The new Zimbabwean 100-dollar note, the highest denomination in the market is out.
The note is worth only US$0.40 cents at real exchange rate value in the black market using an average exchange rate of US$1: ZW250.
Officially it is worth US$.67 cents, at US$1: ZW145.9 as inflation surges.
The local currency is continuously losing its purchasing power and trading weakly against major convertible currencies.
Meanwhile, Zimbabwe’s central bank recently raised benchmark interest rates to 80% in a futile attempt to rein in inflation.
At the time, Zimbabwe’s inflation was at 161%/yr, according to renowned economist Steve Hanke.
Hanke said to put real, inflation adjusted interest rates in positive territory, the benchmark would have to be above 160%.
Zwnews
Buying a car in South Africa and bringing it into Zimbabwe through Beitbridge has become… Read More
For years, our platform has been your trusted destination for breaking football news, match updates,… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through… Read More
Cars for sale in Lesotho are now easily available to consumers with different budgets. Moreover,… Read More
The Zimbabwe Republic Police (ZRP) confirms a fatal road traffic accident which occurred on 23/10/25… Read More
Zimbabwe's state security agency, Central Intelligence Organisation (CIO) has burst an intricate WhatsApp-based scam through… Read More