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OK Zimbabwe demands US dollars only

January 8, 2024
0
OK Zimbabwe demands US dollars only

In a move that could be seen as a confirmation of the official death of the country’s local currency Zimdollar, one of the biggest supermarket chain, OK Zimbabwe demanding US dollars only con selected products.

In a statement to its customers, the retail giant pointed out that all products marked with stars are priced in the green buck only.

The Zimdollar has for long been trading badly against the major convertible currencies, with market expect urging the government to fully dollarise.

One such voice is Professor Steve Hanke, who carries out currency analysis.

Source Zwnews

Tags: ok zimbabwe

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