The Reserve Bank of Zimbabwe (RBZ) has appointed Dr Innocent Matshe as Deputy Governor with effect from 1 October 2022 replacing Dr Kupukile Mlambo whose tenure expired in June this year. Matshe has worked for the African Economic Research Council (EARC), as a World Bank Consultant,
263Chat · Mangudya Regrets Dollarisation Reserve Bank Governor m Dr John Mngudya recently revealed that the 2009 dollarization created multifaceted problems for the country whose effects are being felt to this day as citizens have lost confidence in the Zim Dollar. Addressing a public lecture at Manicaland
Zimbabweans with access to free funds can now pay for goods and services in foreign currency, the Reserve Bank Of Zimbabwe has said. Last year, In a bid to defend bond Notes, the government outlawed the use of the United States dollar and a host of other
Reserve Bank of Zimbabwe (RBZ) has come under fire over inefficiencies in the operations of the inter-bank foreign exchange market arising from alleged manipulation of the exchange rates by the Central Bank, 263Chat Business can report. The inter-bank market was established last year to create a
Zimbabwe needs at least five years to complete the de-dollarization process which started last year in June following the abolishment of the multi-currency system, Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has said. De-dollarization is the transitional process from an American dollar denominated economy to
The coins being rejected are the 25 cents and 50 cents units, but fears are that the $1 could soon meet its unfortunate fate whereas the biggest denomination is $5.
The Zimbabwe Energy Regulatory Authority (ZERA) has issued a stern warning to fuel operators against fuel price increases and hoarding of the commodity. In a statement, ZERA said it has deployed police officers to ensure compliance with the directive. “The Petroleum Industry is advised that the prices
Zimbabwe’s former finance minister and opposition deputy national chairperson Tendai Biti has described Dr Mangudya’s Wednesday Monetary Policy Statement as mendacious and a technical fix for business institutions.
There is an outcry burst after the High Court yesterday ruled in favor of controversial business man Wicknell Chivhayo’s Intratek Company exonerating it from any wrong doing in its contractual arrangement with Zimbabwe Power Company while furore also rose after the four central
The government has moved to dismiss Finance and Economic Development Minister Professor Mthuli Ncube's latest appointee Communications Taskforce chair William Mutumanje Lumumba barely four days after the latter exposed rot corruption at the central bank.
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