Zimbabweans will once again be able to use US dollars to pay for goods and services, the RBZ announced on Thursday, nine months after the government banned the use of foreign currencies for most local transactions.
Zimbabwe will adopt a “managed float” exchange rate regime, Finance Minister Mthuli Ncube said on Wednesday, abandoning strict control of foreign exchange by the central bank in the latest in a series of currency reforms that have...
The Reserve Bank of Zimbabwe (RBZ) has processed claims for foreign currency-denominated legacy debt worth US$1.2bn, rejecting dodgy requests worth US$861 million, governor John Mangudya revealed on Monday. After ending dollarisation last year,...
The Reserve Bank of Zimbabwe’s monetary policy committee (MPC) has left its main bank rate steady, saying monthly inflation was within “close range” of its year-end targets. However, the MPC says it will...
The RBZ’s monetary policy committee, which sat on Friday, 15 November 2019 resolved to cut the Bank’s policy rate from 70% to 35% with effect from November 20, 2019, according to notes released by the central...
FBC Bank managing director Webster Rusere says the bank still allows forex cash withdrawals for depositors holding ‘free funds’, allaying fears raised by a leaked internal circular which appeared to change rules on the operation of foreign...
Finance Minister Mthuli Ncube has established a nine-member monetary policy committee (MPC), as part of measures to help bring credibility to policy as the economy pushes towards its own currency.  The MPC has been...
Following the end of dollarisation last month and the inevitable confusion that ensued, the Reserve Bank of Zimbabwe (RBZ) has today, July 24, issued its second exchange control circular to clarify certain aspects of the new regime,...
Few things fill a Zimbabwean with fear and dread more than the word "Zimdollar". So, it was no surprise when news that Zimbabwe had declared the RTGS the sole local currency, one more step in the country’s...
The International Monetary Fund (IMF) has just released a report on Zimbabwe. In the report, the IMF acknowledges the commitment by President Emmerson Mnangagwa’s government to stabilise Zimbabwe’s economy. The Fund...
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