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Economic agencies that are betting against Government policies are likely to suffer heavy losses as Treasury remains adamant that the current policy measures and the firming local currency trajectory will continue for longer. Some businesses are still using exchange rates of between $8 000 and $11 000 per greenback in their pricing despite the official…
Basic commodities have disappeared from shop shelves as most outlets are unable to secure foreign currency to replenish stocks, Business Times can report. This comes as manufacturers are supplying goods to informal traders who pay in foreign currency as the economy battles currency volatility which has triggered a shortage of most locally manufactured basics. A…
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