The Reserve Bank of Zimbabwe’s (RBZ) Financial Intelligence Unit (FIU) has put out a directive for banks to report those who are using local currency card swipe transactions to facilitate illegal USD exchanges. The statement by the FIU on card swipe for USD forex deals is as follows: ABUSE OF DEBIT CARDS TO FACILITATE ILLEGAL […]
It looks like the meeting that the Reserve Bank of Zimbabwe (RBZ) had with captains of industry has started a wider domino effect against those dabbling on the black market. According to a report by ZimPriceCheck, CBZ Bank will start reporting those suspected of illegal forex deals to the RBZ’s Financial Intelligence Unit. Reference is […]
The Reserve Bank of Zimbabwe (RBZ), the Ministries of Finance, and Industry and Commerce today had a meeting with captains of industry to deliberate on the matter of the exchange rate and the parallel market rate. Here’s the statement from the RBZ about the meeting and the resolutions that were arrived at: The Reserve Bank […]
We didn’t get a new price control or exchange rate Statutory Instrument (SI) but the Ministry of Finance delivered a strongly worded circular about how it is going to tackle the black market foreign currency issue in Zimbabwe. Before I go into what the title says, I have to start with the glaring problem with […]
From what have seen over the last week or so it is likely that the authorities are at the very least thinking about a new Exchange Rate or Price Control Statutory Instrument (SI). Last week the Reserve Bank of Zimbabwe (RBZ) named individuals who were involved in currency manipulation on social media. The central bank […]
Will rates fall & the black market die now that Bureaux de Change can now sell forex to individuals?
A hail Mary, wise decision or is this the RBZ trying to stop a hurricane with an electric fan?
The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 16.8890 ZWL$ to RAND: 0.8401 Data according to the Reserve Bank of Zimbabwe Black Market Rates: USD to ZWL$ zimrates.com 23.00 USD to ZWL$ zwl365.com 22.70 USD to ZWL$ bluemari.info 22.90 USD to BOND: zimrates.com 16.7 More: MarketWatch Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: […]
The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 16.8590 ZWL$ to RAND: 0.8515 Data according to the Reserve Bank of Zimbabwe Black Market Rates: USD to ZWL$ zimrates.com 22.90 USD to ZWL$ zwl365.com 22.70 USD to ZWL$ bluemari.info 22.70 USD to BOND: zimrates.com 16.7 Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): […]
The Reserve Bank of Zimbabwe revealed that the only way it can remove the black market is through controlling all the foreign currency in the economy. Appearering before Parliament’s Public Accounts Committee yesterday, RBZ deputy governor Kupukile Mlambo said ,as reported by Herald: The existence of a parallel market is a reflection of shortages in […]
Marketwatch is one of the online publishers of how the USD and other currencies are trading against the local currency on Zimbabwe’s diverse markets. Value of the Zimbabwe Dollar is measured in different ways by different people under different circumstances. The value has been fluctuating so much that the typical person in Zimbabwe will always […]