Business October 15, 2019

PICTURE: Interbank Rates Today – 15 October 2019

Interbank rates have been going up since the introduction of Statutory Instrument 142 of 2019 indicating that the local currency has bee losing value against the United States Dollar.

Meanwhile, the parallel market rates seem to have started going up again. They had stabilised following the RBZ’s move to freeze bank accounts belonging to companies and individuals allegedly fueling money laundering. See today’s black market rates here.