Zimbabwe Moves to Eliminate Parallel Exchange Rate in New Law

Zimbabwe set new regulations to compel businesses to use a single exchange rate for pricing goods and services as it seeks to control surging costs....

Zimbabwe could be headed for political upheaval as economic and health crises spiral

With security forces having seized control of economic and financial policy at a time of shrinking...

Biggest Zimbabwe Bank to Buy Small Lenders in Consolidation Push

Zimbabwe’s biggest bank plans to buy several smaller lenders in a consolidation drive to leave the...

Hello? – How Zimbabwe’s got the wrong number when it comes to mobile money

“The unprecedented measures have been necessitated by the need to protect consumers on mobile money platforms...

Zimbabwe central bank raises main lending rate to 35% as inflation soars

HARARE (Reuters) - Zimbabwe’s central bank will raise its main lending rate to 35% from 15%...

Zimbabwe’s New Currency System Adequately Funded: Central Bank

Zimbabwe has sufficient foreign currency reserves to sustain the reintroduced foreign currency auction system, the state-run...

Holders of Foreign Currency Accounts with Zimbabwean banks are worried about losing money

As the central bank kicks in new regulations...

RBZ abandons fixed forex exchange system

THE Reserve Bank of Zimbabwe (RBZ), which was using the fixed exchange rate of US$1:$25, says...

Zimbabwe central bank leaves rates unchanged, bullish on inflation

HARARE (Reuters) - Zimbabwe’s central bank left its benchmark interest rate at 35% on Monday, citing...

Zimbabwe Central Bank to Settle $1.2 Billion of Legacy Debt

The Reserve Bank of Zimbabwe approved the payment of $1.2 billion in legacy debt, but rejected claims for...

Zimbabwe freezes Chinese firm’s account over currency manipulation

HARARE (Reuters) - Zimbabwe’s central bank has frozen an account of a Chinese company it accused...

Zimbabwe’s economy is hobbled by a clash of egos

At the heart of Zimbabwe’s economic paralysis is a personality clash....

‘Where’s the money?’: Zimbabwe’s new banknotes fail to arrive

Banks say there is no communication from central bank on fresh tender intended to ease cash...

Zimbabwe introduces new currency, but here’s why it won’t help

Zimbabwe’s yet-to-be-named currency targets the liquidity shortages in the Southern African country, giving the central bank...

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