$100 Now 1m In Zimbabwe As FX Rate Plunges - Foreign Affairs - Nairaland
Nairaland Forum › Nairaland General › Politics › Foreign Affairs › $100 Now 1m In Zimbabwe As FX Rate Plunges (693 Views)
| $100 Now 1m In Zimbabwe As FX Rate Plunges by cleantitleautos(op): 5:12pm On Jan 31, 2024 |
$100 now 1m in Zimbabwe as FX rate plunges to its lowest The Zimbabwean dollar, on Tuesday, weakened to over 10,160 against the US dollar in the spot market. The depreciation is the first time since the currency was reintroduced in 2019. According to a Bloomberg report, though being a millionaire would be great news for most people, in Zimbabwe it underpins the country’s economic woes. The decline means that anyone in the country with $100 is now a millionaire in local currency terms. The Zimbabwean dollar remained just below that level at 9,973, according to data posted on the country’s central bank’s website. The local unit, according to the report, has lost almost 40 percent of its value against the dollar on the official market so far this year — making it the worst-performing currency in the world. The parallel market rate also surpassed the milestone — trading at between Z$12,000 to Z$14,000 according to ZimPriceCheck.com, a website that monitors both official and parallel exchange rates in the country. https://www.thecable.ng/100-now-1m-in-zimbabwe-as-fx-rate-plunges-to-its-lowest/amp 1 Like 1 Share |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by lawalosky(m): 5:18pm On Jan 31, 2024 |
[sub][/sub]s |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by Khallicopyro: 5:29pm On Jan 31, 2024 |
I'm sure Nigeria will get there someday if we continue like this |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by coputa(m): 5:29pm On Jan 31, 2024 |
The naira is heading this way |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by gaby(m): 5:29pm On Jan 31, 2024 |
Nigeria senior bros. |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by SalamRushdie: 5:41pm On Jan 31, 2024 |
Stop lying 1 Like 1 Share
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| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by Floky215: 8:24pm On Jan 31, 2024 |
SalamRushdie:Check properly and you would discover the op is one of many APC touts who are trying hard to justify the Naira free fall against the dollar..!! All of them are regards...!! 3 Likes |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by leroi01(m): 8:29pm On Jan 31, 2024 |
1 Zimbabwean Dollar = 2.64 Naira. The naira is crap 1 Like |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by AlphaTaikun: 2:40pm On Feb 01, 2024 |
cleantitleautos: |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by panafrican(m): 2:10pm On Feb 03, 2024 |
Nigeria, Ghana, Ivory Coast, Namibia, Kenya , South Africa, Egypt, Morocco, Bissau Guinea should offer their experience to Zimbabwe in this ongoing currency instability . This has been going on for decades. Zimbabwe should get rid of the name " Dollar" and find its own national identity, this will not solve the currency issue but at least will set a new tone. |
| Re: $100 Now 1m In Zimbabwe As FX Rate Plunges by bigpriik: 3:55pm On Feb 03, 2024 |
oluwa lamba them don catch am..  |
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