The Interbank Rate Moves Up By 1.4%

The Reserve of Zimbabwe has revealed that the interbank rate has moved up by 1.4%. It rose to 3.3884 from 3.3393. The term interbank rate refers to the foreign exchange rates paid by banks when they trade currencies with other banks.

Meanwhile, there has been a big jump in the market today with rates moving up by 20%, Market Watch Zimbabwe can report.