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 ...
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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...
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
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 Tobacco Industry and Marketing Board (TIMB) and the Reserve Bank of Zimbabwe also re-affirmed their commitment to give farmers their entitlement of 50 percent payment in US dollars in their Nostro FCA and the remainder in local unit at the ruling interbank rate. ...
annual inflation rate hovering at around 1,000 percent has seen unemployment levels rise above 70 percent, and shortages of foreign currency have caused food, fuel and electricity to become scarce commodities. The first beneficiary of the initiative will be an Indonesian company ...
The Apex Council said the move by Prof Ncube effectively pre-empts and nullifies the NJNC. Prof Ncube has not ruled out further increases, only the effective setting of salaries in US dollars translated at the interbank rate into the actual Zimbabwe dollar payments. No related posts....
market price or exchange rate. If we cannot introduce all the measures required to achieve this in a short period, then what we must do is take the currency being liquidated on a compulsory basis, and allow the banks to sell that currency, in ZIG on the interbank market, without restraint...
1 with the US dollar to the levels prevailing today of 3,1:1 on the official interbank market and 4,5:1 on the open market means that prices have had to rise by three to four times. Many firms have increased salaries, but the changes have been marginal. Fuel prices were first, ...