Black market rates SHOOT UP

“Govt The Main Driver Of Black Market”: MDC’s Tapiwa Mashakada

Black market rates SHOOT UP

The foreign exchange rate on the parallel market rate is reportedly rising amid speculations that the Reserve Bank of Zimbabwe (RBZ) intends to liberalize the local currency.

“Govt The Main Driver Of Black Market”: MDC’s Tapiwa Mashakada

On the streets of Harare, USD$10 was selling at ZW$283 today Saturday, 15 February 2020.

Yesterday’s reports from three research institutions mentioned below suggest that the rate on the parallel market was around 27.50, on average whilst the Old Mutual Implied Rate (OMIR) was at 43.7.

See reports below:

USD = ZWL$ zimrates 28.00
USD = ZWL$ zwl365 27.50
USD = ZWL$ bluemari 27.40
USD = BOND zimrates 21.80

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