The Reserve Bank is considering the submissions made by small scale gold producers to ensure they remain viable. This comes after the central bank last week took the decision to create an interbank platform for trade in currencies after floating the US dollar exchange rate against all electronic m...
THE Reserve Bank of Zimbabwe (RBZ) has scrapped the US$10 000 daily trading limit for bureaux de change and the 2,5 percent maximum profit margin for banks, in a bid to make the interbank forex market more efficient and bolster Government's ongoing currency reforms. This comes after Governm...
Bank NameRESERVE BANK OF ZIMBABWE Address CityHARARE Branch Postcode Country Zimbabwe ConnectionActive Money TransferSave on international fees by usingWise, which is 5x cheaper than banks. Receive MoneyGet paid at the real exchange rate by usingWise. ...
The ZiG was launched on 05 April 2024 to replace the inflation-hit Zimbabwe dollar, which had fallen to around $33 000 against US$1 on the interbank market and traded above $40 000 to US$1 on the parallel market. More: Pindula News Share this: Share Like this: Loading... Related ...
Cutting the funds rate just before an FOMC meeting sends a strong but not necessarily appropriate message. The fact that the cut came without the discussion from the regional Bank presidents of their respective regions that would come routinely at an FOMC meeting suggests that the FOMC was respond...
So, if it is through that route, our argument has always been the same. It also means that they would have also overpriced their contracts, because for them to be able to go to the market and purchase dollars at $350/US$1 means in their invoice they never used the interbank rate. Be...