The Reserve Bank of Zimbabwe -RBZ- has published the interbank foreign currency exchange rate, Gold Coin and Gold-backed Digital Token Prices as at 17 January 2025. Apparently, RBZ recently announced a refined strategy to attract and retain foreign currency, aimed at enhancing the flexibility of ...
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...
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...
THE Confederation of Zimbabwe Industries (CZI) has implored monetary authorities to come up with an interbank trading platform where foreign currency demand and supply would determine the exchange rate. The Reserve Bank of Zimbabwe (RBZ) is currently running its weekly foreign currency auction system,...
Further to the Statutory Instrument 142 of 2019 issued by the Hon. Minister of Finance and Economic Development Prof Mthuli Ncube on the removal of the multi-currency system in Zimbabwe and replacing it with a local unit of account for transacting purposes, the Reserve Bank of Zimbabwe wishes ...
The move by the Reserve Bank of Zimbabwe (RBZ) to make the interbank mid-rate the principal reference rate for all foreign currency trading, has slowed down transactions on the interbank market. Last month, the country’s apex bank determined authorised forex dealers and Bureaux de Change ...
Addressing delegates to the Bulawayo Zanu-PF Youth League one-day conference held at the party’s provincial headquarters, Davies Hall, under the theme “Zimbabwe Economy, Industry and Youth Opportunities”, Minister Ndlovu said the same companies who were big beneficiaries of RBZ forex allocations ...
issues and confidence needs to build in the system. And people need to use it (more) and see that it works that where we are getting a challenge. I know the RBZ does not want the rate to go beyond 2,5 RTGS dollars to 1 US dollar and those with currency feel that the rate is ...
THE Reserve Bank of Zimbabwe (RBZ) says the interbank market has, as at June 13, handled about US$154,7 million, with voluntary sales contributing the largest amount. Giving his presentation during the ZimTrade exporters' breakfast meeting held in Bulawayo last week, RBZ deputy director (export...
The value of that currency had held unchanged at 2.5 to the U.S. dollar since Feb. 22, leading to accusations the central bank was manipulating the exchange rate. Reserve Bank of Zimbabwe (RBZ) data showed the mid rate was at 2.7 to the dollar on Thursday. Banks are allowed to buy an...