RBZ eases grip
…scraps heavy-handed currency policing …as market forces take over
LIVINGSTONE MARUFU The Reserve Bank of Zimbabwe (RBZ) has abandoned its heavy-handed approach to exchange rate enforcement, marking a decisive policy shift that authorities believe will foster market stability, rebuild business confidence, and allow the new currency, Zimbabwe Gold (ZiG), to establish itself under genuine market conditions. The U-turn, formalised through Statutory Instrument 34 of…
