Economist Eddie Cross shared similar sentiments saying the formal exchange rate was determined by bids submitted by buyers, relative to available forex. Cross, however, noted the RBZ may have indirect say in the level of the exchange through levels of interest rates and money supply in the econom...
The Reserve Bank of Zimbabwe THE Reserve Bank of Zimbabwe (RBZ) yesterday said it would start issuing gold-backed digital tokens on May 8 as one of its several measures to save the free-falling local currency. In July last year, gold coins were introduced as part of several policy measures...