RBZ

RBZ

Business Slider
RESERVE Bank of Zimbabwe governor John Mangudya has dismissed the parallel market rate as a false reflection of the true value of the local currency against major currencies, ...
Comments Off on Parallel market rates false: Mangudya

Ecocash
Opinion & Editorials Slider
In Kenya, an individual transaction limit is USD2,800 per day! By Own Correspondent The Reserve Bank of Zimbabwe has been on the warpath against EcoCash, one of Africa’s successful ...
Comments Off on EcoCash limits ridiculously low compared to other countries

Business Slider
Zimbabwe has added a new chapter in its storied monetary policy history, with the Reserve Bank of Zimbabwe (RBZ) announcing that it will be introducing new ZWL$10 and ZWL$20 notes with effect from Tuesday and the first week of June 2020, respectively. ...
7

Business
The Reserve Bank of Zimbabwe (RBZ) has reviewed downwards the bank rate to 15% from 25% per annum starting from Friday, May 1, 2020 as the broke government ...
10

Business Slider
The Reserve Bank of Zimbabwe (RBZ) has suspended the licences of two more bureaux de change and charged another two for flouting foreign currency exchange regulations. ...
Comments Off on RBZ swoops on errant foreign currency traders

News
THE Reserve Bank of Zimbabwe (RBZ) says it has suspended a senior official, whom it accuses of leaking a policy document on the central bank’s five year roadmap ...
Comments Off on RBZ suspends top official over policy document leak

National News
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya would be improperly before the courts if he does not sue Zanu PF after being named by the party’s youth league as dabbling in corruption and fronting illegal foreign currency trade, legal experts have said. ...
Comments Off on Mangudya in a Catch-22

Metallon demands $132m from Zimbabwe central bank – documents
JOHANNESBURG – Africa-focused gold miner Metallon Corporation is demanding nearly $132-million it says it is owed by Zimbabwe's central bank, legal documents showed on Thursday, as the country's mining sector grapples with a severe dollar crunch. ...
Comments Off on Metallon demands $132m from Zimbabwe central bank – documents

Business
TOBACCO sales have generated $19,4 million in the first 17 days of the marketing season this year compared to $81 million realised over the same period last year, statistics from the industry regulator have shown. ...
Comments Off on Tobacco income down 76%

Slider
RESERVE Bank of Zimbabwe Governor John Mangudya was on Thursday grilled in Parliament over disparities between the official United States dollar rates of 1:2,5 and the parallel market rate of 1:3,6 resulting in price increases of goods and services. ...
3

Business Slider
ZIMBABWE should introduce an independent currency board which would stop the Reserve Bank of Zimbabwe (RBZ) from controlling the foreign currency exchange rate, an industry expert has said. ...
Comments Off on Zim urged to adopt currency board

Columnists Opinion & Editorials
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is due to release the monetary policy and the policy position is highly anticipated against the sustained monetary related macro-economic deficiencies. As a symptom, the economy has endured a southward gravitation of the exchange rate, including a sharp loss of value through inflation. ...
3

Business Slider
South African research firm, Emergent Africa, has warned the Reserve Bank of Zimbabwe against financing fiscal imbalances using Treasury Bills (TBs) and overdrafts, saying this had negative consequences on the country’s overall macro-economic stability. ...
2

Business
THE Reserve Bank of Zimbabwe (RBZ) should not be involved in the management of economic variables like farming, as that would result in the central bank incurring unsustainable debts, a financial expert has said. ...
Comments Off on Bank urged to dump economic variables

Business
The Reserve Bank of Zimbabwe (RBZ) claims it has earned the ire of several politicians it has investigated for possible money laundering, with some of them calling to express their anger. ...
6

Business
THE Reserve Bank of Zimbabwe (RBZ) is concerned with the acquisition of external loans by local companies as the repayment of such loans eats into the country’s export earnings, deputy governor Kupukile Mlambo has said. ...
9

Business
The Reserve Bank of Zimbabwe (RBZ) expects to clear the backlog of foreign payments by year-end amid revelations that 80% of the unsettled transactions cover products at the top of the import priority list. ...
2

National News
Reserve Bank of Zimbabwe governor, John Mangudya, has filed an application at the High Court to have the matter challenging the legality of bond notes dismissed. ...
9

Business
RBZ says $5,6 billion in outstanding bills of entry has been acquitted by importers, but $200 million was still unaccounted for since the granting of the amnesty last year. ...
Comments Off on $200 million bills of entry unaccounted for: RBZ

News
FIRST Lady Grace Mugabe and opposition MDC-T leader Morgan Tsvangirai have been fingered as having substantially benefited from the Reserve Bank of Zimbabwe (RBZ)’s controversial $1,35 billion debt which government wants to take over. ...
16

Business
ECONOMISTS and informal traders have warned that new bond coins worth $10 million that are set to make their debut tomorrow might face stiff resistance from the public ...
44

Business
There are no restrictions on offshore borrowing to fund local operations, Reserve Bank of Zimbabwe (RBZ) deputy governor Kupukile Mlambo has said. ...
Comments Off on RBZ moves to assure investors

News
AN audit should be done on the RBZ debt and those who owe the bank should pay up as government has no capacity to take over the $1,35 billion debt. ...
19

News
The Parliamentary Portfolio Committee on Finance and Economic Development this week conducted public hearings on the RBZ (Debt Assumption) Bill that is currently before the National Assembly. ...
5

News
RBZ has removed restrictions on foreign investors who wanted to participate on the bond market to mobilise external finance and boost market liquidity. ...
Comments Off on RBZ moves to attract foreign investors

News
THE Ministry of Transport and Infrastructure Development has expressed concern over unregistered vehicles donated by RBZ to various institutions and individuals. ...
Comments Off on Govt issues ultimatum on RBZ-donated vehicles

News
THE AfDB says the extension of the recapitalisation deadline for banks by the RBZ is an indication of the ongoing liquidity crisis affecting the economy. ...
2

National News
SOME 1 456 former RBZ workers are languishing in abject poverty as the central bank dillydallies on processing their retrenchment packages. ...
Comments Off on ‘Former RBZ workers wallow in poverty’

News
FIDELITY Life Assurance of Zimbabwe has applied for a micro-banking licence to the RBZ to expand its footprint into the financial services sector. ...
3

News
THE Reserve Bank of Zimbabwe (RBZ) has extended the compliance timeline for meeting minimum capital requirements for the banking sector from next year to 2020, amid indications that some banks were struggling to comply due to empowerment regulations. ...
5