Over US$5 Million Exchange Hands On First Day Of Trading

A Reserve Bank of Zimbabwe official told The Standard that only five banks used the interbank foreign currency market on the first day of trade on Friday.

At least US$5 million exchanged hands after the RBZ re-established the interbank foreign currency exchange system. Said the officials:

So far only five banks were by Friday trading on the interbank market as most of them are yet to upgrade their systems to accommodate US$ trade.

From the figures available, more than $5 million was traded at the opening of the interbank platform and with some big firms buying the USD$ and some selling it to banks.

The Rbz expects more to be traded this week as more banks were set to join after making improvements on their systems.

More: The Standard