The Reserve Bank of Zimbabwe -RBZ- has published the interbank foreign currency exchange rate, Gold Coin and Gold-backed Digital Token Prices as at 17 January 2025. Apparently, RBZ recently announced a refined strategy to attract and retain foreign currency, aimed at enhancing the flexibility of ...
THE Reserve Bank of Zimbabwe (RBZ) has ruled out using an interbank-driven exchange rate, saying a rate determined at the foreign currency auction system would remain in force. An interbank rate is the interest rate charged on short-term loans between banks. Banks may borrow or lend money am...
In the statement, he said the new currency takes effect immediately. The ZiG kicked off trading at 13.5616 against one United States dollar. Concurrently, the old ZWL had skyrocketed with multiple exchange rates based on the interbank market, retail shops, kombis, the illegal parallel market an...
THE Reserve Bank of Zimbabwe (RBZ) has ruled out using an interbank-driven exchange rate, saying a rate determined at the foreign currency auction system would remain in force. An interbank rate is the interest rate charged on short-term loans between banks. Banks may borrow or lend money am...
“Payment for the gold-backed digital tokens or physical gold coins in Zimbabwean dollar shall remain at the current 20% margin above the willing-buyer willing-seller interbank midrate.” No related posts.
The move by the Reserve Bank of Zimbabwe (RBZ) to make the interbank mid-rate the principal reference rate