Battered Zimbabwe Currency Falls Past 20,000 Per Dollar in Official Trade
- Nation’s dollar weakens past 20,000 per USD in official trade
- Authorities are yet to release plans to defend their currency
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In less than two months, the Zimbabwean dollar has breached another significant threshold, dropping below 20,000 against the US dollar after its decline past the 10,000 level in late January, according to data compiled by Bloomberg.
On Friday, the currency traded at 20,389 per greenback, reflecting cumulative losses of 70% since the year began, making it one of the world’s worst-performing currencies.