Reserve Bank of Zimbabwe

Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has warned companies against borrowing recklessly citing a shortage of foreign currency in the market. This is despite the banking sector having US$2,5 billion in nostro deposits.
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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 Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Monday sensationally exposed the ruling Zanu-PF party by stressing that there are no sanctions on Zimbabwean exports and imports. He made the statement while dismissing a snippet…
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High Court judge Justice Martin Mafusire has ordered Central Africa Building Society (CABS) bank to pay an architectural company, Stone/Beatie Studio US$142 000, ending a dispute that has been raging for seven years, Nehanda Radio has…
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President Emmerson Mnangagwa claims 28 000 gold coins have been sold since their introduction last year, helping to raise ZWL22,2 billion (US$27,5 million) and dealing a blow to the parallel market. Mnangagwa said this while heaping praise…
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Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has dismissed claims by the International Monetary Fund (IMF) that the introduction of gold coins did nothing to ease inflation in the country.
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The Reserve Bank of Zimbabwe (RBZ) has initiated a survey in its exploration for the possibility of introducing a Central Bank Digital Currency (CBDC) "in line with global trends". The central bank announced the development through a…
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The government of Zimbabwe has blacklisted tycoon Kudakwashe Tagwirei's former company Redan Coups and 18 others over allegations that they are responsible for “price instability and a spiralling exchange rate" leading to the ongoing…
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President Emmerson Mnangagwa’s administration is set to institute a currency board with the aim of backing all units of domestic currency in circulation with foreign currency and reduce the skyrocketing inflation in Zimbabwe. Ashok…
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Former deputy prime minister Professor Arthur Mutambara has said the newly introduced gold coin is "a self-enrichment scheme for the elites" and will create an arbitrage opportunity
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