Harare, (New Ziana) – The Reserve Bank of Zimbabwe (RBZ) on Monday left the overnight accommodation rate unchanged at 35 percent, and forecast annual inflation to close the year at around 50 percent. Presenting a bullish first half monetary policy statement, central bank governor, Dr John Mangudya said the stability of the rate, which was […]
Harare,(New Ziana) – The Reserve Bank of Zimbabwe (RBZ) and captains of industry on Friday sharply differed on the currency in use in local trading. Government mid-last year outlawed use of multi currencies in the economy, marking a return of the Zimbabwean dollar as the official mono-currency. But since then several institutions and sectors such […]
Harare, (New Ziana) – The Zimbabwe dollar appeared to lose ground against the greenback on the parallel market on Monday after advancing three percentage points at the weekend following warnings by the Reserve Bank of a renewed crackdown on players propping up the illegal market. The parallel exchange rate, which last Friday topped at around […]
Harare, (New Ziana) – The Reserve Bank of Zimbabwe (RBZ) said on Friday it has directed its Financial Intelligence Unit to track down and freeze accounts held by foreign currency dealers who are exerting pressure on, and destabilising the exchange rate. Black market rates have gone up to around RTGS$25 for one US dollar up […]