ZiG losses widen OK Zimbabwe’s forex debts

254

THE Reserve Bank of Zimbabwe’s decision to devalue the ZiG currency in September last year resulted in “near-doubling” of OK Zimbabwe (OK Zim)’s United States Dollars-denominated debt stock, a senior company executive has revealed.The ZiG lost 43 percent of its value on September 27, 2024 as authorities sought to catch-up with the runaway parallel market…