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Update on US dollar black market rates

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

Parallel market rates for the US Dollar hovered at 260% (RTGS$3.60 for US$1) Saturday afternoon.

Professor Steve Hanke yesterday published his weekly World Inflation Roundup where Zimbabwe took third position behind Venezuela and Iran.

Hanke’s model places the rate at 302% (RTGS$4.02 to US$1).

Gold dealers are demanding RTGS$3.70 (270%) when selling in RTGS.

— Kukurigo