ZiG losses widen OK Zimbabwe’s forex debts

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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…