“Our expenditure has overshot our collections in just one service delivery mandate — water. This is because suppliers of treatment chemicals are indexing their prices against the interbank rate. Monthly, council requires $8 million for fuel and $12 million for salaries, among other costs.” Coun...
Alternatively, the banks would make special arrangements between clients, from which they made huge commissions, instead of facilitating and promoting trading on the interbank foreign exchange market. There is also a general feeling that the central bank is “managing” the interbank rate to prevent ...