FX Trading liberates the infrastructure of traditional FX key stations and replaces them with an easy-to-use, cloud-based platform. Execute your trades seamlessly from pre-trade all the way through post-trade – including straight-through processing, confirmations, settlement instructions, and trade history blogger.com: Flagship-Brand:Fx-Trading-Capabilities · A Zimbabwean forex trader will need to choose a broker that supports the payment option that works in Zimbabwe and the payment option needs to provide the lowest fees and be fast in processing payments. For Zimbabweans, Visa Card, Master Card, Skrill, Neteller, and WebMoney are the best payment options · Zimbabwe introduces Reuters system for forex trading Published: 11 March GOVERNMENT has introduced a Reuters system for foreign currency trading which allows banks to trade freely as a way of stabilising the exchange rate as well as bringing down inflation to
UPDATE 2-Zimbabwe to switch to managed float exchange rate in latest move | Reuters
Zimbabwe introduces Reuters system for forex trading By Staff reporter 11 Mar at hrs. This was announced by the Minister of Finance and Economic Development, Professor Mthuli Ncube during a news briefing in Harare for the introduction of the currency stabilisation task force, reuters forex trading platform zimbabwe.
In this regard, the government is taking measures to stabilise the exchange rate and to bring down inflation to sustainable levels in order to achieve macroeconomic stability. In order to stabilise reuters forex trading platform zimbabwe exchange rate and hence, lower inflation, the government has decided to implement a holistic package of key policy measures.
In this regard, reuters forex trading platform zimbabwe, a currency stabilisation task force has been set up," he said. The floating exchange rate system will be introduced with the participation of financial institutions and bureaux de change. Consequently, official rates have not been effectively determined, while a thriving parallel market has developed.
To correct this anomaly, an electronic forex trading platform based on the Reuters system is being immediately put in place. This platform will allow foreign exchange to be traded freely amongst banks and permit a true market exchange rate to be determined. The bureau de change will also participate on this platform through their authorised dealers. The trading rules of the bureau de change are being liberalised so that they can conduct a wider range of transactions," he said.
In the floating system, the Reserve Bank of Zimbabwe will remain a significant player in the market through the provision of liquidity to stabilise the exchange rate while also tightening its screws on mobile money platforms. Additionally, the daily returns being submitted by the mobile platforms for the financial intelligence Unit of the RBZ will be scrutinised very carefully by the currency stabilisation Taskforce to ensure that all transactions are legitimate and are in accordance with the financial regulations in place," said Professor Ncube.
The currency stabilisation task force will be spearheaded by the Ministry of Finance and Economic Development and the Reserve Bank of Zimbabwe and will include members of the Monetary Policy Committee and the Presidential advisory council. LATEST NEWS, reuters forex trading platform zimbabwe. Vandals derailing telecoms growth, says Potraz. AMH seeks TV licence.
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, time: 6:03Zimbabwe introduces Reuters system for forex trading - Business Daily News Zimbabwe
Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a “Zimbabwe has had no transparent and effective foreign exchange trading platform for a long time · A Zimbabwean forex trader will need to choose a broker that supports the payment option that works in Zimbabwe and the payment option needs to provide the lowest fees and be fast in processing payments. For Zimbabweans, Visa Card, Master Card, Skrill, Neteller, and WebMoney are the best payment options
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