“All fuel sales will exclusively accept ZiG as payment”: Guvamatanga Finance, Economic Development, and Investment Promotion Permanent Secretary George Guvamatanga announced that all Government ministries, departments, and agencies will soon …
RBZ
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The Reserve Bank of Zimbabwe (RBZ) has directed all banks and microfinance institutions that are not compliant with the regulatory minimum capital requirements not to declare dividends. In October 2022, …
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LOCAL NEWS
Demand Surges for RBZ Gold-backed Digital Tokens: ZW$5.2 Billion Allocated
by Kells Dzivaby Kells DzivaDemand Surges for RBZ Gold-backed Digital Tokens: ZW$5.2 Billion Allocated RBZ Gold-backed Digital Tokens Issue No. 44/2024 saw a flurry of interest as the Reserve Bank of Zimbabwe disclosed the …
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LOCAL NEWS
RBZ Wins Appeal Against Philton Makena Over Leaked Document
by Kells Dzivaby Kells DzivaThe Reserve Bank of Zimbabwe (RBZ) has successfully appealed against a Labour Court decision supporting the reinstatement of its former economist, Philton Makena, who was dismissed for leaking a confidential …
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LOCAL NEWS
RBZ Launches Inquiry On Kreamorn Investments Following Allegations of Auction Misconduct and Fraud
by Kells Dzivaby Kells DzivaThe Reserve Bank of Zimbabwe has launched an inquiry into Kreamorn Investments (Private) Limited, following gross allegations of misconduct. The investigation was prompted by a complaint from Mr. Tendai Mashamhanda. …
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BUSINESS NEWS
RBZ 07 Aug 2023 Gold Prices In USD, ZAR, BWP, AUD, GBP, EUR, ZWD
by Kells Dzivaby Kells DzivaThe Reserve Bank of Zimbabwe (RBZ) has released the Mosi-Oa-Tunya gold coin price and gold-backed digital token price per milligram (MG) as of 07 August 2023. In a statement seen …
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The Reserve Bank of Zimbabwe (RBZ) is reportedly planning to stabilise the Zimbabwe dollar by introducing a new currency backed by gold tokens. The Sunday Mail reported that RBZ would …
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BUSINESS NEWS
13 Companies Blacklisted For Fueling Illegal Foreign Exchange Market
by Kells Dzivaby Kells DzivaProfessor Mthuli Ncube, the minister of Finance and Economic Development, has announced that 13 companies have been blacklisted for fueling the illegal foreign exchange market. In a statement seen by …
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The Reserve Bank of Zimbabwe (RBZ) has said about 70% of domestic expenditure is in US dollars. This was announced by RBZ Governor John Mangudya in the 2023 Monetary Policy …
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BUSINESS NEWS
RBZ Warns Govt Suppliers Against Participating In Parallel Market Forex Trading
by Kells Dzivaby Kells DzivaThe Reserve Bank of Zimbabwe (RBZ) has warned government suppliers against participating in parallel market forex trading. In a statement seen by Pindula News, the central bank said those doing …