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Interbank rate overtakes black market

THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the use of multiple currencies through new regulatio…

Published: 03 Jul 2019 at 08:25hrs | 1954 | by Staff reporter

Fuel procurement now via interbank rate

GOVERNMENT has, with immediate effect, removed the 1:1 foreign currency exchange rate for the procurement of fuel by Oil Marketing Companies (OMCs), which will result in the interbank market being used. Reserve Bank of Zimbabwe (RBZ) Gover…

Published: 21 May 2019 at 06:19hrs | 686 | by Staff reporter

Zimbabwe banks must support the interbank trading

THE interbank market, revived by the Reserve Bank of Zimbabwe (RBZ) recently, has gotten off to a slow start because the majority - if not all the banks - are still in the process of putting their systems in place.In its monetary policy st…

Published: 24 Mar 2019 at 14:11hrs | 5 | by Andrew Lampard

Can the interbank FX market end the black market?

The recent monitory policy statement announcement by the Reserve Bank of Zimbabwe (RBZ) paved way for the re-introduction of the Interbank Foreign Exchange market as recommended by industry captains who had been advocating for an open mark…

Published: 04 Mar 2019 at 10:09hrs | 2394 | by Victor Bhoroma

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Search / Interbank

Interbank rate overtakes black market

Fuel procurement now via interbank rate

Zimbabwe banks must support the interbank trading

Can the interbank FX market end the black market?

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