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Home » US$-denominated insurance gains popularity
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US$-denominated insurance gains popularity

written by Omega Ukama 0 comments
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FOREIGN currency-denominated insurance has gained popularity in Zimbabwe, amid high inflation, with US$ policies accounting for close to half of the business on short-term insurers books as at June 30, 2021, regulator statistics show. Following a ban on the use of foreign currencies in domestic transactions in 2019, insurers were given an exemption starting November…

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