Learn more

By bne IntelliNews Zimbabwe’s government has, in response to a depreciation of a currency introduced on April 8, arrested 65 alleged illegal currency dealers and closed bank accounts of businesses suspected to be trading only in US dollars. The unit, Zimbabwe Gold (ZiG) which trades at about 13 to the greenback on the official market, is changing hands at up to 20 on the alternative market. Determined to defend the new gold-backed currency, President Emmerson Mnangagwa’s government has warned of strong action against individuals and entities who are deemed to be undermining the southern Africa…

cuu