Reserve Bank of Zimbabwe

Latest articles

3h
AllAfrica.com
Inputs Distribution Hits Snagaffected by foreign currency shortages particularly Ammonium Nitrate fertiliser
AllAfrica.com / Posted 3 hours ago
affected by foreign currency shortages particularly Ammonium Nitrate fertiliser. This is because there have been delays by Reserve Bank of Zimbabwe (RBZ) in the disbursement of foreign currency to fertiliser suppliers. We have since notified... Read more
7h
AllAfrica.com
Govt to Set Up Informal Business Task ForceMedia, Information and Broadcasting Services, Youth Development, Indigenisation
AllAfrica.com / Posted 7 hours ago
Media, Information and Broadcasting Services, Youth Development, Indigenisation and Economic Empowerment Ministry and the Reserve Bank of Zimbabwe. Government will continue supporting the private sector by availing foreign currency to ensure... Read more
9h
AllAfrica.com
'Restore Us Dollar Value'remittances, for instance, have been on a downward trend this year. In its mid
AllAfrica.com / Posted 9 hours ago
remittances, for instance, have been on a downward trend this year. In its mid-term monetary policy statement, the Reserve Bank of Zimbabwe (RBZ) reported that international remittances had dropped by average 8,4 percent to $714 million... Read more
1d
New Zimbabwe
RTGS transactions reach $2bln in Octrecorded in the previous week due to a surge in Real Time Gross Settlement (RTG
New Zimbabwe / Posted yesterday
recorded in the previous week due to a surge in Real Time Gross Settlement (RTGS) transactions. In a weekly report, the Reserve Bank of Zimbabwe (RBZ) said RTGS transactions went up 25 percent to $1,4 billion, accounting for 71 percent of the... Read more
3d
AllAfrica.com
Real Time Gross Settlement Transactions Reach U.S.$2 Billionrecorded in the previous week due to a surge in Real Time Gross Settlement (RTG
AllAfrica.com / Posted 3 days ago
recorded in the previous week due to a surge in Real Time Gross Settlement (RTGS) transactions. In a weekly report, the Reserve Bank of Zimbabwe (RBZ) said RTGS transactions went up 25 percent to $1,4 billion, accounting for 71 percent of the... Read more
5d
AllAfrica.com
Mnangagwa Saga in Dramatic Twistcrimes, including suspected money laundering that could see the once powerful V
AllAfrica.com / Posted 5 days ago
crimes, including suspected money laundering that could see the once powerful VP being arrested on his return. "The Reserve Bank of Zimbabwe financial intelligence unit has been instructed to keep a close eye on his bank accounts and his... Read more
7d
AllAfrica.com
Keep Inquisitive Eye On Gold Movementthe small scale miners of the money - let's name and shame them -- the country
AllAfrica.com / Posted 7 days ago
the small scale miners of the money - let's name and shame them -- the country needs upright leaders. Statistics from the Reserve Bank of Zimbabwe (RBZ) show that of the export earnings realised up to September 29, gold raked in $683 million --... Read more
8d
AllAfrica.com
Mobile Transactions Clock U.S.$11 Billion - Central Bankbeing recorded through the innovative digital platforms alone between January a
AllAfrica.com / Posted 8 days ago
being recorded through the innovative digital platforms alone between January and September this year, according to the Reserve Bank of Zimbabwe (RBZ). In the context of the prevailing near cashless situation in the economy, many consumers have... Read more
9d
AllAfrica.com
Gold Output Jumps 11%which was later increased to $40 million on significant drawdowns from small-sc
AllAfrica.com / Posted 9 days ago
which was later increased to $40 million on significant drawdowns from small-scale miners. Indications are that the Reserve Bank of Zimbabwe (RBZ) may further add another $30 million to the facility as it moves towards boosting the country's... Read more
13d
Zero Hedge
Zimbabwe’s Inflation Monitor: A Weekly Updatethe annual inflation rate is at 333% (see chart below). During Zimbabwe’s hype
Zero Hedge / Posted 13 days ago
the annual inflation rate is at 333% (see chart below). During Zimbabwe’s hyperinflation episode from 2007-2008, the Reserve Bank of Zimbabwe failed to report an accurate measure of inflation rates. When episodes of hyperinflation occur, the... Read more
15d
AllAfrica.com
Win-Win Approach Needed On Tax Evasionserious headaches to national economic planners. Big companies are spending tim
AllAfrica.com / Posted 15 days ago
