Dr John Mangudya

FULL TEXT of Statement issued by Reserve Bank of Zimbabwe (RBZ) governor, Dr John P Mangudya "The Reserve Bank of Zimbabwe (the Bank) is concerned and disturbed by sensationally wild, false and malicious media reports, carried in…
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The Zimbabwean government on Wednesday doubled the amount of foreign currency in cash a person can physically carry on their person or in their baggage out of the country to US$10 000.
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The Reserve Bank of Zimbabwe (RBZ) has removed an order by President Emmerson Mnangagwa suspending banks from lending local currency or foreign currency after the decree failed to arrest the skyrocketing inflation.
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Farmers, gold miners and other producers who have been crying foul over the 1:25 fixed interbank exchange rate have something to smile about as the Reserve Bank of Zimbabwe (RBZ) starts implementing the foreign currency auction system this…
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By Toby Sithole Last week, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, announced the introduction of a foreign exchange auction trading system with effect from June 23, 2020, which effectively means the abandonment of the…
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The Reserve Bank of Zimbabwe (RBZ) will in the next few weeks introduce a new set of higher denomination banknotes to increase physical money supply and curb cash shortages.
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Zimbabwe’s central bank governor on Monday said the exchange rate for the new transitional currency is unlikely to remain at 2.5 per U.S. dollar by the time tobacco auctions open next week, suggesting the local unit will be devalued…
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HARARE- A crazed pre-election demand for the United States dollar has pushed the black market premium to an all-time high as shortages of foreign exchange fuels a roaring currency black market now driving up food prices.
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By Happiness Zengeni The Reserve Bank of Zimbabwe has said bond notes in circulation have increased to $102 million as the central bank continues to pay out the Afreximbank-backed $200 million export incentive. In an interview…
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By Tendai Kamhungira President Robert Mugabe has backed Zimbabwe’s adoption of the South African rand as its main currency. After ditching a worthless Zimbabwe dollar in 2009, the country has been using several currencies — United…
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