Zimbabwe's new currency weakens on interbank market

📆 15/03/2019 03.00.00
📰 SowetanLIVE

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The value of that currency had held unchanged at 2.5 to the U.S. dollar since Feb. 22, leading to accusations the central bank was manipulating the exchange rate.

Zimbabwe's new currency traded at 2.7 against the U.S. dollar on the interbank market on Thursday, its weakest level since the central bank last month removed a peg for its surrogate bond notes and electronic dollars, official data showed.

Harare ditched the discredited 1:1 dollar official peg on Feb. 20, and merged the bond notes and electronic dollars into a transitional currency called the RTGS dollar. Banks are allowed to buy and sell U.S. dollars at 2.5 percent either side of that rate. Governor John Mangudya told parliament on Monday that he expected the RTGS dollar to weaken further by the time important tobacco auctions open next Wednesday.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Tulis Komentar

No shit

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Success of Zimbabwe's currency reform needs sound fiscal measures – IMF | IOL Business ReportZimbabwe is struggling to prop up its economy, weighed down by years of decline blamed on poor economic policies and political instability.
Sumber: IOL - 🏆 46. / 51 Baca lebih lajut »