Reserve Bank of Zimbabwe (RBZ)
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News
‘Govt has stopped borrowing from RBZ’
Zimbabwe’s government has stopped borrowing funds from the Reserve Bank of Zimbabwe (RBZ), claimed Finance and Economic Development Minister, Professor…
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News
‘Diaspora remittances overtake foreign aid’
Diaspora remittances have overtaken foreign aid, as Zimbabweans abroad sent home over US$1 billion in 2020, the highest ever contribution…
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‘Auction exchange rate fuelling price distortions’
The government’s foreign currency auction-determined exchange rate of the United States dollar against the local currency is to blame for…
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New ZWL$50 notes coming out soon: RBZ
The Reserve Bank of Zimbabwe (RBZ) has said the new ZWL$50 notes will be soon released as part of measures…
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News
Bureaux de change given leeway to increase exchange rates
As part of measures to enhance foreign currency trading by bureaux de change, the Reserve Bank of Zimbabwe (RBZ) has…
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Nearly US$140 million allotted on the forex auction
Almost US$140 million has been allotted since the introduction of the foreign currency exchange auction system by the Reserve Bank…
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Non- farmers benefited from mechanisation programme – Moyo
Some non-farmers corruptly benefitted from the government’s US$200 million 2007-2008 farm mechanisation programme bankrolled by the Reserve Bank of Zimbabwe…
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Zimbabwe brings back USD through back door
The fast depreciation of the Zimbabwe dollar against other currencies has left the government with no choice but to bring…
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ZIPIT limits to drive illegal forex dealers into cash transactions
The country’s parallel foreign currency exchange market is likely to be dominated by cash transactions, following the introduction of ZIPIT…
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News
New banknotes Statutory Instrument gazetted
The government has gazetted Statutory Instrument (SI) 103A of 2020 to pave way for the issuing of new banknotes in…
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