Mthuli Ncube ‘liberalises’ exchange rate system

FINANCE minister Mthuli Ncube has announced “a managed and floating exchange rate” as well as immediate introduction of a Reuters electronic trading, in a bid to shore up the floundering local currency and arrest runaway inflation. But by end of the day yesterday, the official interbank market rate — which has partly been controlled by…

Subscribe to read full article. Subscribe today

Related posts

Capital crunch stifling growth

Matabeleland South inflation highest in Zimbabwe

Interest rates ‘still too high

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More