RBZ suspends money transfer service InnBucks
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has announced the suspension of money transfer service provider InnBucks owned by Simbisa Brands for operating 'illegally'.
John Mangudya
Zimbabwe introduces $100 bank note amid soaring inflation
The Reserve Bank of Zimbabwe (RBZ) will introduce a new 100 ZWL note following the issuance of Statutory Instrument 68A by the Minister of Finance and Economic Development in 2022.
Businesses Refusing Zimdollar Face Arrest
HARARE – Zimbabwe will not adopt the United States dollar as the country’s sole currency, but will work to progressively defend the value of the local unit, while businesses that refuse to accept the Zimbabwe dollar risk arrest, Finance and Economic Development Minister, Professor Mthuli Ncube, has said.
Central Bank Approves Black Market Rates
Retailers can continue to use parallel market exchange rates, Reserve Bank of Zimbabwe governor John Mangudya said in a statement issued on Monday.
Zimbabwe Reviews Inflation Projections
Zimbabwe's annual inflation may breach the upper cap of 25 percent target in 2021 on surging global commodity markets, supply disruptions, stimulus interventions and currencies depreciation induced by the coronavirus pandemic.
Zim External Debt Rise To US$17bn
HARARE — The country is in debt-distress as it closed the year 2020 owing to its external creditors as much as US$10,523 billion in Public and Publicly Guaranteed debt with more expected to be loaded on the total bill, Business Weekly revealed in a report.
Zimbabwe names new Monetary Policy Committee
HARARE - Finance and Economic Development Minister, Professor Mthuli Ncube on Sunday appointed five new members to Reserve Bank of Zimbabwe Monetary Policy Committee (MPC).
Zimbabwe acquired US$1.4 billion loans from Afreximbank since 2017
HARARE - Finance Minister, Professor Mthuli Ncube has disclosed that the Reserve Bank of Zimbabwe acquired three loans from Afreximbank since 2017 totaling a massive US$1.4 billion.
President Mnangagwa Extends Mangudya’s Contract
HARARE - President Emmerson Mnangagwa has extended the term of central bank governor Dr John Mangudya for another five years.
