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
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More