US$45 Million Traded On Interbank Forex Market- Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says US$45 million has been traded over the past three weeks of the interbank forex market. This is a 25% increase in the average weekly trades compared to last month.

Said Mangudya:

We have noticed a significant improvement since the launch of the interbank forex platform, with trades amounting to US$45 million over the past three weeks

Last month, the RBZ made the local currency legal tender and created an official foreign currency exchange market to enable companies to easily buy foreign currency from willing sellers.

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