DOWNLOAD: RBZ Directive To Dealers On Establishment Of Interbank Forex Market

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The RBZ announced the establishment of the Interbank Foreign Exchange Market in the governor’s latest monetary policy statement on 20 February 2019.

The Directive in the download above was sent to Authorised Dealers and was introduced thus:

This Exchange Control Directive to Authorised Dealers is issued in terms of
Section 35 (1) of the Exchange Control Regulations, Statutory Instrument 109
of 1996 to provide Authorised Dealers with an administrative framework for
operationalizing the foreign exchange measures contained in the Monetary
Policy Statement announced by the Governor of the Reserve Bank of Zimbabwe
on 20 February 2019.

Authorised Dealers are therefore, required to acquaint themselves with the
provisions of this Exchange Control Directive to ensure effective implementation
and administration of the foreign exchange measures announced in the
Monetary Policy Statement.


More: RBZ

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