Exchange rate of US Dollar passes 100%

Exchange rate of US Dollar passes 100%
Published: 21 September 2018 (172 Views)
MDC Alliance official Discent Collins Bajila has claimed that the rate of exchange of US$ to Bank transfer in Zimbabwe has reached +100%.

He said this means that if one have US$100 hard cash and looking for someone who can transfer it to his bank account, the least they must transfer to his account is $200.

"Bond Cash is at +75% today. This means that if you have US$100 and you want to convert it to Bond Note, the least you must get in the informal currency markets is $175 bond notes. This is basically how the markets have reacted to both the new cabinet and the and the State of the Nation Address by former Chirumanzu Zibagwe MP Mr Emmerson Mnangagwa," he claimed.

"The cruel thing about the economy is that it doesn't rely on Constitutional Court rulings or quasi-military interventions. I foresee talks, reshuffles, amendments and several other post bravado actions coming. However, whatever COSLEGers decide, auctioning our natural resources to China should never be tolerated."

"We are headed for harsh economic moments. What is more troublesome is that the men in charge believe in so much in "force interventions " for every crisis."

- Byo24News

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Zimbabwe tourism earnings surpass $1 billion

by Staff reporter | 19 February 2019 | 33 Views

TinTin suffers mental illness scare

by Mandla Ndlovu | 19 February 2019 | 51 Views

Letter to my friends in the MDC Alliance

by Nkosilathi Emmanuel Moyo, Sr | 19 February 2019 | 43 Views

'ZANU PF will be dead in 2028' says Jonathan Moyo

by Mandla Ndlovu | 19 February 2019 | 49 Views

PHOTOS: Top ZANU PF leader's body arrives

by Mandla Ndlovu | 19 February 2019 | 64 Views

Zimnat invites entries for Sanlam financial journalism award

by Staff writer | 19 February 2019 | 64 Views

MDC Bulawayo endorses Chamisa for Presidency

by Mandla Ndlovu | 19 February 2019 | 112 Views

Jonathan Moyo imposter calls Chamisa a biblical Moses.

by Mandla Ndlovu | 19 February 2019 | 155 Views

Chamisa, Mnangagwa MPs set tone for dialogue

by Staff reporter | 19 February 2019 | 153 Views

Former minister's children fight over estate

by Staff reporter | 19 February 2019 | 138 Views

$7bn needed for cleaner energy in Zimbabwe

by Staff reporter | 19 February 2019 | 67 Views

Man steal 'funeral' meat

by Staff reporter | 19 February 2019 | 106 Views

5 'Zacc officials' in trouble

by Staff reporter | 19 February 2019 | 96 Views

African Union and Sadc are spineless

by Pearl Matibe | 19 February 2019 | 81 Views

Serial burglar jailed 48 months

by Staff reporter | 19 February 2019 | 75 Views

Mliswa escalates fight against Nduna

by Staff reporter | 19 February 2019 | 97 Views

MDC legislator fumes over 'partisan distribution' of agric inputs

by Staff reporter | 19 February 2019 | 69 Views

Jailed robbers face fresh charges

by Staff reporter | 19 February 2019 | 71 Views

Zimbabwe inflation seen slowing down in October

by Staff reporter | 19 February 2019 | 65 Views

MDC councillor in court over violence

by Staff reporter | 19 February 2019 | 67 Views

Zimbabwean actor lands role in UK series

by Staff reporter | 19 February 2019 | 65 Views

SA civic groups blast Sadc over Zimbabwe rights violations

by Staff reporter | 19 February 2019 | 81 Views

Bulawayo extends water-rationing to 72hrs

by Staff reporter | 19 February 2019 | 60 Views

MDC chair denied access to detained party members

by Staff reporter | 19 February 2019 | 70 Views

Ginimbi's club Sankayi to shut down

by Staff reporter | 19 February 2019 | 59 Views

Tollgate scandal rocks Zinara

by Staff reporter | 19 February 2019 | 67 Views

Chamisa, Mnangagwa trade barbs

by Staff reporter | 19 February 2019 | 39 Views

'China has confidence in Mnangagwa'

by Staff reporter | 19 February 2019 | 38 Views

Matebeleland chiefs escalates their row with Mnangagwa

by Staff reporter | 19 February 2019 | 47 Views

Mnangagwa purges Chiwenga top allies

by Staff reporter | 19 February 2019 | 39 Views

Chamisa will not be challenged at the elective congress

by Staff reporter | 19 February 2019 | 33 Views

Mnangagnwa dismisses fake reports on tracking doctors and lawyers

by Staff reporter | 19 February 2019 | 104 Views

Mnangagwa ready to engage

by Staff reporter | 19 February 2019 | 39 Views

Mnangagwa's lawyer assaults MDC MP's lawyer in court

by ZimLive | 19 February 2019 | 47 Views

What type of forex trader are you?

by Staff Reporter | 19 February 2019 | 88 Views