Reserve Bank of Zimbabwe (RBZ)

  • Business Briefs

    RBZ forex auction is in trouble: Eddie Cross

    It is clear that the Auction for foreign exchange is in trouble. The arrears now stand at over US$200 million. That is equivalent to nearly Z$18 billion and the delays are having a serious impact on company cash flows and confidence in the system overall. While the SME Auction is playing a key role in the economy and is giving…

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  • Business Briefs

    RBZ introduces new $50 note

    By Mutsa Makuvaza THE Reserve Bank of Zimbabwe (RBZ) has introduced a new ZW$50 bill which it says comes into effect from 7 July 2021. RBZ Governor, John Mangudya made the announcement in a statement today. “The Reserve Bank of Zimbabwe wishes to advise the public that the ZW$50 banknote issued on 6 July 2021 through Statutory Instrument 196 of…

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  • Business Briefs

    RBZ to allow miners to export a portion of their gold

    THE Reserve Bank of Zimbabwe (RBZ) will allow large-scale gold mining companies to directly export a portion of their bullion, an official said, as the bank gradually eases its control of gold trading in the country. The central bank-owned Fidelity Printers and Refiners (FPR) is the sole buyer, refiner and exporter of gold in the southern African nation but has…

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