Traders Stare at Losses as Gold Coins Boost Zimbabwe Dollar
- Currency claws back value amid state action to support unit
- Parallel rate premium falls by more than half since July: IHS
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Not everyone is happy about the Zimbabwean dollar’s gains.
Black market traders have been left reeling as measures taken by authorities, including new gold coins, to support the embattled local currency dry up excess liquidity and erode arbitrage opportunities.