Fuel procurement now via interbank rate
Government has, with immediate effect, removed the 1:1 foreign currency exchange rate for the procurement of fuel by Oil Marketing
Redollarise to fix economy: Biti
The crippling fuel and power shortages facing Zimbabwe are likely to get worse if government fails to deal with price
Zimbabwe police assure visitors of safety despite U.S. travel warning
The Zimbabwe Republic Police on Thursday reassured locals and visitors to the country that despite a negative travel advisory issued
About Us
Disclaimer
As Market Watch we do not deal in the parallel market nor do we quote on behalf of any other person or company. We are not traders and cannot be accountable for any decisions you make around our data. We are researchers only so please do not assume our information is accurate. Our information comes from various sources including social media as well as market informants on the street. For official USD and RTGS rates please consult your banking partner or the Reserve bank of Zimbabwe. Please note it is illegal to deal on the parallel market and we strongly advise against it. Our platform documents the rumoured parallel market that is mentioned on social media and various other sources.
The Lingo
OMIR
The ‘Old Mutual Implied Rate’ is a comparison between the Old Mutual share price on the London stock exchange / the Johannesburg stock exchange and the Zimbabwe stock exchange. Effectively RTGS is valued at 1:1 with the USD, but this difference in share price gives us the implied countries exchange rate.
RTGS
Real-time gross settlement systems (RTGS) is a funds transfer system where money transfer takes place from one bank to another on a “real time” basis and “gross” basis. Settlement in the “real time” means that the transaction happens almost immediately.