Exchange Rates Goes Up Suddenly After Mthuli Introducing Another Problem of 50 Bond

Those are the rates that were collected in various locations by Jola’s team.

For sale your own USD$ to the Black Market
$1 USD = 140 EcoCash
$1 USD = 120 Bond Notes
$10 USD = 1,400 EcoCash
$10 USD = 1,200 Bond Notes
100 Rand= 700.0 EcoCash

To buy USD$ from the Black Market
$1 USD = 150 EcoCash
$1 USD = 130 Bond Notes
$10 USD = 1,500 EcoCash
$10 USD = 1,300 Bond Notes
100 Rand = 900.0 Ecocash

Official Bank Rates
$1 USD = 85.6402 RTGS
$10 USD = 856.402 RTGS

The problem is being caused by Mthuli Ncube who continues generating a large number of solid money. If he was a wise man he would have to return the coins.

Meanwhile, the government’s plans have successfully reduced EcoCash by a limit of 35,000 per week to prevent the black market rate from rising as it did before.

The government is trying at all means to control the situation, but it is disturbed by Mthuli Ncube who is enjoying a large amount of money.