Home
About
Contact
Register
Login
Generate
WhatsApp Message
*RBZ Denies Fixing RTGS Dollar Exchange Rate* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?xz Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Thursday denied fixing the exchange rate of the RTGS dollar. Mangudya said this when he appeared before a parliamentary committee. The value of the RTGS dollar which authorities said they would float, has held unchanged at 2.5 to the U.S. dollar since February 22. Concerns Government is resisting moves to allow a further devaluation of the RTGS dollar has discouraged those holding U.S. dollars from selling them at the prevailing rate. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- Ministry of finance secretary George Guvamatanga said the market will determine the devaluation of the RTGS dollar. He told the committee that volumes traded on the black market were thin and that if rates on the forex interbank market rose too high, very few businesses could afford to buy dollars. More: Reuters _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Feedback