Reuters forex trading platform zimbabwe

Reuters forex trading platform zimbabwe

3 hours ago · Zimbabwe's central bank has ordered banks to freeze bank accounts for two years for 30 people it has accused of promoting and facilitating illegal foreign currency trading “Zimbabwe has had no transparent and effective foreign exchange trading platform for a long time. Consequently, official rates have not been effectively determined, while a thriving parallel market has developed. To correct this anomaly, an electronic forex trading platform based on the Reuters system is being immediately put in blogger.comted Reading Time: 3 mins Reuters forex trading platform zimbabwe. 3/11/ · Zimbabwe has had no transparent and effective foreign exchange trading platform for a long time. Consequently, official rates have not been effectively determined, while “Zimbabwe has had no transparent and effective foreign exchange trading platform for a long time

Government introduces Reuters system for forex trading - ZBC NEWS

Zimbabwe introduces Reuters system for forex trading By Staff reporter 11 Mar at hrs. This was announced by the Minister of Finance and Economic Development, Professor Mthuli Ncube during a news briefing in Harare for the introduction of the currency stabilisation task force. In this regard, the government is taking measures to stabilise the exchange rate and to bring down inflation to sustainable levels in order to achieve macroeconomic stability.

In order to stabilise the exchange rate and hence, lower inflation, the government has decided to implement a holistic package of key policy measures. In this regard, a currency stabilisation task force has been set up," he said. The floating exchange rate system will be introduced with the participation of reuters forex trading platform zimbabwe institutions and bureaux de change.

Consequently, official rates have not been effectively determined, while a thriving parallel market has developed. To correct this anomaly, an electronic forex trading platform based on the Reuters system is being immediately put in place.

This platform will allow foreign exchange to be traded freely amongst banks and permit a true market exchange rate to be determined. The bureau de change will also participate on this platform through their authorised dealers. The trading rules of the bureau de change are being liberalised so that they can conduct a wider range of transactions," he said.

In the floating system, reuters forex trading platform zimbabwe, the Reserve Bank of Zimbabwe will remain a significant player in the market through the provision of liquidity to stabilise the exchange rate while also tightening its screws on mobile money platforms. Additionally, the daily returns being submitted by the mobile platforms for the financial intelligence Unit of the RBZ will be scrutinised very carefully by the currency stabilisation Taskforce to ensure that all transactions are legitimate and are in accordance with the financial regulations in place," said Professor Ncube.

The currency stabilisation task force will be spearheaded by the Ministry of Finance and Economic Development and the Reserve Bank of Zimbabwe and will include members of the Monetary Policy Committee and the Presidential advisory council. LATEST NEWS. Vandals derailing telecoms growth, says Potraz.

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Metatrader 4 Forex Trading Platform Analysis - Webinar 01-08-2021

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Zimbabwe blogger.com to freeze bank accounts over illegal forex deals | Reuters

3 hours ago · Zimbabwe's central bank has ordered banks to freeze bank accounts for two years for 30 people it has accused of promoting and facilitating illegal foreign currency trading “Zimbabwe has had no transparent and effective foreign exchange trading platform for a long time. Consequently, official rates have not been effectively determined, while a thriving parallel market has developed. To correct this anomaly, an electronic forex trading platform based on the Reuters system is being immediately put in blogger.comted Reading Time: 3 mins Reuters forex trading platform zimbabwe. 3/11/ · Zimbabwe has had no transparent and effective foreign exchange trading platform for a long time. Consequently, official rates have not been effectively determined, while “Zimbabwe has had no transparent and effective foreign exchange trading platform for a long time