Shock As 50 Firms Cling to Half of Zimbabwe Bank Balances

The Reserve Bank of Zimbabwe says only 50 companies operating in Zimbabwe are holding half of the total balances held across the country's banking sector, posing a high risk of manipulation and pushing up exchange rates on the parallel market, New Zimbabwe's Alois Vinga writes. The southern African country's economy is caught in a crisis with shortages of fuel, medicine, and currency as well as hyperinflation which has seen many families living on a single meal a day.

Reserve Bank of Zimbabwe.


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