The central bank, Reserve Bank of Zimbabwe (RBZ) has released the latest interbank foreign currency exchange rate and prices for gold coins and digital gold-backed tokens. The tokens represent the digital form of the actual gold held by the RBZ. The value of a ZiG is quoted daily on the ...
RBZ interbank foreign currency exchange rate, Gold Coin and Gold-backed Digital Token Prices – 11 September 2024 The Reserve Bank of Zimbabwe (RBZ) has released figures on the latest foreign currency interbank rates, as at 11 September 2024. Apparently, the RBZ figures com...
“You would have noticed that from January 2024, the central bank has allowed the exchange rate to be determined by market forces. And we have been watching because that is what you (businesses) have asked for in the past, and we say there you have it, the rate is floating,” he said...
THE Reserve Bank of Zimbabwe has maintained the exchange rate of the bond notes at par with the US dollar.In his delayed mid-term Monetary Policy Statement, governor John Mangudya said that the central bank would not devalue the currency, at least not in the short term, as any move ...
Accountants Ernst & Young said part of the accounts do not meet standards of reporting in hyperinflation conditions, especially as they relate to the use of the official exchange rate. But Simbisa said the report does not consider the “deficiencies” of the auction, introduced mid-last year. ...
“Obviously, people are still holding on because of the 2,5 exchange rate, which was perceived to have been a fixed exchange rate and for those that follow the exchange rate you will see it moving trending upwards going forward.”
“But the only way to prevent the increase in base money (total money supply) with new cash in the market and the impact on the exchange rate is for the banks to acquire these notes using their RTGS dollar balances. “What we are doing is that we are swapping existing RTGS cash for ...
“The government’s efforts to stabilise prices through prudent fiscal policy and rules-based monetary and exchange rate policies have been effective and must be continued to enhance confidence and improve macroeconomic conditions,” said the global financier. ...
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