Zimbabwe Flags 18 Suspected Mineral Smuggling Cases Involving 2,655 Tonnes
Zimbabwe’s minerals marketing authority says it has intercepted or investigated 18 suspected cases involving lithium, chrome, silica and other materials since January.
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ZiG Inflation Falls to 2.9% but Bank Loans Still Cost Over 40%
Zimbabwe's annual inflation rate in the local Zimbabwe Gold currency fell to 2.9% in August from 3.2% in July, the Zimbabwe National Statistics Agency said on Tuesday. The month-on-month ZiG rate was 0.1%, unchanged from July.
The figures measure price changes in ZiG only. In US dollar terms, monthly inflation fell to 0.0% in August from 0.3% in July, while the annual US dollar rate held at 3.1%. Zimbabwe runs a dual-currency system and ZimStat compiles the two indices separately.
ZimStat attributed the low readings in both currencies to continued exchange rate stability during the month.
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The Granite Post Zimbabwe verifies documents, interviews sources and checks official records before publication. Our editorial standards explain what we require before a story runs.
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Rebecca Zimera is Senior Business and Courts Correspondent at The Granite Post. She reports on money and property in Zimbabwe, covering economic policy, household finances, local government spending and the court cases that decide who owns what
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