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Editorial Comment: Second auction advances market-led growth

The second weekly foreign currency auction run by the Reserve Bank of Zimbabwe (RBZ) confirmed what the first established: that the system works, that the system is not manipulated by the authorities, and that the market set the exchange rate as importers match their needs against what exporters earn. There was a modest easing of […]

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Editorial Comment: Mobile money measures should not cause disruption

Measures put in place to tame the cowboys running the foreign currency black market will cause minimal economic disruption and inconvenience, while the mobile money systems are brought under banking controls and practices announced three months ago. The measures are three-fold. Individuals using their general cellphone line to send and receive payments, are not affected, […]

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