Zimbabwe’s national budget shrinks to US$2bn

Zimbabwe’s US8,2 billion 2019 national budget, presented by Finance minister Mthuli Ncube at a time the UD dollar was officially trading par with the country’s quasi-currencies on November 22 last year, has effectively shrunk to RTGS$2,6 billion using the official rate due to currency and exchange rate volatility.

It is now about RTGS$2 billion using the parallel market rate. The official rate was US$1:RTGS$3,1 yesterday.

The alternative market rate was US$1:RTGS4,2.

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