ZIMBABWE is easing controls on the national currency’s official exchange rate, allowing it to converge with an interbank rate that the government has permitted businesses to use for commerce. The currency now officially trades at ZW$290.88 per US dollar, according to data published Thursday on th...
HARARE (Reuters) - A Zimbabwean treasury official accused exporters on Monday of keeping $900 million of their earnings in offshore banks - money that he said should be repatriated to ease dollar shortages and help stabilise the exchange rate. The southe
“I think within three months we will have a convergence of these rates of parallel market and interbank market rate,” Mangudya said during the launch of an economic report by a private sector company in Harare. Zimbabwe’s economy has been crippled by a cash crunch that has...