Zimbabwe's Currency Rout Stops as It Touts $500 Million Plan
- RTGS$ strengthens in black market on plan to inject dollars
- The parallel rate is still much weaker than official value
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Zimbabwe may not yet have pushed through with its plan to alleviate a crippling dollar shortage, but its currency has already strengthened on the black market.
The RTGS$ appreciated about 27% from a record low on Monday, according to marketwatch.co.zw, a website run by financial analysts, after the central bank said it would inject $500 million into the foreign-exchange market.