Thursday 17 January 2019
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businessdaily - 8 month ago

Industry getting 60% forex from black market

INDUSTRIALISTS and retailers are sourcing at least 60 percent of their foreign currency requirements from the black market, the Confederation of Zimbabwe Retailers (CZR) has revealed.In the face of the persistent foreign currency shortage, CZR said government should consider adopting a local currency which is supported by the right fundamentals so that it does not lose value against major tradin...

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