Reserve Bank of Zimbabwe (RBZ)
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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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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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Fixed exchange rate counterproductive: ZNCC
The fixed exchange rate between the local currency and the United States dollar is counterproductive and should be done away…
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Bureaux De Change entities in corrupt deals
A number of Bureaux De Change entities in Zimbabwe are involved in corrupt financial deals ranging from operating illegally, illicit…
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Rumours and lack of confidence pushing exchange rate up: RBZ
The Reserve Bank of Zimbabwe (RBZ) has blamed Zimbabwean’s lack of confidence in the local currency as a contributing factor…
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De-dollarisation on course, insists RBZ
By Thabani Zwelibanzi The Reserve Bank of Zimbabwe (RBZ) insists that the de-dollarisation exercise is on course despite indications that…
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