Zimbabwean central bank optimistic but currency falls
Central bank fails to say whether debt repayments will be in US dollars or how long they will take
Zimbabwe’s central bank says it intends to repay $1.2 billion worth of foreign-denominated state debt, but it is unclear how it will do so.
The central bank’s latest figures put year-on-year inflation at 564% in January, although it is not clear how accurate official statistics are. South African media source marketwatch.co.za reported that the authorities’ “RTGS dollar” has lost more than 20% of its value on the black market against the US dollar since January 1. The official exchange rate
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