Zimbabwe's reserve bank up to its ears in debt

The Reserve Bank of Zimbabwe is severely hamstrung by a debt bill of $1.5-billion.

Zim central bank to cut 1 600 jobs

Zimbabwe's central bank will lay off 74% of its workers as part of a drive to return focus to its core role as a monetary authority.

Cuckold story taken with a pinch of salt

Speculating about the alleged misfortunes of their leader is a national pastime for Zimbabweans.

IMF: Zim central bank needs reform

Governance at Zimbabwe's central bank must be strengthened and its role refocused after the country abandoned its local currency, the IMF says.

Zim Parliament passes Bill to reform central bank

Zimbabwe's lower house of Parliament has passed a Bill to reform central bank operations that will reduce the powers of its governor.

Zim officials clash over use of IMF cash

Zimbabwe's central bank chief on Wednesday accused Finance Minister Tendai Biti of stalling the distribution of $510-million received from the IMF.

IMF provides $510m loan for Zimbabwe

Zimbabwe's crippled economy received a boost when the IMF sanctioned a $510-million loan, its first to the country in a decade.

Zim state bank boss calls for gold-backed currency

Zimbabwe's central bank governor on Thursday proposed bringing back the worthless local currency and ensuring its value by backing it with gold.

Gono slams Zim banks

Zimbabwe Reserve Bank Governor Gideon Gono has slammed some local banks for allegedly holding on to millions of US dollars.

Mugabe defends beleaguered central bank chief

Zimbabwe's central bank chief, who presided over world-record hyperinflation, will keep his job despite objections raised within the unity government.

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