RBZ unveils new gold-backed ZiG currency to replace Zimbabwe dollar

New currency – called Zimbabwe Gold (ZiG) – will be backed by foreign currencies, gold and precious minerals...

Mnangagwa brings forward appointment of new RBZ governor amid currency bloodbath

John Mushayavanhu takes over as new central bank chief with immediate effect as currency loses 70...

Zimbabwe Central Bank Accumulates Almost a Ton of Gold Reserves

(Bloomberg) -- Zimbabwe’s central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a...

Mangudya says Zimbabwe currency turmoil temporary

As plunge in local currency value rattles business...

Resolutions Of RBZ’s Monetary Policy Committee Meeting 01 December 2023

Full statement by the Reserve Bank of Zimbabwe (RBZ) on the Resolutions of the Monetary Policy...

Financial Intelligence Unit Red Flags “Mess” At Deeds Registry Office

The Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) has raised concern over the shambolic...

Zimbabwe Inflation Quickens Two Months After New Price Measure

(Bloomberg) -- Zimbabwe’s annual inflation rate climbed for the first time since the recent adoption of...

RBZ withdraws Avis Bank’s licence for failing to start operations

The institution failed to put in place requisite systems and structures required to commence banking business...

FBC Holdings Acquires Standard Chartered Bank

The statement by the Reserve Bank of Zimbabwe (RBZ) on the acquisition of Standard Chartered Bank...

Zimbabwe’s export receipts fall to 3.6 bln USD

HARARE (Xinhua) -- Zimbabwe's export receipts fell to 3.6 billion U.S. dollars from January to September...

RBZ slashes interest rates

THE Reserve Bank of Zimbabwe(RBZ) has slashed interest rates from 150 percent to 130 percent per...

Zimbabwe Worker Exodus Intensifies With Economy in Meltdown

Years of mass migration from Zimbabwe has gained fresh impetus as an economic meltdown continues unabated,...

Financial Analyst Says Economic Stability In Zimbabwe Still A Distant Goal

According to Respect Ronald Gwenzi, a financial analyst and MD of Equity Axis, achieving economic stability...

Zimbabwe’s RBZ governor gets ‘D’ grade in global ranking

A GLOBAL recent ranking of central bank governors has given Zimbabwe’s John Mangudya the lowest grade...

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