Zimbabwe central bank negotiates lower bread prices
Russia-Ukraine war and weak currency bring misery to southern African country
The governor of the Reserve Bank of Zimbabwe says he has negotiated a reduction in bread prices with the country’s association of bakers. The agreement, announced on June 20 in a statement signed by governor John Mangudya, comes amid currency and inflation crises.
The RBZ’s statement says the central bank “agreed with the Bakers Association that its members would access their full requirements for foreign exchange through the weekly foreign exchange auctions”. In return, the bakers “will review
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