If you’d like a vision of the Ozymandian achievements of Robert Mugabe then here’s a number for you. The central bank governor is boasting that the new foreign exchange market regulations have led to a staggering $45 million in trade. Over three weeks. No, that’s not per week, that’s over the three weeks. Compare this with London’s $2.7 trillion a day.
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says US$45 million has been traded over the past three weeks of the interbank forex market, a 25% increase in the average weekly trades compared to last month.