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The USD:RTGS Rate Keeps Getting Crazy, Keep Up With It Easily On WhatsApp

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Zimbabwe Hyperinflation money changer dealer forex trader

When the interbank foreign currency market was introduced we all kind of knew that it was never going to match or replace the parallel market for the trading of forex.

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The RBZ governor introduced the rate at USD/RTGS 1:2.5 and claimed that the parallel market rate which was 1:4 would come down. We called this ambitious and the few months of history between then and now prove that ambitious was a gross understatement.

Now, unfortunately we all have to keep chase of at least four rates:

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  • The Black Market USD:RTGS rate: The most important since most of our money is in mobile wallets and bank accounts
  • The Black Market USD:Bond rate: You get a lil more USD if you have bond notes cash but these are are more scarce than USD notes if you ask me
  • The Interbank USD:RTGS rate: We just follow this to see how wide the gap is between our reality and the lala land the authorities reside in. We also follow it to estimate how much companies like ZOL will charge us.)
  • The Old Mutual Implied Rate OMIR: Well this one is usally close to the black market action, sometimes below, sometimes above. It just tell;s us that the formal economy agrees more with the black market than with the government.

We give you all the rates easily on WhatsApp

So to easily check the current rates at any time just save the Techzim Market number: 0719696102. Anytime you want some bit of stress and know what’s happening with the RTGS$ in your account just WhatsApp the word Rate to that number.

The shortcut link to do this right now: http://wa.me/263719696102?text=Rate

Don’t say ‘we don’t got you…’


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6 thoughts on “The USD:RTGS Rate Keeps Getting Crazy, Keep Up With It Easily On WhatsApp

    1. Hi Tatenda. We have quite a number of groups but they mostly discuss tech and sometimes a bit of the economy. However, here we thought we could give you a number that will be ‘a friend in your contacts’ who gives you this critical info whenever you need it

        1. Hey Dave, you can add yourself by clicking on the WhatsApp link just above this comment section. If the particular group is full, you can reach out to the number given there

  1. When the president thinks that the rtgs is trading against the dollar for less than the rand .. what chance do we really stand .. I mean wtf??

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