RBZ Governor Dr John Mangudya said in an interview that the direction of the exchange rate will, going forward, be influenced by key economic fundamentals, both internal and exogenous. “Go to Mbare Musika (Market) today and buy say bananas, what (exchange) rate are they using, $110-$120...
People are required to produce a national identity card when buying the forex. The intervention by Government comes on the backdrop of a widening gap between the official exchange and black-market foreign exchange rates, which made it difficult for ordinary citizens to afford small value transaction...
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THE Reserve Bank of Zimbabwe (RBZ) has unearthed an elaborate practice by some big corporates in the country, who were borrowing large amounts of money from banks which they would then channel into the black market to buy foreign currency and manipulate exchange rates.The companies would then ...
This comes as petroleum marketers will from today have to procure foreign currency for importation of fuel on the interbank foreign exchange market, as Government moves to enhance efficiencies in the procurement of fuels into the country. “In this regard, all the foreign exchange requirements for ...