Reserve Bank of Zimbabwe

Govt probes fuel companies 

Source: Govt probes fuel companies – DailyNews BLESSINGS MASHAYA Senior Staff Writer   THE government has ordered a probe into oil companies accused of abusing a Reserve Bank of Zimbabwe (RBZ) foreign currency facility that allows them to secure fuel — but which they are now allegedly selling in foreign currency instead of the local […]
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RBZ yet to announce tobacco payment modalities

Source: RBZ yet to announce tobacco payment modalities | eBusiness Weekly Business Writer The Tobacco Industry and Marketing Board (TIMB) says payment modalities for the 2021 tobacco marketing season will only be established after the announcement of this year’s monetary policy statement. Previous payment modalities have been attributed among other factors responsible for tobacco production […]
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RBZ under pressure to get things right

Source: RBZ under pressure to get things right – The Zimbabwe Independent TATIRA ZWINOIRA FITCH solutions, a United States-based research firm said this week the Reserve Bank of Zimbabwe (RBZ)’s efforts to stabilise the markets will remain constrained by foreign currency shortages. Tipping Zimbabwe’s gross domestic product (GDP) to rise by 1,3% this year following […]
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Implication of the latest MPC deliberations

Source: Implication of the latest MPC deliberations | Theindependent (Zimbabwe) Respect Gwenzi:ANALYST Last week the Monetary Policy Committee made some key policy pronouncements regarding the retention of foreign currency by exporters as well as the compulsory liquidation of unutilised foreign currency balances. The Monetary Policy Committee (MPC) is a committee appointed by the Minister of […]
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RBZ backs down on exporters’ free funds 

Source: RBZ backs down on exporters’ free funds – NewsDay Zimbabwe BY TAURAI MANGUDHLA THE central bank has made a raft of major reforms to stabilise the foreign exchange market, including immediately scrapping the much-loathed compulsory requirement to liquidate unutilised export proceeds within 60 days. This came after industry raised concerns over the compulsory liquidation […]
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Zimbabwe is hemorrhaging gold. Can a key reform curb smuggling?

Source: Zimbabwe is hemorrhaging gold. Can a key reform curb smuggling? | Business and Economy News | Al Jazeera Zimbabwe is losing an estimated $100m a month to gold smuggling – an illicit trade that is heightening violence in the country. But efforts to reform the sector are underway. Harare, Zimbabwe – When Henrietta Rushwaya was […]
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Paint company violates RBZ regulations

Source: Paint company violates RBZ regulations | Herald (Crime) Court Reporter A local paint company yesterday appeared at the Harare Magistrates Court for violating the Reserve Bank of Zimbabwe regulations, which compels it to disclose its daily cash sales and deposit returns on its transactions for 50 days. Kingdom Paints, which was represented by Joseph […]
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July 31 and the political economy failures of sorts 

Source: July 31 and the political economy failures of sorts – NewsDay Zimbabwe IT was during the French Revolution of the 1780s when a scholar noted that, “things must be bad in society for men to throw everything in violence. Men cannot risk everything for nothing.” The protest penned for July 31 is a culmination […]
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Zimdollar in 5% drop at central bank forex auction

Source: Zimdollar in 5% drop at central bank forex auction – NewsDay Zimbabwe THE Zimbabwe dollar fell 5% to $72,14 against the greenback yesterday at the central bank’s foreign currency auction. BY BUSINESS REPORTER At last week’s auction, bidding ended at a rate of US$1:$68,88 The highest bid at the end of yesterday’s foreign currency […]
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RBZ forex auction round 5, rate now at 72.15

Reserve Bank Forex Auction round 5 is in the books. Source: RBZ forex auction round 5, rate now at 72.15 – Techzim The fifth Foreign Exchange has been completed and the results are as follows: New rate is ZWL$72.147 The highest rate ZWL$82.17000 The lowest rate ZWL$55.00 The lowest accepted rate ZWL$70.00 Total bids amounted […]
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