Growing disparity between official and parallel market exchange rates has a destabilising effect on formal businesses that must now price their goods and services in the cost of expensive foreign currency from the open market. While the bulk of registered businesses in Zimbabwe now procure their forex...
THE Reserve Bank of Zimbabwe (RBZ) believes the parallel market exchange rate will not upset the current momentum of falling inflation, because informal sector transactions account for only a small fraction of total payments. Zimbabwe’s annual inflation
Brought to life through the innovation of Bloomberg open source projects, our app boasts an intelligent AI system, seamlessly navigating the intricate dance of parallel market shifts. From supply-demand dynamics to technical and fundamental indicators, our app leaves no stone unturned. Employing a met...
ANALYSTS say claims by monetary and fiscal authorities that the interbank market and the parallel market for foreign currency will converge are highly unlikely in the absence of a sustained supply of foreign currency.Both the Minister of Finance, Mthuli Ncube and the Reserve Bank of Zimbabwe ...
The market disequilibrium, pegged exchange rates, lack of confidence and auction market inefficiencies can be addressed by the government in the short to medium term. Corruption in forex trading is however a result of other complex dynamics that are at play in the Zimbabwean economy, key among ...
seamlessly navigating the intricate dance of parallel market shifts. From supply-demand dynamics to technical and fundamental indicators, our app leaves no stone unturned. Employing a meticulous bottom-up methodology, it unveils the street value rate, decoding the nuanced interplay between supply and de...
“I think the Reserve Bank of Zimbabwe (RBZ) has also said the parallel market is being determined by non-economic factors. So, until that factor is settled probably next year, we will continue to have the exchange rate on the parallel market unstable. ...
Brought to life through the innovation of Bloomberg open source projects, our app boasts an intelligent AI system, seamlessly navigating the intricate dance of parallel market shifts. From supply-demand dynamics to technical and fundamental indicators, our app leaves no stone unturned. Employing a met...