RBZ launches 30-day ZiG term deposit facility

STAFF WRITER The Reserve Bank of Zimbabwe(RBZ) has launched a 30-day ZiG-denominated term deposit facility as it steps up efforts to mop up excess liquidity and bolster confidence in the Zimbabwe Gold currency. The ZiG Denominated Term Deposit Facility is designed as an open-market operations instrument that offers investors a positive real interest rate of…

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