2.First-rate; excellent:a capital idea. 3.Relating to or being a seat of government. 4.Extremely serious:a capital blunder. 5.Involving death or calling for the death penalty:a capital offense. 6.Of or relating to financial assets, especially being or related to those financial assets that...
“This measure helps in controlling inflationary pressures by curbing the potential for an overheating economy fuelled by an abundance of available credit. Moreover, it enhances the central bank’s ability to manage exchange rate stability by influencing the supply of foreign currency in the mark...
“The central bank also has enough resources to intervene if we think that the exchange rate is going out of hand,” he added. Mushayavanhu said the issue of illegal foreign currency dealers would soon be a thing of the past. “I heard illegal forex dealers yester...
"This is a big help, but we need more, and we need them faster," Ghebreyesus told a WHO news conference on Monday. Some 10,000 people are still dying each day from the disease and critically ill patients in Africa had a higher mortality rate, he said. Novavax American biotechnology c...
The World Bank highlighted the need for Zimbabwe to tackle price and exchange rate volatility and public debt arrears to support economic growth and job creation in 2024. In a report released on 13 December, the World Bank singled out energy shortages as the biggest stum...
Announcing 'Project Sunrise', Reserve Bank of Zimbabwe governor Gideon Gono said the introduction of a new set of banknotes, dubbed 'little heroes', would help Zimbabwean consumers deal with the country's hyperinflation, the highest inflation rate in the world. This 'rebasing' of the Zimbabwe...
“To be proactive in providing a stable framework for the economic development of Nigeria, through effective, efficient, and transparent implementation of monetary and exchange rate policy, and management of the financial sector’ (CBNi, 2018). The mission statements of the central banks of South ...
HARARE - The Zimbabwe dollar today fell by 89 cents to average $88.5532 at today’s foreign currency auction which saw 1 608 entities allotted US$46.5 million. The fall came as the Reserve Bank of Zimbabwe named 47 individuals whom it said were involved
Earlier today, the Reserve Bank of Zimbabwe (“the Bank”) issued a statement raising its concern on the illegal activities of foreign exchange rate manipulators who have been engaging in activities that have exerted pressure on the exchange rate in the last few days. The Bank escalated the mat...