RBZ interbank foreign currency exchange rate, Gold Coin and Gold-backed Digital Token Prices – 11 September 2024 The Reserve Bank of Zimbabwe (RBZ) has released figures on the latest foreign currency interbank rates, as at 11 September 2024. Apparently, the RBZ figures com...
THE Reserve Bank of Zimbabwe (RBZ) has ruled out using an interbank-driven exchange rate, saying a rate determined at the foreign currency auction system would remain in force. An interbank rate is the interest rate charged on short-term loans between banks. Banks may borrow or lend money am...
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 it from “freely” rising according to market forces, which many believe was being done...