<a href="https://www.pindula.co.zw/Reserve_Bank_of_Zimbabwe" rel="noopener noreferrer" target="_blank">Reserve Bank of Zimbabwe (RBZ)</a> governor <a href="https://www.pindula.co.zw/John_Mangudya" rel="noopener noreferrer" target="_blank">John Mangudya</a> has blamed some unscrupulous forex dealers who have manipulated the interbank market, causing it to lose momentum.
Speaking to Business Times,  expressed hope that the foreign currency trading platform will regain steam. He said:
<blockquote>It (interbank) was working very well until some (sentiment) went through the financial services sector and then we lost momentum and we are praying for it to come back again.</blockquote>
The interbank market was introduced in February this year and started trading at 2.5. However, the rate has plummeted to 15.7 while it is at 19.5 at the parallel market.
Mandgudya added that the 50 influential corporates, which account for ZWL$9.5bn of the ZWL$19bn deposits, should be monitored so that they do not manipulate the exchange rates and cause inflation.
<h4>More: <a href="https://businesstimes.co.zw/interbank-has-lost-steam-mangudya/" rel="noopener noreferrer" target="_blank">Business Times</a></h4>

Pindula News

Interbank Market Has Lost Momentum - Mangudya

itel A70 (128GB, 3GB)

itel A70 (256GB, 4GB)

Itel RS4 (256GB Storage, 8GB RAM)

Samsung Galaxy Tab A9 (64GB)

itel Smart Watch 1 ES

Itel P55 Plus (128GB, 8GB)

Tecno Spark 20 (128GB Storage, 8GB RAM)

Itel S23 (128GB, 8GB)

itel P55 5G (128GB, 6GB)

Itel P40 (64GB, 4GB)

Tecno Spark 20 Pro+ (256GB Storage, 8GB RAM)

Tecno Spark 20 (256GB storage, 8GB RAM)

Tecno Spark 20 Pro (256GB storage, 8GB RAM)

itel S23 Plus (128GB, 8GB)

Itel P40 Plus

itel S23 (256GB, 8GB)

Itel P40 (128GB)

itel P55 ( 128GB, 8GB)

Tecno Pop 8 (128GB, 4GB)

itel KeeKid KidPad 1 (64GB, 2GB)

Itel S23 Plus (256GB, 8GB)

Tecno Pop 8 (64GB, 3GB)

Tecno Spark 10c (128GB, 8GB)

Tecno Spark 10

itel A60s (64GB, 4GB)

Tecno Spark 10 Pro (256GB, 8GB)

itel A04

Itel A60s (128GB, 4GB)

Itel A60

Tecno Spark 10 Pro (128GB, 8GB)

Infinix

Redmi by Xiaomi

Sales

Leesa

Ruth

Limbikani

Limbikani Makani

Itel

Tecno

Samsung Mobile Phones

Suppliers of prepaid electricity split meters throughout Zimbabwe. Ideal for shared properties, landlords, tenants, shared business premises

Prepaid Electricity Split Meters

Anita

Products and Services for natural hair. Henna, Indigo, Hair Growth Oil,  Antibreakage Treatments,  Dandruff Treatments,  Deep Moisture Treatments.

Anita's Natural Hair Care

Basa redu tinohodhesa mabhero, mabhero emhando yepamusoro nemutengo wakanaka. We have a good reputation and customer yatatanga kudealer nayo todealer in the long run because of customer loyalty.

+263783405393

Trustworth Quality Bales 👚👖👗👕

Freight and custom clearance services locally, regionally and internationally. We offer freight services at strategic Southern African ports and borders.

Grey Freight Continental

Application error: a client-side exception has occurred (see the browser console for more information).