serious headaches to national economic planners. Big companies are spending time queueing for foreign currency at the Reserve Bank of Zimbabwe, while others that see the wait too long, have resorted to buying the foreign currency on the... Read more
15d
AllAfrica.com
Ecocash Rolls Out Cash Transfer Facilitythe general manager of Ecocash, said the facility was aimed at deepening electr
AllAfrica.com / Posted 15 days ago
the general manager of Ecocash, said the facility was aimed at deepening electronic transactions in line with the Reserve Bank of Zimbabwe (RBZ)'s agenda for the country to become a cash-lite society. The facility is targeted at Ecocash... Read more
16d
New Zimbabwe
Zim financial system on borrowed timehas resorted to three key strategies. One has been the issue of “bond notes” (
New Zimbabwe / Posted 16 days ago
has resorted to three key strategies. One has been the issue of “bond notes” (of different denominations) by the Reserve Bank of Zimbabwe. Officially, they’re designed to swell the amount of money in circulation within the country. The... Read more
16d
AllAfrica.com
Textile Firm David Whitehead to Resume OperationsDavid Whitehead Ltd is set to resume operations in the next two weeks after sec
AllAfrica.com / Posted 16 days ago
David Whitehead Ltd is set to resume operations in the next two weeks after securing a $2 million loan facility from the Reserve Bank of Zimbabwe. DWTL, which is currently under judicial management, stopped operations over a year ago due to... Read more
16d
AllAfrica.com
Financial System Living On Borrowed Timehas resorted to three key strategies. One has been the issue of "bond notes" (
AllAfrica.com / Posted 16 days ago
has resorted to three key strategies. One has been the issue of "bond notes" (of different denominations) by the Reserve Bank of Zimbabwe. Officially, they're designed to swell the amount of money in circulation within the country. The... Read more
17d
AllAfrica.com
Rand Adoption Calls - Biti Seeking Relevancein the hope of bringing economic stability and growth. This is in spite of Gove
AllAfrica.com / Posted 17 days ago
in the hope of bringing economic stability and growth. This is in spite of Government's un- equivocal position, through the Reserve Bank of Zimbabwe (RBZ), on the matter, that it would not adopt the currency. This is not the first time that the... Read more
17d
AllAfrica.com
Govt, Industry Must Complement Each Otheraffecting capacity to raise foreign currency, among other challenges. After an
AllAfrica.com / Posted 17 days ago
affecting capacity to raise foreign currency, among other challenges. After announcing the capacity utilisation decrease, Reserve Bank of Zimbabwe Governor Dr John Mangudya was quick to raise intriguing points worth noting. We are persuaded to buy... Read more
17d
AllAfrica.com
Patient Capital Remains Elusive, Says Central Bank BossReserve Bank of Zimbabwe (RBZ) governor John Mangudya has bemoaned sanctions an
AllAfrica.com / Posted 17 days ago
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has bemoaned sanctions and continued isolation of the country by the West, saying this was impacting negatively on the country's ability to access "patient capital". This comes as the... Read more
17d
New Zimbabwe
Patient capital remains elusive: RBZ bossRESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has bemoaned sanctions an
New Zimbabwe / Posted 17 days ago
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has bemoaned sanctions and continued isolation of the country by the West, saying this was impacting negatively on the country's ability to access "patient capital". This comes as the... Read more
20d
AllAfrica.com
Zimbabwe's Biggest Bank Hit With U.S.$385 Million Penaltymaking movement of funds and financial intermediation offshore even more diffic
AllAfrica.com / Posted 20 days ago
making movement of funds and financial intermediation offshore even more difficult. Contacted for comment yesterday, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said the matter is still under negotiations. "The matter has not been... Read more
20d
New Zimbabwe
Colcom minorities OK Innscor buyoutwhich are precedent of the scheme of arrangement,” Lorimer said in a statement
New Zimbabwe / Posted 20 days ago
which are precedent of the scheme of arrangement,” Lorimer said in a statement on Friday. The conditions include Reserve Bank of Zimbabwe (RBZ) approval for payment of the scheme consideration in the form of Innscor ordinary shares to... Read more
21d
AllAfrica.com
