Home » Parallel market distresses companies

Parallel market distresses companies

0 comments

FOREIGN currency distortions on the market are driving up the cost of local production, piling pressure on companies’ margins, due to the growing gap between the official and parallel market rates. This comes as a shortage of foreign currency on the Reserve Bank of Zimbabwe’s (RBZ) auction system has pushed demand for the greenback on…

Subscribe to read full article. Subscribe today

Related Posts

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More