Reserve Bank Of Zimbabwe
latest news & developments
SAA in talks to recoup R350-million in blocked funds from Zimbabwe
The cash-strapped national carrier is in the process of recouping its blocked funds from Zimbabwe, which could go towards financing the airline’s business rescue plan
The case for investment in Zimbabwe’s economic rebirth
Encouraged by the positive sentiment of recent weeks, the Reserve Bank of Zimbabwe now predicts 4% GDP growth in 2018.
Zimbabwe’s financial system is living on borrowed time —and borrowed money
Years of political instability and economic mismanagement under the rule of ZANU-PF have left Zimbabwe’s financial system in chaos
Taxpayers expected to rescue Zimbabwe’s Reserve Bank
Political largesse broke the Reserve Bank of Zimbabwe; now the state wants the public to fill up the coffers, but they are not amused.
Zim: Moves to calm jittery banks
Foreign-owned financial institutions have indicated that they will withdraw if forced to indigenise.
Zim: Rescue plan falls through
The Reserve Bank plan to inject liquidity into the economy with a $100m interbank trade facility is dead in the water. So now what?
Zim needs to know its yen from its yuan
Zimbabwe is now the only country to use nine currencies as legal tender, but this is likely to lead to headaches for consumers and traders.
Zim banks fear having to pay for forex raid
A court has told a bank to return money taken by the Reserve Bank, which has raised fears about a possible flood of legal suits against banks.
Zim empowerment: Cambria’s indigenisation proposal under fresh scrutiny
After giving Cambria’s indigenisation plan a thumbs-up last May, Zimbabwe’s indigenisation ministry is now reassessing the company’s proposal.
Liquidity crisis puts Zim economy at risk
Warning bells are sounding in Zimbabwe as cheap imports replace locally made products and the manufacturing sector stagnates.
Zimbabwean depositors shun banks
Unstable policies have resulted in Zimbabwe’s citizens relying more on cash and shying away from depositing their money in banks.
Zimbabwe’s inflation figures don’t add up
Zimbabwe’s annual inflation rate remained unchanged at 4.3% in February, according to official statistics.
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 lays off hundreds of employees
Zimbabwe’s central bank laid off three-quarters of its workforce — more than 1 400 employees — on Friday to cut costs, state media reported.
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.