Zimbabwe: Mangudya Slams Business Over Prices

The Reserve Bank of Zimbabwe Governor Dr John Mangudya has slammed businesses for wantonly raising prices of basic commodities based on the movement of the exchange rate saying it was not a significant factor to determine value of a product.

Dr Mangudya said businesses were exaggerating the effect of exchange rate in determining prices of goods and services. He said this while giving oral evidence before a Parliamentary portfolio committee on Information Communication Technology and Courier Services chaired by Kuwadzana East legislator, Mr Charlton Hwende (MDC Alliance.)

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