Interbank market gets US$35m

According to the Reserve Bank of Zimbabwe (RBZ), the new regulations are meant to strengthen the use of local currency in the economy at the same time building the country’s foreign exchange reserves in its vaults.

THE Reserve Bank of Zimbabwe (RBZ) says it injected about US$35 million into the interbank foreign exchange market last month to meet the growing demand for hard currency.The central bank has previously said its participation in the interbank market has helped to complement the supply of foreign currency by authorised dealers to meet demand by…

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