Zimbabwe's Central Bank Intervenes in Forex Market Amid Local Currency Slump

The Central Bank of Zimbabwe has announced its intervention in the foreign exchange market due to the sharp decline of the Zimbabwean dollar (ZWL) against the US dollar (USD). These measures have become necessary to stabilize the situation, as the local currency continues to lose value. Currently, the government and financial institutions are taking steps to strengthen the Zimbabwean dollar and combat rising inflation in the country.

Continue reading