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*Industry Calls For Transparency On The Interbank Market* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qs Captains of industry said that there is a need for honesty on the interbank market as foreign currency remains inaccessible. Dairiboard Zimbabwe Limited chief executive, Anthony Mandiwanza, noted that foreign currency is not accessible at the quoted rate, which he said will lead to speculative behaviour. He said: ---------- Latest itel A06 on Pindula: 32GB storage, 4GB RAM $69 USD WhatsApp: +263715068543 Calls: 0772464000 ---------- > There is a need for more interbank transparency, we are not accessing the foreign currency as we anticipated when the interbank market was introduced. > At times the foreign currency is not accessed at the quoted rate (amount), which is a precursor for speculative behaviour in the economy. The interbank market was introduced in February this year by the Reserve Bank of Zimbabwe on a willing-seller, willing-buyer basis. It has, however, failed to eradicate the parallel market where forex is readily available but at a high cost. More: The Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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