The Reserve Bank of Zimbabwe (RBZ) through the Monetary Policy Committee (MPC) has finally admitted that market forces are indeed supreme.
The MPC says with effect from 7 June 2023, the central bank shall sell foreign currency at the market-determined exchange rate.
This is to be done through banks to support and strengthen the foreign exchange interbank market, and banks shall in turn sell the foreign currency to their customers.
Zwnews
