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. 
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Zimbabwe’s RBZ Injects $50M in Forex Market to Stabilize Currency

ItsBitcoinWorld

Další články publikované 28. 7. 2024

Teen Among Four Arrested in HK$11M Hong Kong Crypto Fraud Bust

Dogecoin (DOGE) Sees Massive 146% Surge in Key Metric: Details

The Inspiring Journey of Joyce Kim: From Lawyer to Blockchain Leader

Lido DAO To WorldCoin: Looking at This Week’s 3 Top Crypto Losers

Crypto-AI Startup CYBRO Releases DApp for Enhanced DeFi Earnings – What Does It Mean For Market A...

Trump Fuks Kamala (TRUMPKAM) Solana Memecoin Will Explode Over 19,000%, As SHIB and Dogecoin Unde...

Join our free newsletter for daily crypto updates!