HARARE, Oct. 29 (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ) said Tuesday it will introduce a new currency in the next two weeks as it seeks to plug cash shortages in the economy. The new currency, which will circulate alongside the bond notes and coins that were introduced in 2016,...
The Reserve Bank of Zimbabwe (RBZ) says it is moving ahead with plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach.RBZ Governor Dr John Mangudya said the bank's intention to explore the CBDC was pursuant to the Cabinet decision of November 2021 and "...
HARARE, April 6 (Xinhua) -- The Reserve Bank of Zimbabwe is set to introduce a new 100-dollar Zimbabwe dollar (ZWL) note, following instructions by Finance and Economic Development Minister Mthuli Ncube. The instructions were given by Ncube in a "Statutory Instrument" published in the April ...
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Presenting his maiden 2024 monetary policy statement (MPS), which ushered in the new currency called Zimbabwe Gold (ZiG), the newly appointed governor declared that he would discontinue all quasi-fiscal activities, and contain money supply.
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THE Reserve Bank of Zimbabwe (RBZ) last week moved to contain growing inflationary pressures and exchange rate volatility by hiking the bank’s policy rate from 40 percent to 60 percent. Resurgent inflationary pressures came at a time when authorities ha
In a notice on Thursday, May 4, the Reserve Bank of Zimbabwe (RBZ) invited financial institutions and individuals to subscribe to its upcoming gold-backed digital currency. As per the initial plans, the gold-backed digital tokens will be available to investors starting May 8. The central bank...
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HARARE - Zimbabwe expects its external sector position to remain relatively strong and in the process support exchange rate stability while adding further impetus to the ongoing disinflation drive, the Reserve Bank of Zimbabwe has said. Interestingly, th