So how do you explain this dramatic firming?.... You mean the green back has been dumped? Come on!

Gvt is forcing businesses to pay taxes in Zim$ that's in a way dumping the US$. How did Russia manage its currency after the sanctions? They just said their oil and gas will be sold in local currency and not the US$. In effect it reduced the use and demand of the US$ and increased the use and demand of its own currency. The ruble is now very stable. If you go to SA you will not be able to pay for goods and services in US$. They force you to sell your US$ for the Rand at the bank rate. That in effect increases the demand for the Rand and helps maintain its value

Nope, you call that dumping the Usd? The scheme is meant to mope up the green back into the reserve bank by forcing business to change their hard currency into the RtgsBondDollar at a premium at the bank . That's the trick baba, but it won't be for too long.

Our exchange rate has nothing to do with our exports and imports and this happens a lot in many countries. Angola is exporting lots of oil so does Nigeria but look at their exchange rates. At one time in South Africa they fired a minister of finance and appointed another, the Rand plummeted. Did the appointment of the new minister change the export/import? Exchange rates are managed all over the world since we abandoned the gold standard. You set your own rate or other people will do it for you and for the poor countries the rates will never be favorable. There is a reason countries have their own currencies

In a country like Zim, managing capital flight is important. Investor confidence had to be prioritized. In countries like Nigeria, it's not only oil they are trading with but human capital... It brings much needed forex into their fiscus. Zimbabwe also falls under that category, the diaspora remittances can see the RtgsBondDollar getting a bit of a life. Zim goods might not be competitive on the international market, the governor might devalue the currency to promote ease of trade. That is the only manipulation, never would it be firmed for prestige like what's happening right now.

ita mushe iwe wakaroiwa newaka

Japan is a massive exporter of her human capital and technology, and is a massive importer of resources, it's just a mere island that depends much on its multinational investments. That's why it has a strong economy.

You just like suffering hanty? Applaud something positive no matter if it will be ephemeral or not. Zimbabweans are too cynical

All exchange rates are fictitious and staged especially for third world currencies. Japan has a very strong economy but loot at the dollar / yen rate. All economies fix rates for various reasons. Svinurai

Chii chatengesva, chapfemesa Zim RtgsBondDollar, just think... it can't be from nowhere. The goldmafia might have discreetly injected their loot directly into the economy so that things look as if they're doing something.

@Maparamuro, can you juet admit kuti things are not going thr way you CCC people wanted i.e downhill. You always want things to go bad it's a disease. Now, economies like Japan are massive exporters and they tend to accumulate a lot of forex just like Taiwan who has the 4th maybe 5th largest forex reserves. This too has consequences on the local currency. I'll explain to you in full why let sometimes liberate their exchange. I woulfneed an entire page lol. Those currencies just have higher number but it means nothing cause it retains its purchasing power. It's not abiut thr numbers its about the power

Hahaha, don't believe you arw told. Mugano said the economywill crash by June😂 but look we are still kickinh and the currency is gaining value. Muchaguta nayo government ye Zanu l know hamudi kuti iite something positive but ndoopamuno nyurira ipapa😂

Dream on blue, our Zim dollar is a disgrace.

Blue liar .......