‘Rocketing exchange rate not reflective of economic fundamentals’

October 30, 2021Last Updated: October 30, 2021

1 minute read

PHILLIMON MHLANGA IN VICTORIA FALLS The Reserve Bank of Zimbabwe (RBZ) on Friday said rocketing parallel market exchange rate is not reflective of the economic fundamentals of demand and supply. Zimbabwe has in the past weeks experienced punitive exchange rate in the parallel market. The exchange rate in the parallel market is hovering around ZWL$180:US$1…

Subscription Required

Subscribe to read full article.

Join Now

Already a member? Log in here

October 30, 2021Last Updated: October 30, 2021

1 minute read

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Functional

Performance

Analytics

Others

‘Rocketing exchange rate not reflective of economic fundamentals’

Subscription Required

Related

Concern over rising cases of GBV

MPs fret over PSMAS rot

Harvesting from an unlikely source

ZACC probes Harare over US$200m deal

ED hands Mutinhiri diplomatic post

Munetsi’s Wolves stay in doubt

Subscription Required

Related

Adopt digital solutions to survive turbulent times, ED tells business

New education system bearing fruit

Related Articles

Preserve fiscal prudence

ZiG switch hinges on two hurdles

Commercial paper rollovers trigger banking sector disquiet

RBZ deploys US$2.1bn into forex market

Concern over rising cases of GBV

MPs fret over PSMAS rot

Harvesting from an unlikely source

ZACC probes Harare over US$200m deal

ED hands Mutinhiri diplomatic post

Munetsi’s Wolves stay in doubt