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Home » Parallel market distresses companies

Parallel market distresses companies

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FOREIGN currency distortions on the market are driving up the cost of local production, piling pressure on companies’ margins, due to the growing gap between the official and parallel market rates.

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This comes as a shortage of foreign currency on the Reserve Bank of Zimbabwe’s (RBZ) auction system has pushed demand for the greenback on the parallel market, widening the ZWL discount.

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