“Zimbabwe has had no transparent and effective foreign exchange trading platform for a long time. Consequently, official rates have not been effectively determined, while a thriving parallel market has developed. To correct this anomaly, an electronic forex trading platform based on the Reuters system is being immediately put in blogger.comted Reading Time: 3 mins 27/2/ · HARARE (Reuters) - Zimbabwe’s central bank has sold up to $20 million to banks for trading on a newly-launched forex interbank market, but Estimated Reading Time: 3 mins 15/3/ · 36, Zimbabwean Dollars. Fastest Growing Broker in Zimbabwe*. Avatrade. In this article, we will share tips and list the best Forex trading platforms and sites that allow Zimbabwean traders to trade in Stocks, Shares, Indices, Binary Options, CDFs, ETFs, Forex Estimated Reading Time: 6 mins
What Will The New Reuters-Based Interbank Platform Do Differently? - Techzim
By clicking 'SIGN-UP' you agree to our Terms of Service. Zimbabwe introduces Reuters system for forex trading. This was announced by the Minister of Finance and Economic Development, Professor Mthuli Ncube during a news briefing in Harare for the introduction of the currency stabilisation task force.
In this reuters forex trading platform zimbabwe, the government is taking measures to stabilise the exchange rate and to bring down inflation to sustainable levels in order to achieve macroeconomic stability. In order to stabilise the exchange rate and hence, lower inflation, the government has decided to implement a holistic package of key policy measures. In this regard, a currency stabilisation task force has been set up," he said.
The floating exchange rate system will be introduced with the participation of financial institutions and bureaux de change. Consequently, official rates have not been effectively determined, while a thriving parallel market has developed. To correct this anomaly, an electronic forex trading platform based on the Reuters system is being immediately put in place. This platform will allow foreign exchange to be traded freely amongst banks and permit a true market exchange rate to be determined.
The bureau de change will also participate on this platform through their authorised dealers. The trading rules of the bureau reuters forex trading platform zimbabwe change are being liberalised so that they can conduct a wider range of transactions," he said.
In the floating system, the Reserve Bank of Zimbabwe will remain a significant player in the market through the provision of liquidity to reuters forex trading platform zimbabwe the exchange rate while also tightening its screws on mobile money platforms.
Additionally, the daily returns being submitted by the mobile platforms for the financial intelligence Unit of the RBZ will be scrutinised very carefully by the currency stabilisation Taskforce to ensure that all transactions are legitimate and are in accordance with the financial regulations in place," said Professor Ncube. The currency stabilisation task force will be spearheaded by the Ministry of Finance and Economic Development and the Reserve Bank of Zimbabwe and will include members of the Monetary Policy Committee and the Presidential advisory council, reuters forex trading platform zimbabwe.
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, time: 6:47Zimbabwe sold up to $20 million to banks for trade on new forex platform - sources | Reuters
11/3/ · GOVERNMENT has introduced a Reuters system for foreign currency trading which allows banks to trade freely as a way of stabilising the exchange rate as well as Bulawayo24 NEWS News Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a 15/3/ · 36, Zimbabwean Dollars. Fastest Growing Broker in Zimbabwe*. Avatrade. In this article, we will share tips and list the best Forex trading platforms and sites that allow Zimbabwean traders to trade in Stocks, Shares, Indices, Binary Options, CDFs, ETFs, Forex Estimated Reading Time: 6 mins
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