Price of Bread Shoots Up Again In Zimbabwe Following New Forex Rates

Price of Bread Shoots Up Again In Zimbabwe

The price of bread has gone up yet again in Zimbabwe, a day after the country abandoned the fixed foreign currency exchange rate and introduced the foreign currency auction system.

According to information reaching iHarare, a standard loaf of bread from Proton Bakeries is now retailing for ZWL$86 in some supermarkets in the capital. The is an increase of ZWL$25 from the previous price of ZWL$61. This price increase translates to a massive 40 percent price increase.

This also means that a loaf of bread is now going for US$1.50 using the official foreign currency exchange rate established at yesterday’s first foreign currency auction system.

 

 

More Details To Follow…

  • How To Never Miss IHarare Latest News On Your News Feed Following Facebook’s New Algorithm
  • IMPORTANT NOTICE:Access LIVE News, Jobs and Exchange rates directly on WhatsApp. Send a WhatsApp message with the word HIE to +263718636522 or just CLICK HERE to try it out. iHarare is now a information one-stop-shop. Please click on the links highlighted in Red to access News, Events, Jobs, Pricecheck, Classifieds, Dating and Education services by iHarare.For any queries contact us by CLICKING HERE .

    The post Price of Bread Shoots Up Again In Zimbabwe Following New Forex Rates appeared first on iHarare News.