The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe says the country is on course to attaining a positive economic trajectory growth in 2021 and 2022 respectively. In a statement following a meeting to deliberate on the macroeconomic and financial developments in the economy
The Reserve Bank of Zimbabwe (RBZ) has listed 18 entities facing penalties for abusing the foreign currency exchange auction. In a statement, the central bank said the Financial Intelligence Unit had carried out investigations which showed some companies were abusing the foreign exchange auction system. “The Reserve Bank
This morning the Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya presented the first half, 2020 Monetary Policy Statement (MPS) amid huge expectations for remedies to soothe the increasingly anxious financial market. However, as expected the governor presented much of what the Monetary Policy Committee
The Movement for Democratic Change has blasted government's decision to renew Dr John Mangudya’s term as the Governor of the Reserve Bank of Zimbabwe (RBZ) saying its an insult to the suffering masses of Zimbabwe. This comes after the Deputy Chief Secretary in the Office of the
Government is finalising discussions with the African Export-Import Bank (Afreximbank) towards a US$500 million Nostro Stabilisation Guarantee Facility (NSGF) to provide Nostro FCA holders with assurance that foreign currency shall be available when required by the account holders, the Reserve Bank of Zimbabwe (RBZ) has
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