UPDATE 1-Zimbabwe to switch to managed float exchange rate in latest move
Zimbabwe will adopt a “managed
float” exchange rate regime, Finance Minister Mthuli Ncube said
on Wednesday, abandoning strict control of foreign exchange by
the central bank in the latest in a series of currency reforms
that have so far failed.
float” exchange rate regime, Finance Minister Mthuli Ncube said
on Wednesday, abandoning strict control of foreign exchange by
the central bank in the latest in a series of currency reforms
that have so far failed.
Posted by Reuters
