The scenario has also pushed up inflation as local shops have continued to benchmark their price using the parallel market exchange rate. “We continue to witness some increases in aggregate demand in the economy and that increase is mainly attributed to the use of local currency, what we have...
“If there had been any directive for the sale, it would have had to be addressed to the Reserve Bank as the approving authority. We can categorically confirm that the Reserve Bank never received any such directive, neither has it processed any application from the named investors. Accord...
Zimbabwean inflation matrix needs cautious approachFebruary 19, 2023In "Economic Analysis" Mthuli Ncube threatens fresh interest rate hike . . . as currency depreciation persistsMay 3, 2023In "Economic Analysis" Zim Central Bank holds inflation projections steady, but analysts defyNovember 11, 2024In...
28 Mar 2024 at 12:10hrs | Views President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of John Mushayavanhu as the new Reserve Bank of Zimbabwe governor, hoping to stem the collapse of the local currency.The official exchange rate moved from US$1 : ZWL$6,000...
Responding to questions from The Sunday Mail, Dr Mushayavanhu said a US$500 million current account surplus recorded in 2024 has further reinforced market confidence. “Indeed, the exchange rate has been strengthening on the foreign exchange parallel market, reflecting the effectiveness of the tight...
Recently, the World Bank credited Zimbabwe’s monetary authorities for implementing sound exchange rate policies that have led to relative stability on the local currency. “The government’s efforts to stabilise prices through prudent fiscal policy and rules-based monetary and exchange rate policies ha...
RBZ Governor Reaffirms 25% Forex Surrender Requirement for Mineral ExportsMay 30, 2024In "Economic Analysis" Calls for Exchange Rate Reforms and Liquidity Adjustments Ahead of 2025 Monetary Policy StatementFebruary 2, 2025In "Banking" Industry’s forex access challenges manageableMay 3, 2021In "Banki...