Zimbabwe: Only the Interbank Market Sets the Official Rate

Zimbabwe: Only the Interbank Market Sets the Official Rate

THE Reserve Bank of Zimbabwe (RBZ) has said only the interbank market has the authority to determine the official rate, clearing the confusion around the interpretation of market-determined exchange rates.

Zimbabwe "imposes" backdoor price controls amid currency confusion – Nehanda Radio

HARARE - The Reserve Bank of Zimbabwe (RBZ) is facing criticism from economists and market analysts who accuse it of implementing de facto price controls through its recent directives on exchange rate determination. The post Zimbabwe “imposes” backdoor price controls amid currency confusion appeared first on Nehanda Radio.

Exchange Rate U-Turn: RBZ now says businesses can only use the official rate - Zimpricecheck

In Zimbabwe's fast-paced economic environment, policy pronouncements can shift in a matter of hours, creating confusion and uncertainty for businesses and consumers alike. Yesterday, we reported on what appeared to be a significant liberalisation of exchange rate policy, with Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu seemingly giving businesses the