The central bank, Reserve Bank of Zimbabwe (RBZ) has released the latest interbank foreign currency exchange rate and prices for gold coins and digital gold-backed tokens. The tokens represent the digital form of the actual gold held by the RBZ. The value of a ZiG is quoted daily on the ...
Multiple exchange rates disrupted pricing by suppliers and affected consumers’ spending habits. Says Simbisa: “The board would like to urge the government to address the deficiencies in the foreign exchange auction and allow for efficient price discovery and distribution of foreign currency in the ...
Among some of the key measures that will curb manipulation of the system include daily publication of the previous day’s rates, and banks are required to report activities of the interbank foreign currency market to the central bank that shall closely monitor the foreign currency trades on...