Weekly wrap of events of the week peppered with context, commentary and opinion by a superstar panel. Click here to support Newslaundry: http://bit.ly/paytokeepnewsfree Hosted on Acast. See acast.com/privacy for more information.
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Zimbabwe Knocks 40% Off Value of Gold-backed Currency
Manage episode 442815860 series 3174974
İçerik Africa Business Radio tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Africa Business Radio veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
Zimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last-ditch effort to stabilise the country's volatile economy, is in trouble. The Reserve Bank of Zimbabwe decided to slash the local exchange rate to 24 Zig to $1. This slump is due to an increase in demand for the US dollar, which is also legal tender. It comes after warnings from large retailers of store closures if the rate remained fixed at the previous level. RBZ says that its Monetary Policy Committee made the move to allow greater exchange rate flexibility. RBZ explained that the measures would address emerging exchange rate risks, anchor the inflation expectations and stabilise prices in the near to short term.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
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Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
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Paylaş
Manage episode 442815860 series 3174974
İçerik Africa Business Radio tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Africa Business Radio veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
Zimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last-ditch effort to stabilise the country's volatile economy, is in trouble. The Reserve Bank of Zimbabwe decided to slash the local exchange rate to 24 Zig to $1. This slump is due to an increase in demand for the US dollar, which is also legal tender. It comes after warnings from large retailers of store closures if the rate remained fixed at the previous level. RBZ says that its Monetary Policy Committee made the move to allow greater exchange rate flexibility. RBZ explained that the measures would address emerging exchange rate risks, anchor the inflation expectations and stabilise prices in the near to short term.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
…
continue reading
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
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Player FM'e Hoş Geldiniz!
Player FM şu anda sizin için internetteki yüksek kalitedeki podcast'leri arıyor. En iyi podcast uygulaması ve Android, iPhone ve internet üzerinde çalışıyor. Aboneliklerinizi cihazlar arasında eş zamanlamak için üye olun.
Africa Business News benzeri
Weekly wrap of events of the week peppered with context, commentary and opinion by a superstar panel. Click here to support Newslaundry: http://bit.ly/paytokeepnewsfree Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
Our weekly podcast from Politics Home discussing all the ups and downs in Westminster. Please subscribe and share - and keep up with all the latest news on PoliticsHome.com. Got a question for the team? news@politicshome.com.
…
continue reading
Diane Rehm’s weekly podcast features newsmakers, writers, artists and thinkers on the issues she cares about most: what’s going on in Washington, ideas that inform, and the latest on living well as we live longer.
…
continue reading
The UK Column is an independent news organisation analysing the information war.
…
continue reading
Podcast by Chapo Trap House
…
continue reading
Puck senior political correspondent Tara Palmeri is here to help you get through what may be the most chaotic and consequential presidential election cycle of our lifetime. With 15 years covering politics, Tara speaks with the smartest political brains to discuss what is happening behind the scenes in Washington D.C., and on the campaign trail.
…
continue reading
Ground Zero is a nationally syndicated three-hour live broadcast originating from the KPAM 860 AM studios in Milwaukie, OR, and syndicated by the Sun Broadcast Group and GAB Networks. Hosted by radio veteran Clyde Lewis, Ground Zero is truly independent media and covers the spectrum of Fortean/paranormal and the para-political.
…
continue reading
America is divided, and it always has been. We're going back to the moment when that split turned into war. This is Uncivil: Gimlet Media's new history podcast, hosted by journalists Jack Hitt and Chenjerai Kumanyika. We ransack the official version of the Civil War, and take on the history you grew up with. We bring you untold stories about covert operations, corruption, resistance, mutiny, counterfeiting, antebellum drones, and so much more. And we connect these forgotten struggles to the ...
…
continue reading
A comprehensive roundup of the major stories from the region and the people involved and affected by them.
…
continue reading
Erin Burnet OutFront: Out in the field. In front of the headlines. A courageous and unconventional nightly news program.
…
continue reading
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Player FM uygulamasıyla çevrimdışı Player FM !
