Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market December 4, 2024 Zimbabwe 2025 citizens’ budget November 28, 2024 To go or not to go- Mnangagwa in a quandary November 25, 2024 ZiG loses steam, falls against US dollar for five consecutive days ...
The Reserve Bank of Zimbabwe has set the interbank rate at 2.5 to the US dollar to kick start its auction system. However its ability to sustain it at thos...
He told the Zimbabwe Broadcasting Corporation that the interbank rate of the RTGS dollar will strengthen against the greenback as the current rates are purely speculative. “The fundamentals are now in place. We have a fiscal surplus. We have a balance of payments surplus. People laugh at that ...
the central bank has not moved from a position where it wants to control the exchange rate to manage pricing in the economy. To do this, the apex
The only way to restore sanity to our economy and stability to our money market is to increase the flow of hard currency to the interbank market where all those who need foreign exchange for whatever purpose, can buy it at a real market price or exchange rate. If we cannot introduce all...
In finance, anNZD to ZWD exchange rateis theNew Zealand Dollar to >Zimbabwean Dollar rateat which New Zealand Dollar to Zimbabwean Dollar will be exchanged for another. It is also regarded as the value of NZD to ZWD in relation to another currency. For example, an interbank exchange rate...
“Business is charging goods and services in US dollars, but does not want to peg salaries on the interbank rate. At least, we are agreed with government, which has proposed to peg the minimum on half of 75% of the PDL [poverty datum line] that was obtaining in August 2018. This give...
Although the official and parallel market exchange rates seemed to be nearing convergence in the second half of 2022, in December the premiums between the two markets started widening again. For instance, at one point in September last year, the interbank rate stood at $621,6 against the green...
“The rate has increased,” Hwende charged. “Many of them are affected by Nyaradzo (Funeral Services), which charges its rates in US dollars. “If they are paying US$20, it means that this month they will pay US$20 times $5 000 or R6 000 interbank rate and they lose all the mo...
RTGS), which is now “freely” floated and traded on the platform. While it was expected that the interbank would resolve issues around allocation and shortage of hard currency, it got off to a slow start as exporters tightly held to their funds amid concerns of perceived low interbank rate...