Reserve Bank of Zimbabwe

The plan by government to suspend or withdraw trading licences for 17 pharmaceutical companies who are accused by the central bank's Financial Intelligence Unit (FIU) of pegging prices using black market foreign currency rates has been…
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Former Finance Minister Tendai Biti has slammed the treasury for instituting unsustainable "command economics" when the economy has already "entered a third cycle of hyperinflation".
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President Emmerson Mnangagwa has prohibited the Reserve Bank of Zimbabwe (RBZ) from borrowing foreign currency amid the surge in the crippling financial crisis in Zimbabwe.
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By Eddie Cross These past two weeks we have seen the local currency crash, panic over the real value of our USD accounts with the banks and retail prices changing so fast the supermarkets could not keep up and simply started to price…
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By Chenayi Mutambasere At the peak of Covid 19, Peggy Noonan, a weekly columnist for The Wall Street Journal, coined the statement: "A grave crisis calls for reason and realism not an abundance of caution!".... This statement appears…
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The latest report by Parliament's Portfolio Committee on Defence, Home Affairs and Security Services on the security of minerals, illicit trading and mineral leakages has confirmed that delay in payments for gold by Fidelity Gold Refiners…
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The Reserve Bank of Zimbabwe has increased its main lending rate to 150%, undoing a rate cut made in March, as it faces challenges with the currency crisis. The bank’s monetary policy committee (MPC) said on Tuesday that the foreign…
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Measures to stabilise the economy announced by Finance Minister Mthuli Ncube on Monday will, according to economic analyst Tinashe Murapata, not save the Zimbabwean dollar but they are just meant to raise money for elections under Treasury…
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President Emmerson Mnangagwa has been accused of wrongly blaming the business sector for the spiraling inflation coupled by the financial crisis while exonerating the Reserve Bank of Zimbabwe (RBZ) which has reportedly been on a spree of…
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Finance Minister Mthuli Ncube has been summoned to Parliament to explain how the government is dealing with allegations of massive corruption, money laundering and smuggling responsible for the continuous downfall of the economy.
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