RBZ Monetary Policy Committee

  • Business Briefs

    Zimbabwe’s $50 note out shortly

    ZIMBABWE treasury authorities announced on Thursday that the Reserve Bank of Zimbabwe (RBZ) would shortly introduce a $50 note, while raising cash withdrawal limits to Z$2,000 per day from Z$1,000. The central bank also lifted its main lending rate to 40 percent from 35 percent previously in a bid to reduce liquidity and control speculation in its foreign currency market.…

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  • Analysis

    Eddie Cross told to shut up and let RBZ do its job

    By Dr Tim Rainhard In September 2019, Finance and Economic Development Minister, Professor Mthuli Ncube, appointed a nine-member Monetary Policy Committee (MPC) to influence the Reserve Bank of Zimbabwe (RBZ)’s monetary policy. Crucially, the MPC’s wide-sweeping responsibilities extend to setting limits on the Bank’s open market operations, ensuring price stability, and determining interest rates. Chaired by Central Bank Governor, Dr…

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  • Business Briefs

    RBZ to introduce $50, $100 and $200 bank notes

    THE Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denomination banknotes to increase physical money supply, curb cash shortages and improve transacting convenience. Authorities have approved the introduction, into circulation, of new $50, $100 and $200 banknotes this year. The Sunday Mail reported that the $50 note will be introduced first, while plans to introduce…

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