Prosper Ndlovu, prosper.ndlovu@chronicle.co.zw THE Reserve Bank of Zimbabwe (RBZ) has liberalised the exchange rate, effectively devaluing the local currency for the first time since its adoption in April, while tightening the screws on loans by raising the bank lending rate from 20 percent to 35 percent with immediate effect. Earlier reports yesterday suggested the Central […] Article Source: The Chronicle
