“Interbank Activity Will Pick Up”

The RBZ remains optimistic that interbank activity will increase in due course. Despite the low activity at the recently introduced Interbank, RBZ officials remain positive that activity will soar.

The highest office in the RBZ Dr. John P Manguyda was quoted saying:

Activity on the interbank will improve going forward as the tobacco marketing season progresses and farmers deliver more of the crop since we have moved to address their concerns.“The bank will also start drawing down on facilities that we have secured from foreign lenders and this should increase the inflows of foreign currency to the market for trading and supporting importers’ needs

The Interbank was introduced in February to ease liquidity problems that had ravaged the economy for some time.

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