As Zimbabwe hurtles from one monetary crisis to the next, and the administration stubbornly clings to the Zimbabwe dollar in a rapidly dollarising economy, companies in the country are struggling to comply with financial reporting standards.
In an attempt to rein in currency volatility, central bank governor John Mangudya announced that the government would institute a “market-determined” exchange rate from June 7 — a move away from the government-controlled weekly currency auction, though still a step short of a free float. ..
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