$500M TO STABILISE EXCHANGE RATE: RBZ

The Reserve Bank of Zimbabwe (RBZ) says it will continue to
pursue confidence building measures and is optimistic the recently secured
US$500 million interbank facility will go a long way in stabilising the
exchange rate.

The country’s apex bank m…

The Reserve Bank of Zimbabwe (RBZ) says it will continue to pursue confidence building measures and is optimistic the recently secured US$500 million interbank facility will go a long way in stabilising the exchange rate. The country’s apex bank maintained that the inter-bank market remains critical in correcting price distortions in the foreign exchange market and restoring domestic