HARARE - The Reserve Bank of Zimbabwe (RBZ) does not determine the level of the Zimbabwe dollar exchange rate, as the price of the domestic unit is established via a price discovery mechanism — the Dutch forex trading auction system, governor Dr John Ma
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some export lines unviable. Exporting agricultural businesses are required to surrender 25% of their export...
In July last year, gold coins were introduced as part of several policy measures to ease demand for the greenback, stabilise the Zimbabwe dollar exchange rate and tame resurgent inflation. But the gold coins have done little to save the local currency that is trading at $1 to $2 100 on t...
Recently, the World Bank credited Zimbabwe’s monetary authorities for implementing sound exchange rate policies that have led to relative stability on the local currency. “The government’s efforts to stabilise prices through prudent fiscal policy and rules-based monetary and exchange rate policies ha...