The Reserve Bank of Zimbabwe (RBZ) has called on the public not to panic over rising year-on-year inflation saying the increase is temporary and mainly caused by a past price shock. In a statement, RBZ Governor Dr. John Mushayavanhu said the annual inflation for the Zimbabwe
NMB Holdings has posted a strong start to 2025, recording a profit after tax of ZWG 56 million for the quarter ended March 31, despite operating in a tightly controlled monetary environment. In a trading update, NMB Group Company secretary Violet Mutandwa said the period was
The Reserve Bank of Zimbabwe (RBZ) says about 4500 small denominated gold coins should be available for purchase by the public from local banks starting next week Tuesday as the Bank intensifies mopping up excess liquidity in the market. Authorities introduced the Mosi-oa- tunya gold coins
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
Reserve Bank of Zimbabwe (RBZ) has revealed that the formal use of the Real Time Gross Settlement (RTGS) dollars as a unit of account and settlement currency will help eliminate multiple pricing and other distortions; while preserving foreign currency for foreign payments. Addressing a Minex stakeholder
Deputy Minister of Information, Media and Broadcasting Services Energy Mutodi has dismissed as false claims by opposition legislator Tendai Biti that government was on the verge of introducing a new currency. Biti announced earlier today that some government sources had confided in him that a new
In a desperate bid to contain a potentially worsening economic crisis, government yesterday convened an emergency meeting with captains of industry to try and find solutions to the recent prices hikes. Addressing the media soon after a closed door meeting, Industry and Commerce Minister Mangaliso Ndlovu
Government has insisted that it will not return to the infamous price control system, previously attributed to shortage of basic commodities in 2008. Addressing a stakeholder dialogue on prices and pricing models yesterday, Minister of Industry and Commerce Mangaliso Ndlovu said government was in the process of
Grain Millers Association of Zimbabwe (GMAZ) Chairman Tafadzwa Musarara has hinted at approaching the Reserve Bank of Zimbabwe (RBZ) to ring-fence allocation of foreign currency for basic commodities including flour, rice, salt and bread to guard against diversion to less important items like sweets and
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
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