Thursday 13 December 2018
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businessdaily - 7 month ago

US dollar, RTGS not at par, says CZI

PEGGING the greenback to Real Time Gross Settlement (RTGS) balances and bond notes on a one-to-one basis does not reflect the true value of the US dollar, the Confederation of Zimbabwe Industries (CZI) has said. In an exclusive interview with The Financial Gazette, CZI president Sifelani Jabangwe, who is on record calling for open market currency trading, said Zimbabweans had foreign currency unde...

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