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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...

RBZ to prioritise international reserves as ZWL maintains crawling pattern at...

HARARE – The local currency maintained a crawling pattern on Tuesday, depreciating a marginal 0.044% to 81.7102 against the US dollar from...

Chengetedzai increases collateral pledged to RBZ as new accounts rise

HARARE (FinX) – Chengetedzai Security Depository (CSD) has increased collateral security pledged to the Reserve Bank of Zimbabwe to ZWL $261 million...

De-centralize forex auction – ZNCC

Reason RazaoThe foreign currency auction is still not interactive with customers because of the Reserve Bank of Zimbabwe’s firm grip on the...

Eddie Cross rubbishes re-dollarization

Farai MabezaReserve Bank of Zimbabwe Monetary Policy Committee member and former MDC parliamentarian Eddie Cross has rubbished suggestions that Zimbabwe should re-dollarize...

RBZ pledges to make gold payments next week

HARARE - The Reserve Bank of Zimbabwe will start paying gold producers their outstanding money next week following a meeting with the...

Towards a free market economy for Zimbabwe

Joseph Mverecha Introduction Our times are uniquely difficult and have been for a while, with limited respite. The economy is dollarizing rapidly while the local currency...

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