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Maroc Maroc - SUNDAYNEWS.CO.ZW - A la Une - Hier 15:38

Exchange rates are controlled by banks, not businesses-RBZ

Faith Ndlovu, Sunday News Reporter The Reserve Bank of Zimbabwe (RBZ) has said the exchange rate is determined by banks, based on supply and demand in the foreign exchange market, under the “Willing-Buyer, Willing-Seller” system. According to a statement by the RBZ Governor, John Mushayavanhu said that only banks participating in the interbank market are […]

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