The black market exchange rates took lost momentum over the past wee following the gazetting of a Statutory Instrument outlawing the multicurrency basket, but the rates seem to be on the climb yet again.
However, as the black market exchange rate tumbled, the interbank exchange rate picked up pace, with some banks buying US dollars at better rates than the parallel market.
As of this Thursday morning, the bank exchange rates for the ZWL$ are as follows:
1USD = ZWL$8.5857
1ZWL$ = RAND1.6371
Source: Reserve Bank Of Zimbabwe
Black Market Rates:
1USD = ZWLS$10.3
1USD = BOND8.8
ZWL$ = RAND1.36