Kupukile Mlambo

The foreign currency auction was introduced by Government last year as a regime where the allocation of a given amount of foreign exchange is determined through a bidding process.
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By Anthony Matutu One of Zimbabwe’s financial publications had a very interesting, though not unusual story of one of the two Deputy Governors of the Reserve Bank of Zimbabwe (RBZ), Kupukile Mlambo, almost trashing the institution he…
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The Reserve Bank of Zimbabwe (RBZ) says it has no plans to tamper with depositors’ foreign currency accounts.
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Funds held by Zimbabweans in offshore banks rose to US$1 billion last year, having declined to US$300 million four years ago, following escalating political risk and uncertainty at home, Reserve Bank of Zimbabwe (RBZ) deputy governor,…
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Zimbabwe needs about $800 million to circulate in the formal economy in order to end cash queues in banks, Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Kupukile Mlambo has said.
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Zimbabwean businesses are seeing tumbling output because of an acute dollar shortage that has forced banks to delay processing payments for imports of spare parts and supplies, a KPMG poll found.
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Long-suffering Zimbabweans are now being forced to accept huge sackfuls of coins from their banks and mobile money agents as bond notes vanish from the local market on the back of currency dealers who are either hoarding them for…
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The Reserve Bank of Zimbabwe (RBZ) has released a total US$160 million worth of bond notes into circulation since last November as part of measures to ease shortages of money in the country.
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By Ndakaziva Majaka Zimbabwe needs about $600 million in cash to achieve optimal liquidity ratios, a central bank official said. Reserve Bank of Zimbabwe (RBZ) deputy governor Kupukile Mlambo last week said while the central bank was…
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By Nyasha Chingono Coins used to be for the piggy banks used by kids to save money given by their parents for break-time snacks at school. The adults normally kept a few of them when they got them from the grocery store as change.…
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