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Inflation Rates In Zimbabwe Surges To 191% in June 2022
According to the latest figures from the Zimbabwe National Statistics Agency, the country’s annual inflation rate reached 191% in the second quarter of the year. Weeks into the Russian invasion, Zimbabwe’s inflation rate shot up from 66% to more than 130% in May. In two months, it increased again to verge on 200%. In the same…
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Zimbabwe’s Central Bank Lifts Ban On Bank Lending Services
Three years after Zimbabwe reintroduced its currency, a decade after abandoning it for mainly the United States dollar, the local currency’s value has declined from about 2.5 to the US dollar in 2019 to 285 to the US dollar on the interbank market. The Zimbabwean dollar trades even lower in black market at 400 to…
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Zimbabwe Beef Up Vaccination Campaign As Covid Cases Rise
The Zimbabwean government has announced plans to beef up vaccination as one of its measures to contain the spread of the COVID-19 pandemic following the discovery of the omicron variant. President Emmerson Mnangagwa, who made the announcement in a televised address on state TV, urged the unvaccinated population to get vaccinated not just for their…