NMB suffers blow from currency switch

AdvertisementsNMB Bank Zimbabwe Limited (NMB) was left counting heavy losses from the currency transition executed earlier this year after conversions from the Zimbabwe dollar (ZWL) to the Zimbabwe Gold currency (ZWG) resulted in the devaluation of some of its assets.Advertisements Subsequently, the financial services firm reported a ZWG362,22 million monetary loss for the six months…

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