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Ministry rejects request to further devalue dollar

[Niger] Mother with child waiting at a distribution site in Taoa for handouts of supplementary food. IRIN
La famine pousse les plus jeunes femmes à vendre leur corps pour subvenir aux besoins de leurs familles
    NIAMEY

    The Ministry of Finance and Economic Development has rejected a request to further devalue the Zimbabwe dollar, the Zimbabwe Broadcasting Corporation (ZBC) said on Tuesday. The ZBC said that there were requests for the currency to be devalued to a level close to 60 Zimbabwe dollars per one United States dollar. Meanwhile, the reserve bank was quoted as saying that any devaluation of the dollar will immediately mean an increase in the price of fuel, electricity and consequently a rise in the price of goods and commodities.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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