Corporate Responsibility Key to Economic Transformationof a decline in the manufacturing sector capacity utilisation had the potential
AllAfrica.com / Posted 21 days ago
of a decline in the manufacturing sector capacity utilisation had the potential to dampen market sentiment, but the Reserve bank of Zimbabwe Governor Dr John Mangudya interjected and made an interesting observation. "But then I was asking... Read more
22d
AllAfrica.com
Ecocash Integrates With Zimswitch, Launches Swipe to Ecocash Servicetheir ZimSwitch enabled swipe cards. Addressing invited guests, that included
AllAfrica.com / Posted 22 days ago
their ZimSwitch enabled swipe cards. Addressing invited guests, that included Ecocash agents, representatives from the Reserve Bank of Zimbabwe (RBZ) and the media fratenity, Ecocash General Manager Ms Natalie Jabangwe-Morris, said Ecocash... Read more
22d
AllAfrica.com
10 Firms Apply for Export Incentive HikeReserve Bank of Zimbabwe Governor, Dr John Mangudya said yesterday only 10 comp
AllAfrica.com / Posted 22 days ago
Reserve Bank of Zimbabwe Governor, Dr John Mangudya said yesterday only 10 companies have so far applied to the central bank to be considered to get more than the set five percent export incentive that exporters are being paid. With the economy hit... Read more
22d
AllAfrica.com
Ecocash Launches 'Swipe to Ecocash'an estimated 90 percent of mobile money in the country ahead competition from T
AllAfrica.com / Posted 22 days ago
an estimated 90 percent of mobile money in the country ahead competition from Telecel and NetOne's mobile money platforms. Reserve Bank of Zimbabwe (RBZ) national payments systems deputy director Josphat Mutepfa, who officially launched the swipe... Read more
22d
New Zimbabwe
Annual broad money supply up 36pct in Augustof the money in circulation which includes physical currency and demand deposit
New Zimbabwe / Posted 22 days ago
of the money in circulation which includes physical currency and demand deposits. In the latest monthly report, the Reserve Bank of Zimbabwe (RBZ) said transferable demand deposits and time deposits grew by 46,98 percent and 3,32 percent... Read more
23d
AllAfrica.com
Central Bank Fumes Over Drug Price HikesTHE Reserve Bank of Zimbabwe (RBZ) has dismissed the recent increase in drug pr
AllAfrica.com / Posted 23 days ago
THE Reserve Bank of Zimbabwe (RBZ) has dismissed the recent increase in drug prices by up to 70 percent as unjustified because the central bank was allocating $4 million to pharmacies weekly to import drugs. According to the Association of Healthcare... Read more
24d
AllAfrica.com
Homelink Plans to Build 3 000 Housing UnitsReserve Bank of Zimbabwe (RBZ) subsidiary Homelink plans to build over 3 000 ho
AllAfrica.com / Posted 24 days ago
Reserve Bank of Zimbabwe (RBZ) subsidiary Homelink plans to build over 3 000 housing units and commercial buildings near Lake Chivero in a bid to provide decent and affordable houses for all Zimbabweans especially the Diaspora community. Homelink has... Read more
24d
AllAfrica.com
CBZ Boss RetiresNyemudzo, who takes a bow three years after taking up the post, replaced former
AllAfrica.com / Posted 24 days ago
Nyemudzo, who takes a bow three years after taking up the post, replaced former CEO Dr John Mangudya who was appointed Reserve Bank of Zimbabwe Governor on May 1, 2014. He also holds a Bachelor of Accountancy degree from University of Zimbabwe.... Read more
27d
AllAfrica.com
Economists Question Inflation Statswrote in the Forbes magazine. "Under this dollarised regime, Zimbabwe's fiscal
AllAfrica.com / Posted 27 days ago
wrote in the Forbes magazine. "Under this dollarised regime, Zimbabwe's fiscal authorities could no longer demand that the Reserve Bank of Zimbabwe supply the government with credit. This hard budget constraint became too onerous for the free... Read more
27d
New Zimbabwe
Zim currency crisis: When the market rulesZimbabwe’s foreign exchange situation is getting worse in spite of extensive to
New Zimbabwe / Posted 27 days ago
Zimbabwe’s foreign exchange situation is getting worse in spite of extensive touting of a ‘nostro-stabilisation’ loan the Reserve Bank of Zimbabwe says it got from Afreximbank. How do we know this? Watch the indicators from your bank. On 11... Read more
29d
AllAfrica.com
Revenue Authority Boss Calls for Stock Exchange Circuit Breakersarising from the three-tier pricing model adopted even by sectors that are regu
AllAfrica.com / Posted 29 days ago
