Tag: Reserve Bank of Zimbabwe
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...
Money and Economy in Zimbabwean History: A Concise Currency Timeline
The end of Chartered Rule, entrenchment of white self-government and African economic disempowerment: Currencies, and the consolidation of Racialised Economic Spaces, 1920-1930
Tinashe Nyamunda
In the...
Fuel prices up as ZERA admits arbitrage is a big worry
HARARE – The Zimbabwe Energy Regulatory Authority has hiked the price of fuel, although it remains below US$1, after admitting that pricing could not...
RBZ tightens internal bank transfers to stop illicit fx trades
HARARE - The Reserve Bank of Zimbabwe, through the Financial Intelligence Unit, has instructed banks to to limit internal transfers to two per day...
RBZ caps ZIPIT transactions to stop illicit forex trades
Farai Mabeza
The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has directed all banks to temporarily review all ZIPIT transaction limits downwards to $20 000...
RBZ charges Ecocash directors for money laundering violations
Farai Mabeza
HARARE - The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has brought charges under the Money Laundering and Proceeds of Crime Act...
RBZ directs Steward Bank to limit payments into Ecocash Trust account
Farai Mabeza
The Reserve Bank of Zimbabwe has ordered Steward Bank to limits payments into the Ecocash Mobile Money Trust accounts from third parties to...
We are on our own in fighting COVID-19 – Mangudya
Farai Mabeza
Zimbabwe is battling to salvage its economy on its own in the wake of the COVID-19 pandemic after being excluded from the emergency...
Separation of accounts to nostro and RTGS invalid: High Court
Staff Writer
HARARE – In a judgment, which could have potentially far-reaching implications over the conversion of USD bank balances to RTGS, the High Court...
Ecocash a Ponzi scheme says RBZ, has agents overdraft of ZW$39m
HARARE – Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money...