Black market rates expected to fall further

Prices of goods and services continue to tumble as the new measures to adopt a local currency begin to tame runaway speculative activities and upward movements of the parallel market exchanges rates that had become rampant in the economy.

There are expectations that there will be continued pressure for prices to come down as Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya said yesterday the central bank would move in to support bureaux de change so that they can operate efficiently and effectively.

On Monday Government removed the multi-currency regime and restricted domestic transactions to local currency.