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The Standard Group Plc is a
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influence in matters of national and international interest.
Zimbabwe’s interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in US dollars as a hedge against inflation, which is running at its highest in a decade.
The RTGS dollar has plunged 60 per cent against the US dollar since its introduction in February, and public sector workers’ demands for a second pay rise this year could undermine a government drive to convince lenders of its fiscal discipline.
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