Zimbabwe forex auction rate remains above interbank rate

The Zimbabwe foreign currency auction rate today remained above the interbank rate which fell to $304.4223 to the United States dollar against yesterday’s auction rate of $308.5201. The black market rates remained unmoved at $360 for cash to $450 for swipe and zipit transactions. The interbank rate is based on a willing-seller-willing buyer concept, making … Continue reading Zimbabwe forex auction rate remains above interbank rate