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Home » Art sales mix in favour of USD

Art sales mix in favour of USD

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AMALGAMATED Regional Trading (Art) says its sales mix is now evenly split between US dollars and Zimbabwe dollars, but expects it to be more skewed towards the greenback going into the future.
The economy has been witnessing an increased use of US dollars for both formal and informal transactions, with experts saying the country is slowly heading towards dollarisation.

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Art chief executive Milton Macheka recently told the company’s annual general meeting that the company has faced significant headwinds, particularly in terms of power and liquidity.

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