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Counterfeit ZWL$10 trillion “Noble Prize” for scientists

A group of scientists studying the effects of hanging a rhinoceros upside down have won a cash prize of a counter 10 trillion dollar...

RBZ issues two year T-bonds to raise $1.55 bln for Govt

HARARE - The Reserve Bank of Zimbabwe has issued its second two-year paper where it is seeking to raise $1.55 bln to fund government...

New $50 note hits street Wednesday

Sharon Chikwanha The Reserve Bank of Zimbabwe has introduced a new $50 note which goes into circulation tomorrow, Governor John Mangudya has announced. In a statement,...

SI127 to negatively affect informal economy: ZIMCODD

Statutory Instrument 127 of 2021, Presidential Powers (Temporary Measures) Financial Laws Amendment Regulation 2021 Social and Economic Implications On the 27th of May 2021, the government...

RBZ rings changes to mining royalties & commissions payment modalities

HARARE - For ease of administration, the Reserve Bank of Zimbabwe has announced that all commissions and royalties that are due and deductible at...

RBZ ropes in BDCs to move away trades from parallel market

HARARE – In order to meet the foreign currency needs of small-scale enterprises and individuals which will ensure that trades move away from the...

RBZ dissolves Monetary Policy Committee  

Davison Kaiyo HARARE – The Minister of Finance and Economic Development has dissolved the Monetary Policy with effect from 31 January 2021. According to a statement...

New banknotes will not trigger inflation: RBZ

Reason Razao The Reserve Bank of Zimbabwe has assured the public that the introduction of ZW$50 bank note will not trigger inflation but rather augment...

Local currency breaks depreciation trend against the USD

HARARE – The Reserve Bank of Zimbabwe held its weekly foreign currency auction today, which saw the local currency break its depreciation trend against...

Zim dollar appreciates 0.15% at latest auction

HARARE – Despite the recent strengthening of the South African rand against a generally weakening dollar, street dealers have not adjusted quotes and are...

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