Parallel Market - The Zimbabwe Independent

Topic : Parallel Market

Currency Market Weekly Review

The parallel market activity is driven by formal market liquidity, which is beginning to spike, plus a degree of speculation on money supply.

By Respect Gwenzi Aug. 4, 2023

Zimdollar collapse a harbinger of worse things to come

On the parallel market, the Zimbabwe dollar depreciated almost similarly by 33% to $4 000, against the greenback, in the same timeframe.

By Newsday May. 26, 2023

Zimdollar collapse a harbinger of worse things to come

Candid Comment: Runaway black market rate spells doom for economy

This week parallel market dealers were buying US$1:ZW$2 000 and selling at US$1:ZW$2 200.

By Tinashe Makichi May. 5, 2023

Candid Comment: Runaway black market rate spells doom for economy

A comprehensive approach needed to promote economic stability

If the formal market continues to depreciate at its current pace, the gap between the parallel and auction markets may widen in the coming weeks.

By Respect Gwenzi Apr. 28, 2023

A comprehensive approach needed to promote economic stability

The hits and misses of 2022 (II)

OUR analysis of the surprise announcements presented by the president on the evening of May 7, 2022 proved to be spot on.

By Tafara Mtutu Dec. 23, 2022

Currency market under pressure

While this is happening, the auction market remains relatively stable weakening in each respective session albeit at fading margins.

By Respect Gwenzi Nov. 11, 2022

Exchange rate stability false, economists warn

Economist Victor Boroma said the shortage of the local currency on the market was detrimental to consumer confidence

By Tapfumanei Muchabaiwa Sep. 15, 2022

Exchange rate stability false, economists warn

Bankers sweat over forex crackdown

Sources who attended the meeting said Reserve Bank of Zimbabwe governor (RBZ) John Mangudya blamed the banks for not reporting suspicious transactions.

By The Independent Oct. 17, 2021

Bankers sweat over forex crackdown

Sources who attended the meeting said Reserve Bank of Zimbabwe governor (RBZ) John Mangudya blamed the banks for not reporting suspicious transactions.

By The Independent Oct. 17, 2021