Zimbabwe's interbank market needs refinement

Local Industries claim they are yet to realise the benefits of the recently introduced interbank foreign currency market, as they continue to struggle accessing hard currency. The interbank market was...

By Staff reporter | Published: 04 October 2019


Bureaux de change align rate to interbank

Government, through the Reserve Bank of Zimbabwe (RBZ), has moved to refine the operations of bureaux de changes to align their foreign currency exchange rate with that of the official interbank marke...

By Staff reporter | Published: 24 September 2019


US$645m traded on interbank market

About US$645 million has been traded on the interbank market since the platform was established in February this year, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said. "As at the end...

By Staff reporter | Published: 09 July 2019


Interbank rate overtakes black market

THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the use of mu...

By Staff reporter | Published: 03 July 2019


'Govt not interfering with interbank market rate'

INDUSTRY and Commerce minister Mangaliso Ndlovu, pictured, has allayed fears government is interfering with the interbank market exchange rate saying such accusations are unfounded. This comes after c...

By Staff reporter | Published: 01 May 2019


'Private sector frustrates interbank system'

INDUSTRY and Commerce Minister Mangaliso Ndlovu has blamed the private sector for frustrating the success of the interbank foreign currency market by shifting goal posts and blaming Government for the...

By Staff reporter | Published: 30 April 2019


'Address interbank market glitches'

The Government should address glitches in the interbank market system to help stabilise prices of basic commodities, manufacturers and retailers have said.This follows Vice President Dr Constantino Ch...

By Harmony Agere | Published: 28 April 2019


Zimbabwe industry frets over interbank forex market

INDUSTRY has called on government to fine-tune the interbank currency market for foreign exchange, saying the current conditions are not favourable to both buyers and sellers.The government launched t...

By Staff reporter | Published: 28 April 2019


'Interbank market being manipulated'

CAPTAINS of Industry have implored government to allow free and efficient functioning of money markets amid fears the interbank market is being manipulated.Confederation of Zimbabwe Industries (CZI) p...

By Staff reporter | Published: 26 April 2019


Interbank market resumes

Zimbabwe has reintroduced a $200 million interbank market, six years after the facility was abolished.The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, said in his 2015 monetary policy state...

By Staff reporter | Published: 07 June 2015


Interbank facility operational soon

THE interbank market will soon be operational amid indications banks will receive the facility agreements next week.The new Bankers Association of Zimbabwe (Baz) president, Sam Malaba said the Afrexim...

By Staff reporter | Published: 09 May 2014


Interbank facility won't solve Zim liquidity crisis

THE $100 million interbank loan facility granted to Zimbabwe by the Africa Export and Import Bank (Afrexim Bank) will not solve Zimbabwe's liquidity challenges, economists say.Analysts said recapita...

By Staff reporter | Published: 31 March 2014


Tough terms for interbank

THE collateral required by the Africa Export and Import Bank may sideline many banks willing to participate on the interbank market, banking sources said yesterday.Afreximbank is the guarantor of the ...

By Martin Kadzere | Published: 18 March 2014


Interbank facility revived

The Africa Export Import Bank (Afreximbank) says it has finalised a $100 million facility with the government to revive the interbank trading system next month.In a development that is expected to eas...

By Staff reporter | Published: 11 February 2014

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