The foreign exchange rate on the parallel market rate is reportedly rising amid speculations that the Reserve Bank of Zimbabwe intends to liberalise the local currency.
Yesterday’s reports from three research institutions mentioned below suggest that the rate on the parallel market was around 27.50, on average whilst the Old Mutual Implied Rate (OMIR) was at 43.7. See reports below
USD = ZWL$ zimrates 28.00
USD = ZWL$ zwl365 27.50
USD = ZWL$ bluemari 27.40
USD = BOND zimrates 21.80