Can you really get US$16 for 5 000 Zimbabwe dollars?


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Global media service Al Jazeera sys it endeavours to get to the truth and declare it in its dispatches. It treats its audiences with due respect and address every issue or story with due attention to present a clear, factual and accurate picture.

This was hardly the cases with its story in which it said Zimbabwean footballers have turned to “money games” to make ends meet.

“On average, a club player earns 5 000 Zimbabwean dollars a month ($50 officially but $16 on the black market),” the story said.

Fact or fiction?

Officially the Zimbabwe dollar is trading at 82.0914 against the greenback. $5 000 would therefore beUS$60.91.

If one were to get only U$16 for $5 000 that would mean a black market rate of 312.50?

See: Who gets to tell the Zimbabwe story?

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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