John Mangudya
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Markets
RBZ starts clearing forex auction backlog
THE Reserve Bank of Zimbabwe (RBZ) has started clearing the backlog of foreign exchange auction allotment after receiving funds from Treasury. In a statement on Tuesday, RBZ Governor John Mangudya said the central bank has received funds from Government. “Further to previous communication that Government would be providing funds to clear the ring-fenced backlog of foreign exchange auction allotments, the…
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Markets
RBZ shuts down black market forex trading platform
THE Reserve Bank of Zimbabwe has shut down a popular black-market currency-tracking platform, the latest action to try and stop an accelerating decline in the local currency. The central bank ordered marketwatch.co.zw and other sites that publish parallel-market currency rate to shut down, Governor John Mangudya said on Tuesday. The website has been used by residents and businesses to guide…
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Business Briefs
Artisanal miners to undergo compulsory registration, training
ALL artisanal miners will soon be required to be registered as part of efforts by the Government to formalise their operations, curb illegal gold dealing and protect the environment, Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya has said. Mangudya said this when he appeared before the National Assembly Portfolio Committee on Environment, Climate and Tourism yesterday. It is estimated…
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