RBZ makes loss by selling gold coins in local currency using official rate

THE Reserve Bank of Zimbabwe (RBZ) is making a huge loss by selling gold coins in local currency using the official rate as the Zimbabwean dollar...

Zimbabwe To Introduce Gold-backed Digital Currency

The Reserve Bank of Zimbabwe (RBZ) plans to introduce a gold-backed digital currency to be used...

Corruption in Zimbabwe has reached breaking point

Zimbabwe’s economy has been devastated by corruption and more than two decades of sanctions. The latest...

Zimbabwe’s central bank denies allegations of money laundering

Zimbabwe's central bank has denied allegations it is being used for money laundering and illicit gold...

Gold Coin Sale Success Prompts a Second Offering in Zimbabwe

Zimbabwe’s central bank will offer 2,000 more gold coins to the public, a week after an...

RBZ: “Bond Notes Never Failed, They Served Their Purpose”

The Reserve Bank of Zimbabwe (RBZ) has maintained that bond notes never failed, instead arguing that...

Zimbabwe Central Bank to Offer Gold Coins as Inflation Ravages the Country

The Reserve Bank of Zimbabwe plans to issue gold coins as a way for investors in the country...

This Zimbabwe bank has raised key rate to a record high of 200%

Governor John Mangudya announced the measure, on Monday, aimed to rein in inflation and stabilize the...

RBZ Increases Bank Policy Rate From 80% To 200% Per Annum

The Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee (MPC) has agreed to increase the bank’s...

RBZ tinkers with exemptions as lending ban implodes

FEARS of blocking critical funding to the country’s fragile productive sectors and the resultant negative contagion...

RBZ shuts down InnBucks

THE RESERVE Bank of Zimbabwe (RBZ) has ordered Simbisa Brands Pvt (Ltd) to stop operating its...

Teachers Demand Meeting With ED

Striking teachers have demanded an urgent meeting with President Emmerson Mnangagwa as tension between government and...

Zimbabwe’s foreign currency receipts hit record high of 9.7 bln USD in 2021

HARARE (Xinhua) -- Zimbabwe recorded its highest ever foreign currency receipts of 9.7 billion U.S. dollars...

Zimbabwe’s central bank rules out return to US dollar

Getty Images Zimbabwe’s central bank has ruled out a return to using the US dollar as...

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