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National Lockdown: Money transfer agencies allowed to operate

HARARE - Government has authorized money transfer agencies that had been closed down due to the total lockdown to resume operating starting Wednesday. According to...

Hard choices authorities face: Confronting the challenges of COVID-19 pandemic

Samuel Mapuranga The outbreak of coronavirus named COVID-19 has disrupted the global economy. Evolution of the disease and its economic impact is highly uncertain, which...

US$ bounces back, exchange rate fixed

Xolisani Ncube The Reserve Bank of Zimbabwe has re-introduced the use of multi-currency system as a way of fighting the highly contagious Covid-19 pandemic. In a...

Tobacco farmers to get 50% of proceeds in foreign currency

Farai Mabeza Tobacco farmers will get fifty percent of their proceeds in foreign currency, the Reserve Bank of Zimbabwe (RBZ) and the Tobacco Industry Marketing...

RBZ says on-course to stabilising exchange rate but de-dollarisation is a...

Highlights Total money supply in the economy as at December 2019 stood at $34.5 billion. Of that $22 billion (64%) is in local currency...

RBZ’s Financial Intelligence Unit identifies China Nanchang as rate manipulator

HARARE – (FinX) The Reserve Bank of Zimbabwe (RBZ) through its Financial Intelligence Unit (FIU) has singled out China Nanchang among the rate manipulators...

RBZ warns exchange rate manipulators as street rate breaches 25x

HARARE – The Reserve Bank of Zimbabwe has issued a warning to foreign currency dealers who are manipulating the exchange rate. This comes as...

Top RBZ directors on way out as contracts expire

Staff Writer HARARE – At least two Reserve Bank of Zimbabwe directors could be on their way out following the expiry of their contracts amid...

Zimbabwe to introduce new notes in two weeks

TAWANDA MARWIZI HARARE - Reserve Bank of Zimbabwe says it will introduce new notes which will be used together with the bond notes in the...

RBZ tenders for more TBs as it seeks to raise $150m...

HARARE - The Reserve Bank of Zimbabwe has put out a tender for the issuance of $150 million Treasury Bills as it continues to...

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