INTERNET PROVIDERS PEG SERVICES IN FOREX

ZIMBABWE’s major internet service providers have pegged
their broadband services in United States dollars in response to measures
announced in the 2019 Monetary Policy Statement (MPS) presented in February.

In the MPS, Reserve Bank of Zimbabwe (RB…

ZIMBABWE’s major internet service providers have pegged their broadband services in United States dollars in response to measures announced in the 2019 Monetary Policy Statement (MPS) presented in February. In the MPS, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya re-introduced the inter-bank market, shifting from the 1:1 rate between the US$ and the RTGS dollar. The MPS