News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Interbank Market Goes Higher Than Parallel Market Rate* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?sc A recent survey has revealed that the interbank market rate has gone higher than the parallel market rates. Some banks are reportedly offering more in local currency for those exchanging foreign currency. This follows the introduction of Statutory Instrument 142 of 2019 which bans the use of all foreign currencies for domestic transactions. The SI also reintroduced the Zimbabwe dollar. ---------- *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 ---------- The Herald reports that when the SI was introduced, the black market rate was at US$1:$13,5 while the interbank rate was at US$1:$6,3. A recent survey by the publication revealed that the interbank rate was floating around US$$1:$8,9. NMB Bank was on Monday paying ZW$8.9337 for US dollar. It was also selling US$1.00 at ZW$9.4863. This is higher than that of the parallel market rate that had fallen to US$1:$7,3 for electronic transactions. The black market rate was even lower for cash transactions, fetching a maximum of US$1:$6,50. More: The Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback