The Reserve Bank of Zimbabwe (RBZ) has announced that it will capacitate the Beraux de change in a bid to enhance their buying and selling activities. We present the central bank’s statement in full below.
EMPOWERMENT OF BUREAUX DE CHANGE TO ENHANCE THE OPERATIONAL EFFICIENCY AND EFFECTIVENESS OF THE INTERBANK FOREIGN AND EXCHANGE MARKET
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Only Applicable to Econet lines
Pursuant to the deliberations of the Monetary Policy Committee and representations from various stakeholders on the need to enhance the activities of bureaux de change on the interbank foreign exchange market, the Reserve Bank will capacitate bureaux de change and enhance their buying and selling activities under a comprehensive compliance framework.
This arrangement will culminate in improved visibility of bureaux de change and improve their contribution towards an effective and efficient interbank foreign exchange market.
J P MANGUDYA GOVERNOR
6 March 2020