LIQUIDITY on the Victoria Falls Stock (VFEX) has been strained by investors’ reluctance to sell amid high inflation in the country, the US$-denominated exchange’s chief executive has said.
Zimbabwe’s annual inflation rose to 191,6 percent in June, from 131,7 percent in May, when it hit three digits for the first time since June last year.
This was a sharp increase from 96,4 percent in April and 60,74 percent in December.
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On a month-on-month basis, the inflation rate, at 30,7 percent, was up 9,7 percentage points on the May 2022 rate of 21 percent, marking the highest monthly rise in
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