RBZ
The Reserve Bank of Zimbabwe (RBZ) has announced a decisive tightening of its monetary policy in an effort to curb soaring inflation. Following a recent meeting of the Monetary Policy Committee (MPC), the central bank has adjusted its key policy rate, which acts as the benchmark for inter-bank transactions, in a bid to rein in […]
The Zimbabwe Congress of Trade Unions (ZCTU) has called on employers to establish a minimum wage in United States Dollars (USD) to protect vulnerable workers. This appeal comes in response to the Reserve Bank of Zimbabwe’s (RBZ) recent devaluation of the Zimbabwean Gold (ZiG) currency, which has significantly impacted workers’ salaries. In a statement, ZCTU […]
The Governor of the Reserve Bank of Zimbabwe (RBZ), Dr. John Mushayavanhu, has provided insights into the recent decline in the value of the Zimbabwe Gold (ZiG) currency, despite the increase in global gold prices. On Friday, the RBZ devalued the ZiG by 44%, reducing its value from 13.99 to 24.39 per US dollar. Dr. […]
The Reserve Bank of Zimbabwe (RBZ) has taken a step towards regulating the licensing of all business operators to have a bank account and point of sale (POS) machines, promoting the use of plastic money in Zimbabwe and modernizing the country’s payment systems to reduce reliance on cash transactions. The RBZ aims to deploy inspectors […]
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe, is taking steps to ensure sufficient local currency, the ZiG, remains in circulation to support normal business transactions and economic activity. The RBZ has announced a new arrangement with Homelink to widen public access to ZiG cash, leveraging Homelink’s existing branch network across the country. Starting Monday, […]
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