Reserve Bank of Zimbabwe (RBZ)

  • Markets

    RBZ raises bank policy rate to 60%

    THE Reserve Bank of Zimbabwe’s (RBZ) monetary policy committee (MPC) raised its policy rate from 40% to 60% on October 28, in an attempt to gain control over soaring inflation and stabilise the exchange rate. “The measure is expected to result in positive real interest rates, which is critical to foster savings in the economy,” governor John Mangudya said in…

    Read More »
  • Business Briefs

    Airtime vendors in checkmate as RBZ bans bulk recharge cards

    THE Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit has proposed the phasing out of physical bulk airtime recharge sales and put a cap on individual electronic purchases, citing the need to curb the rampant abuse of the platforms by illicit currency speculators. The measures are contained in a circular sent to mobile network operators dated October 22, in which…

    Read More »
  • 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…

    Read More »
Back to top button
A note to all Zimbabwe Voice News website visitors:

We use cookies to improve our service for you. You can find more information in our Privacy Policy page.