Zimbabwe: UPDATED: RBZ Floats US$ Exchange Rate

20 February 2019

The Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against Real Time Gross Settlement (RTGS) balances, bond notes and all currencies in the multi-currency basket as it seeks to formalise trade in foreign currency.

The US dollars in the new market will be retained export earnings, with the remainder continued to be allocated by the Reserve Bank for essential goods and services.

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