Real Time Gross Settlement

The Zimbabwe Revenue Authority says it will continue charging duty in foreign currency on goods designated to pay in forex despite the liberalisation of trading of the United States dollar exchange rate against Real Time Gross Settlement…
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Zimbabwe scrapped the peg between its quasi-currency bond note and the U.S dollar on Wednesday, its central bank governor said, potentially paving the way for its official currency exchange rate to slide sharply to match its value on the…
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MDC president Nelson Chamisa has called for the urgent removal of the bond note, saying the surrogate currency has worsened the economic crisis gripping the country.
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Like ducks to water, Zimbabwean retail banks are embracing technology to the point of doing away with paper transactions in their banking halls.
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