Parallel Market Rate Reportedly Rising

The foreign exchange rate on the parallel market rate is reportedly rising amid speculations that the Reserve Bank of Zimbabwe intends to liberalise the local currency.

New Zimbabwe, an online publication reports that USD$10 is selling at Zwl $28.3 today Saturday 15 February 2020.

Yesterday’s reports from three research institutions mentioned below suggest that the rate on the parallel market was around 27.50, on average whilst the Old Mutual Implied Rate (OMIR) was at 43.7. See reports below