RBZ, industry disagree on de-dollarisation

RBZ, industry disagree on de-dollarisation

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...
RBZ, industry disagree on de-dollarisation

Parallel market US$ rate re-gains after dip

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...
RBZ warns exchange rate manipulators

RBZ warns exchange rate manipulators

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...
TBs auction a huge success – Finance Minister

TBs auction a huge success – Finance Minister

Harare, (New Ziana) – Finance and Economic Development Minister, Professor Mthuli Ncube said on Wednesday the Treasury Bills auction system re-introduced mid-this year to mobilise funding for government has been a “huge success under very difficult economic...
RBZ warns exchange rate manipulators

RBZ issues new $300 mln TBs

Harare,(New Ziana) – The Reserve Bank of Zimbabwe (RBZ) on Monday floated 272-day treasury bills seeking to raising $300 million to be used to finance government operations. The latest tender becomes the ninth since August this year when issuance of the instrument...