Bank Rates
The current bank exchange rates for the RTGS$ today are as follows
- RTGS$ to USD: 2.9399
- RTGS$ to RAND: 4.8371
Data according to the Reserve Bank of Zimbabwe
Black Market Rates:
- RTGS$ to USD: 3.75
- RTGS$ to RAND: 3.79
More: marketwatch.co.zw
these rates are quite toxic for the economy and the sooner the economy is stabilized through robust industrialization [in rural and urban areas] and opening up to be part of the global capital market economy the better for Zimbabwe. Currencies may be adopted endlessly but if the industry is as fragmented as is now, there is not much traction on recovery to be expected soon in Zimbabwe. Just ask yourselves what were the virtues of the development models of the 1970-80 decades as compared with the 1990s-2000 decade models…this could certainly assist more realistically, it is certainly no longer about sloganeering, demagogy or speculation, but to be very realistic and innovative moving in step with the world.