RTGS FCA Archives | 263Chat, Convening dialogue in Zimbabwe

Reserve Bank of Zimbabwe (RBZ) has revealed that the formal use of the Real Time Gross Settlement (RTGS) dollars as a unit of account and settlement currency will help eliminate multiple pricing and other distortions; while preserving foreign currency for foreign payments. Addressing a Minex stakeholder

Business

Scramble For Equities As Investors Run Away From New Monetary Measures

October 16, 2018

author: Jeoffrey Ncube

Government pronouncements that separated nostro foreign currency from Retail Time Gross Settlements has resulted in high demand for equities on the Zimbabwe Stock Exchange as investors unwound RTGS balances for securities, a stock broker has revealed. According to EFE Securities, the primary All Share Index was up