Reserve Bank of Zimbabwe

Reserve Bank of Zimbabwe (RBZ) has revealed that the formal use of the Real Time Gross Settlement (RTGS) dollars as a unit of account and settlement currency will help eliminate multiple pricing and other distortions; while preserving…

Deputy Minister of Information, Media and Broadcasting Services Energy Mutodi has dismissed as false claims by opposition legislator Tendai Biti that government was on the verge of introducing a new currency. Biti announced earlier today…

In a desperate bid to contain a potentially worsening economic crisis, government yesterday convened an emergency meeting with captains of industry to try and find solutions to the recent prices hikes. Addressing the media soon after a…

Government has insisted that it will not return to the infamous price control system, previously attributed to shortage of basic commodities in 2008. Addressing a stakeholder dialogue on prices and pricing models yesterday, Minister of…

Grain Millers Association of Zimbabwe (GMAZ) Chairman Tafadzwa Musarara has hinted at approaching the Reserve Bank of Zimbabwe (RBZ) to ring-fence allocation of foreign currency for basic commodities including flour, rice, salt and bread to…

The Movement for Democratic Change has blasted government's decision to renew Dr John Mangudya’s term as the Governor of the Reserve Bank of Zimbabwe (RBZ) saying its an insult to the suffering masses of Zimbabwe. This comes after the…

Government has dismissed rumors circulating on social media that Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya has been dismissed and replaced by former World Bank Africa Executive Director, Andrew Gwambe. Social media and…

President Emmerson Mnangagwa has for the first time spoken out on the prevailing economic situation in the country, saying his government is working to reform and restructure the economy while urging businesses not to panic as…

Grain Millers Association of Zimbabwe (GMAZ) has distanced itself from the new bread prices announced by bakeries saying they have not increased flour prices to warranty such a hike. According to a leaked letter from Lobels Bread to OK…

Chief Executive Officers under the banner of CEO Africa Round table have condemned government decision to lift an earlier ban on importation of basic commodities saying the move will result in loss of employment and subject locally produced…