32nd Post Cabinet Briefing: 08 October 2024 [Download]

The ZiG prices of basic commodities in the formal retail outlets have increased in response to the adjustment of the local currency. However, the prices of the commodities in US$ terms in both the formal and informal outlets have remained stable. Both the ZiG and US$ prices are still on the higher side in the formal retail outlets, indicating an element of forward or speculative pricing and benchmarking against the parallel market rates.