Posted on May 31, 2023 14:30
Zimbabwe President Emmerson Mnangagwa speaks during a handover ceremony where he received medical emergency and police helicopters from Sergey Chemezov the Director General of the Russian State Corporation “Rostec” at the Robert Mugabe International Airport in Harare on May 18, 2023. President Mnangagwa has blamed the recent local currency devaluation on businesses taking advantage of cheap foreign currency and sabotaging the government’s reputation in the run up to elections.
President Mnangagwa has blamed recent local currency devaluation on businesses taking advantage of cheap foreign currency and sabotaging the government’s reputation in the run up to the elections.published on 21 May, Mnangagwa alleged that businesses were accessing US dollars from the central bank at concessionary prices, while disconnecting point-of-sale units to discourage sales in local currency.