Zimbabwe will adopt a "managed float" exchange rate regime, Finance Minister Mthuli Ncube said on Wednesday, abandoning strict control of foreign exchange by the central bank in the latest in a series ...

As of 21 April 2023, the Reserve Bank of Zimbabwe’s (RBZ) exchange rate stood at ZW$982. The black market rate is currently as high as ZW$1900, a huge cap that diminishes foreign investors’ appetite.

HARARE (Reuters) - Zimbabwe is working on new measures to stabilize its local currency including linking the exchange rate to hard assets such as gold and creating a currency board, Finance Minister ...

Zimbabwe liberalized its foreign-exchange market and raised interest rates, among a new raft of measures aimed at stabilizing the nation’s currency and reining in resurgent inflation. The central bank ...

Some sources report currency trades in the Harare black market where the dollar has fetched 10 rand or a rate of 10 US cents per rand - in normal foreign exchange market terms an extraordinary premium ...

HARARE, March 18 (Reuters) - The official exchange rate for Zimbabwe's dollar fell 32% on Wednesday against the greenback, its biggest daily fall since the minister of finance announced last week that ...

HARARE, Sept 27 (Reuters) - Zimbabwe's central bank allowed the local gold-backed currency to fall over 40% against the dollar on Friday and hiked its policy rate, giving in to weeks of sustained ...