arising from the three-tier pricing model adopted even by sectors that are regularly allocated foreign currency by the Reserve Bank of Zimbabwe (RBZ) displaying the level of greed in our economy," Bonyongwe said. "As it stands, the annual... Read more
29d
AllAfrica.com
Barclays Leaders Key to Transition - MandiwanzaBarclays Plc and FMBCH at the level of Afcarme. JK: Politicians and local pres
AllAfrica.com / Posted 29 days ago
Barclays Plc and FMBCH at the level of Afcarme. JK: Politicians and local pressure groups have accused Barclays, the Reserve Bank of Zimbabwe and the Ministry of Finance of flouting indigenisation regulations by allowing FMBCH to acquire BBZ.... Read more
1m
AllAfrica.com
Cooking Oil Producers Increase Supplyand sell for $3 to get cash especially US dollars and it's creating serious pro
AllAfrica.com / Posted a month ago
and sell for $3 to get cash especially US dollars and it's creating serious problems for us. We are in discussion with the Reserve Bank of Zimbabwe to allow people to buy basic commodities with cash at an incentive so that the retailers can have... Read more
m
AllAfrica.com
Holistic Approach Key to Economic Revivalproblem. Equally, there is need for urgent intervention by our policymakers wi
AllAfrica.com / Posted 1 months ago
problem. Equally, there is need for urgent intervention by our policymakers with both short and long term measures. The Reserve Bank of Zimbabwe should be commended for its quick intervention to finalise the formalities for drawing down on the... Read more
m
AllAfrica.com
Fertiliser Crisis Loomsarrangement with the African Import and Export Bank (Afreximbank), an industry
AllAfrica.com / Posted 1 months ago
arrangement with the African Import and Export Bank (Afreximbank), an industry representative has revealed. Last week, the Reserve Bank of Zimbabwe announced that it had negotiated for a US$156 million loan facility with Afreximbank to import... Read more
m
AllAfrica.com
Central Bank Reschedules Debt ClearanceThe Reserve Bank of Zimbabwe (RBZ) has taken a position to delay the settlement
AllAfrica.com / Posted 1 months ago
The Reserve Bank of Zimbabwe (RBZ) has taken a position to delay the settlement of its debts to three international financial institutions (IFIs) until it meets conditions that will enable Harare to access cheap concessional funding. RBZ deputy... Read more
m
AllAfrica.com
Work Cut Out for New Finance Minister Chombocommunity as a strategy to make the global village become more habitable for Zi
AllAfrica.com / Posted 1 months ago
community as a strategy to make the global village become more habitable for Zimbabwe. Furthermore, together with Reserve bank of Zimbabwe Governor Dr John Mangudya, they sourced funds and usually brought home something to salvage the... Read more
m
AllAfrica.com
Rice Imports Stabilise On Central Bank InterventionMutare-based importer of Mariana rice, says it is set to receive US$10 million
AllAfrica.com / Posted 1 months ago
Mutare-based importer of Mariana rice, says it is set to receive US$10 million worth of letters of credit (LCs) from the Reserve Bank of Zimbabwe (RBZ) to guarantee payments to international suppliers. Ayan -- which supplies over a quarter of... Read more
m
New Zimbabwe
1,000kg of gold lost to smugglingZIMBABWE is losing an estimated 1,000kg of gold annually through side marketing
New Zimbabwe / Posted 1 months ago
ZIMBABWE is losing an estimated 1,000kg of gold annually through side marketing and illicit flows, according to Reserve Bank of Zimbabwe (RBZ) financial intelligence unit’s Wonder Kapofu. Kapofu said while the country may have mechanisms to curb... Read more
m
Zero Hedge
Zimbabwe Inflates, Again…below). At this point, prices were doubling every 24.7 hours. During Zimbabwe’
Zero Hedge / Posted 1 months ago
below). At this point, prices were doubling every 24.7 hours. During Zimbabwe’s hyperinflation episode (2007-2008), the Reserve Bank of Zimbabwe failed to report any meaningful economic data, including inflation rates. I, assisted by my capable... Read more
m
AllAfrica.com
1 000kg of Gold Lost to SmugglingZimbabwe is losing an estimated 1 000kg of gold annually through side marketing
AllAfrica.com / Posted 1 months ago
Zimbabwe is losing an estimated 1 000kg of gold annually through side marketing and illicit flows. Reserve Bank of Zimbabwe (RBZ) financial intelligence unit's Wonder Kapofu said while the country may have mechanisms to curb gold and financial... Read more

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