02 Feb 2021 at 06:31hrs | Views Police in Midlands have arrested two Harare men driving around the country with fake Reserve Bank of Zimbabwe identity cards, swindling businesses after accusing them of using the wrong foreign exchange rate. The two were arrested at the weekend in Shurugwi ...
upward adjustment of foreign currency surrender thresholds across all economic sectors, the 20 percent surrender on nostro transfers and general upward adjustment of statutory payments, which had lagged behind exchange rate movements. He also pointed out the adjustment of electricity tarrifs, council ...
"The authorities must auction only what is available on the day of the auction, have a minimum bid rate to accept informed by the previous auction and available bids and only pro rata the lowest bids if resources are still available." CZI also said there was the problem of the mismatch be...
JM: The increase in the price of fuel indeed eased pressure on foreign exchange demand and on arbitrage opportunities. We had a lot of exploiting of the price to the detriment of the economy. The price of fuel was undervalued compared to its value across the region and this caused the pres...