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
Government has dismissed rumors circulating on social media that Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya has been dismissed and replaced by former World Bank Africa Executive Director, Andrew Gwambe.
Social media and online news sites went into overdrive yesterday with the news of Mangudya's
President Emmerson Mnangagwa has for the first time spoken out on the prevailing economic situation in the country, saying his government is working to reform and restructure the economy while urging businesses not to panic as multi-currency system will not be phased out soon.