The Interbank Rate Moves Up By 1.4%
5 years agoWed, 15 May 2019 11:56:29 GMT
![The Interbank Rate Moves Up By 1.4%](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fthe-interbank-rate-moves-up-by-14_jlKsHBS.webp&w=640&q=75)
The Reserve of Zimbabwe has revealed that the interbank rate has moved up by 1.4%. It rose to 3.3884 from 3.3393. The term interbank rate refers to the foreign exchange rates paid by banks when they trade currencies with other banks.
Meanwhile, there has been a big jump in the market today with rates moving up by 20%, Market Watch Zimbabwe can report.
More: Market Watch Zimbabwe
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