The Reserve Bank of Zimbabwe (RBZ) has declared its stringent monetary strategy a success, pointing to a major departure from past habits of excessive money printing and an increased emphasis …
RBZ
-
-
BUSINESS NEWS
RBZ Denies Foreign Currency Shortage, Claims Supply Exceeds Demand
by Kells Dzivaby Kells DzivaThe Reserve Bank of Zimbabwe (RBZ) has stated that there is no shortage of foreign currency in the economy, emphasizing that supply actually exceeds the demand from entities with valid …
-
Business leaders have commended the Reserve Bank of Zimbabwe for maintaining a tight monetary policy, which has stabilised the exchange rate of the ZiG against the US dollar. The sentiment …
-
BUSINESS NEWS
Economists Criticize RBZ’s 2025 Monetary Policy for Failing to Address Key Economic Issues
by Kells Dzivaby Kells DzivaThe Reserve Bank of Zimbabwe’s (RBZ) 2025 Monetary Policy Statement (MPS), presented by Governor John Mushayavanhu, has come under heavy criticism from economists, who argue that it fails to address …
-
BUSINESS NEWS
Reserve Bank of Zimbabwe to Enforce ZiG Acceptance Nationwide
by Kells Dzivaby Kells DzivaReserve Bank of Zimbabwe (RBZ) has announced that it will widen its ongoing blitz on businesses across the country, defying the Government directive to accept the use of multicurrency, which …
-
BUSINESS NEWS
“Hapana kana 1 CheUSD chirikuoneka mumari iyi” – RBZ Devalues ZiG
by Kells Dzivaby Kells DzivaThe Reserve Bank of Zimbabwe (RBZ) has devalued the local currency, pushing its exchange rate to ZW$24.39 against the US dollar. This adjustment comes in response to growing exchange rate …
-
BUSINESS NEWS
RBZ Dismisses Claims of Converting Foreign Currency Remittances to ZiG
by Kells Dzivaby Kells DzivaReserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu says the central bank does not intend to implement a policy requiring recipients of diaspora remittances to convert their funds into ZiG. …
-
The Reserve Bank of Zimbabwe (RBZ) is set to inject US$50 million into the interbank foreign exchange market. This move aims to bolster bank funding for crucial imports and alleviate …
-
BUSINESS NEWS
Legal Storm Brews as Local Businesses Threaten To Sue RBZ
by Kells Dzivaby Kells DzivaBusinesses are considering taking legal action against the Reserve Bank of Zimbabwe (RBZ) over its decision to withhold payment for outstanding foreign currency auction allotments, reported Business Times. The Central …
-
BUSINESS NEWS
RBZ Implements Higher Forex Reserve Ratio to Fortify ZiG Stability
by Kells Dzivaby Kells DzivaThe Reserve Bank of Zimbabwe (RBZ) has made a strategic move to bolster the stability of the Zimbabwean Dollar (ZiG) by adjusting the foreign currency statutory reserve ratio on demand …