Shops Start Forex Trading

Zimbabwe: Shops Start Forex Trading Posted to the web 7 October 2008 Harare SOME shops and garages, licensed to sell goods in hard currency, in Harare began trading with the Reserve Bank of Zimbabwe and the National Incomes and Pricing Commission closely monitoring the situation yesterday. Among the shops are Spar Borrowdale Brooke, Spar Helensvale, Spar Athienitis and Spar Eastlea. At Spar Borrowdale Brooke a 20kg bag of Gold Seal roller meal was selling at US$18,90, 2kg Gold Seal flour US$3,50, 2 litres Citrade orange drink US$3,20, 500g Nestle Cerelac US$3,50, 2 litres Gold Seal cooking oil US$8 and 2 litres Sunflower cooking oil US$9 (see table). Some products like Gold Seal roller meal and Gold Seal cooking oil were priced in foreign currency even though they are produced locally by National Foods. Gold Seal cooking oil... [read full story]