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 and ...
b) Adjust the interest rate on the Reserve Bank overnight window upwards from the current 15% per annum to 50% per annum in line with inflation trends. c) Remove administrative limits on the operation of Bureaux de change and on the cap on margins for banks for interbank foreign exchange ...
and promoting trading on the interbank foreign exchange market. There is also a general feeling that the central bank is “managing” the interbank rate to prevent it from “freely” rising according to market forces, which many believe was being done to rein in rampaging inflation rate. ...
and promoting trading on the interbank foreign exchange market. There is also a general feeling that the central bank is "managing" the interbank rate to prevent it from "freely" rising according to market forces, which many believe was being done to rein in rampaging inflation rate. ...
BUSINESSES in Bulawayo say they are struggling to access foreign currency from the interbank market due to its unavailability, contrary to the central bank's statement that the firms could not afford to purchase it at the 2,5 rate to the US dollar. ...