Tag: Reserve Bank of Zimbabwe
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...
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 system and...
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 Zimbabwe Miners...
