Zimbabwe Injects $50M in Forex Market to Stabilize Currency

0
19

Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel market exchange rate is significantly higher than the official rate, causing economic instability. The RBZ aims to increase foreign currency supply, reduce pressure on banks, […]
Credit: Source link

ads

LEAVE A REPLY

Please enter your comment!
Please enter your name here