Reserve

Stabilize

Bank

<a href="https://bitcoinworld.co.in/zimbabwes-rbz-injects-50m-in-forex-market-to-stabilize-currency/" title="Zimbabwe’s RBZ Injects $50M in Forex Market to Stabilize Currency" rel="nofollow"></a>
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (<a href="https://www.rbz.co.zw">RBZ</a>), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy.&nbsp; 
This move comes as the parallel market exchange rate is significantly higher than the official rate, causing economic instability.&nbsp; 
The RBZ aims to increase foreign currency supply, reduce pressure on banks, and maintain currency stability through this intervention.&nbsp; 
The central bank expressed its commitment to ensuring currency and exchange rate stability, reflecting the recently introduced local currency’s widespread acceptance and adoption in the market. 
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Zimbabwe’s RBZ Injects $50M in Forex Market to Stabilize Currency

ItsBitcoinWorld

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