The central bank, Reserve Bank of Zimbabwe (RBZ) has released the latest interbank foreign currency exchange rate and prices for gold coins and digital gold-backed tokens. The tokens represent the digital form of the actual gold held by the RBZ. The value of a ZiG is quoted daily on the ...
Normally in a real market this would result in the weighted average exchange rate simply depreciating until demand equaled supply. There is resistance to this in government and RBZ because of the implications for inflation. One immediate consequence of the widening gap between supply and demand is...
One of them is John Palmer, who was president of Cboe Digital, and today he was announced as part of the leadership team at IEX. Congratulations, John, on landing at IEX and to IEX on a terrific hire. Nodal Exchange wants you to know that today, June 5, it celebrates World ...
The latter moved up from the six band, creeping towards the neighbourhood of nine. At the time of writing, the grey market's wound had seemingly healed, with rates offered therein creeping upwards of 10, while the inter-bank market had retreated to the eight band. The lack of convergence ...