The interbank foreign currency trading market advanced by a margin of around 30 percent yesterday to reach ZWL$ 24.32 against the American dollar (USD) from ZWL$ 18/USD previous day as it moves to narrow the gap with the parallel market exchange rate. This is the first
Reserve Bank of Zimbabwe (RBZ) has come under fire over inefficiencies in the operations of the inter-bank foreign exchange market arising from alleged manipulation of the exchange rates by the Central Bank, 263Chat Business can report. The inter-bank market was established last year to create a
A total of US$ 1.5 billion was traded on the interbank foreign exchange market during its initial 11 month period to 31 December 2019, the Reserve Bank of Zimbabwe has said. The interbank market was introduced late February last year as a mechanism to formalize illicit
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