By Ebi Kesiena
The Zimbabwe dollar continued its slide against the United States dollar shedding $64.20 at today’s auction to average $4 712.1675.
The local currency has so far declined by $134.67 against the US dollar since the elections that brought back President Emmerson Mnangagwa in an election whose presidential outcome has been rejected by opposition leader Nelson Chamisa.
Inaugurated on September 4, Mnangagwa has since his reelection retained Mthuli Ncube the post of Finance Minister, while this time Mnangagwa’s son David Kuda as his deputy.
However, Ncube has promised to keep the current tight monetary policies in place to shore up the local currency and curb inflation.