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*Mangudya Expects Official & Black Market Rates To Be At Par In 3 Months* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?lh Reserve Bank of Zimbabwe governor John Panonetsa Mangudya on Tuesday said that he expected the official exchange rate of the RTGS Dollar to converge with that on the black market within three months. According to a Reuters report, the value of that currency was on Tuesday trading at 3.3 against the U.S. dollar and at 5 to the dollar on the black market. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- Speaking in Harare on Tuesday, Mangudya said: > I think within three months we will have a convergence of these rates of parallel market and interbank market rate. Mangudya has vehemently denied reports that the Central Bank is manipulating the official exchange rate. President Emmerson Mnangagwa on Tuesday extended Mangudya’s contract with another 5 years. *Related:* *Captains Of Industry Say Manipulation Of Interbank Market Should End* *FULL THREAD: Why The InterBank Market is a Missed Opportunity* *Companies Struggling To Buy Forex At Official Rate – Mangudya* *New Monetary Policy Good, But Government Not Trusted Anymore: Business* *RTGS Dollar Weakens On Interbank Market* *Olivine Struggling To Access Forex On The Interbank Market* More: Reuters _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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