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Wild Currency Ride Shows Signs of Settling Down in Zimbabwe – Bloomberg

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Zimbabwean banknotes.

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Zimbabwe’s volatile currency is showing signs of stabilizing, with the gap between the official and parallel-market exchange rates narrowing and raising hopes runaway inflation may cool.
“We have basically converged with an acceptable premium between the alternative and interbank rates,” Persistence Gwanyanya, a Harare-based economist and a member of the Reserve Bank of Zimbabwe’s monetary policy committee, said by phone. “The markets are at equilibrium.”

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