Tuesday 2 June 2020
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allafrica - 11 days ago

Zimbabwe: Fixed Exchange Rate - More Harm Than Good

[Zimbabwe Independent] The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of US$1 to ZW$25 on March 26, 2020. Two weeks earlier (on March 11), the Treasury department had announced the introduction of a managed floating exchange rate so as to bring the urgently needed efficiency and transparency to the interbank market.

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