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Pension funds turn to VFEX

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THE Insurance and Pensions Commission (Ipec) says foreign currency-denominated assets are cushioning the industry from loss of value in the face of rampant inflation. Month-on-month inflation was reported at 74,5 percent in June, after gaining 58,8 percentage points on May’s rate. Annual inflation hit three digits to 175,8 percent from 86,5 percent recorded in the…

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