Exchange rate of US Dollar passes 100%

Exchange rate of US Dollar passes 100%
Published: 21 September 2018 (136 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

Biti bail conditions relaxed, passport returned

by Stephen Jakes | 12 December 2018 | 92 Views

Joy TV returns

by Staff reporter | 12 December 2018 | 94 Views

Mphoko: Taking a Cue from the Coup

by Robert Sigauke, Cape Town | 12 December 2018 | 82 Views

Groom humiliated

by Staff reporter | 12 December 2018 | 190 Views

Jailed Tsikamutanda moos like a cow

by Staff reporter | 12 December 2018 | 108 Views

Oscar Pambuka, Maziwisa released from jail

by Mandla Ndlovu | 12 December 2018 | 156 Views

FULL LIST: MDC Youths elect new leaders

by Mandla Ndlovu | 12 December 2018 | 88 Views

WATCH: Political change coming to Zimbabwe in 2024

by Mandla Ndlovu | 12 December 2018 | 84 Views

75 land barons arrested

by Staff reporter | 12 December 2018 | 74 Views

6 000 expected at Zanu-PF conference

by Staff reporter | 12 December 2018 | 70 Views

Zimbabwe judiciary's autonomy questioned

by Staff reporter | 12 December 2018 | 78 Views

Mnangagwa, Chamisa urged to dialogue

by Staff reporter | 12 December 2018 | 92 Views

Sadomba set for Dembare return

by Staff reporter | 12 December 2018 | 77 Views

Obert Gutu exposes ex-MDC ministers

by Mandla Ndlovu | 12 December 2018 | 104 Views

Oscar pambuka;Maziwisa released from jail

by Mandla Ndlovu | 12 December 2018 | 98 Views

Mnangagwa to oppose anti-Chamisa constitutional amendment

by ZimLive | 12 December 2018 | 123 Views

Mnangagwa says those thinking GNU are day-dreaming

by Staff reporter | 12 December 2018 | 112 Views

EXCLUSIVE: Former VP Mphoko speaks on Choppies saga

by Mandla Ndlovu | 12 December 2018 | 118 Views

Chief Maduna playing politics

by Bevan Musoko | 12 December 2018 | 90 Views

Temba Mliswa goes after gold barons

by Mandla Ndlovu | 12 December 2018 | 104 Views

Mnangagwa speaks on GNU with Chamisa

by Mandla Ndlovu | 12 December 2018 | 115 Views

Journalist hospitalised after police assault

by Staff Reporter | 12 December 2018 | 88 Views

Parirenyatwa given his passport

by Mandla Ndlovu | 12 December 2018 | 82 Views

Cabinet orders doctors to go back to work

by Mandla Ndlovu | 12 December 2018 | 115 Views

Lumumba confronts ZANU PF

by Mandla Ndlovu | 12 December 2018 | 152 Views

Curtains: an anthology of poems

by Brian Maregedze | 12 December 2018 | 96 Views

America's 'friend' Biti must come clean

by Staff reporter | 12 December 2018 | 154 Views

RG denies sexual allegations against him

by Staff reporter | 12 December 2018 | 145 Views

Maziwisa, Pambuka apply for bail pending appeal

by Staff reporter | 12 December 2018 | 121 Views

Chivayo vs ZPC judgement expected today

by Staff reporter | 12 December 2018 | 110 Views

Zimbabwe is open for abuse and foreign interference

by Pupurai Togarepi | 12 December 2018 | 120 Views

'Blacklist firms engaged in corruption'

by Staff reporter | 12 December 2018 | 118 Views

Empower Bank to open branch in Bulawayo

by Staff reporter | 12 December 2018 | 100 Views

Bulawayo youths launch tourism company

by Staff reporter | 12 December 2018 | 92 Views

Mnangagwa gets unanimous endorsement

by Staff reporter | 12 December 2018 | 94 Views

Mugabe daughter in gold mine wrangle

by Staff reporter | 12 December 2018 | 152 Views

Mnangagwa threatens to de-register NGOs

by Staff reporter | 12 December 2018 | 115 Views