Tag: Reserve Bank of Zimbabwe
RBZ cuts key rate for the 2nd time to improve stimulus
HARARE (FinX) – The Reserve Bank of Zimbabwe lowered its key policy rate for the second time since the Covid-19 outbreak and the third...
Alternative prescriptions to the currency crisis: Restore policy confidence and credibility
Samuel Mapuranga
Zimbabwe’s five-year de-dollarization strategy leading up to the year 2024, which was un-procedurally released on Wednesday revealed that the country would phase out...
RBZ completes blocked funds validation
HARARE – The Reserve Bank of Zimbabwe has announced that it has completed the validation of foreign exchange applications submitted under the blocked funds...
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 and...
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...
