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Zimbabwe's forex receipts jump 23%

Zimbabwe recorded a 23,1 percent surge in foreign currency receipts during the first half of 2025 compared to the same period last year, signalling growing confidence in the country's formal channels and resilience in its external sector.A…

Published: 15 Aug 2025 at 08:33hrs | 95 | by Staff reporter

Zimbabwe to unveil de-dollarization roadmap in November

Zimbabwe's central bank has announced its decision to launch a de-dollarisation roadmap in November, along with the new five-year economic blueprint.In his 2025 mid-term monetary policy statement, Reserve Bank of Zimbabwe (RBZ) Governor Jo…

Published: 12 Aug 2025 at 11:01hrs | 476 | by Staff reporter

RBZ Chief charts path to monetary stability

Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking sector's resilience, despite persistent m…

Published: 01 Aug 2025 at 13:12hrs | 177 | by Staff reporter

Mushayavanhu under fire for outdated monetary assumptions

Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed by gold pound-for-pound - an outdated no…

Published: 20 Jun 2025 at 16:32hrs | 495 | by Staff reporter

Zimbabwe records strong forex surplus

Zimbabwe has experienced sustained foreign currency inflows that not only meet its external payment obligations but have generated a substantial surplus averaging US$400 million per month over the 14-month period from January 2024 to Febru…

Published: 01 Jun 2025 at 14:35hrs | | by Staff reporter

Hoarding cash undermines Zimbabwe economy

Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according to the Reserve Bank of Zimbabwe (RBZ).W…

Published: 13 Apr 2025 at 09:38hrs | 177 | by Staff reporter

RBZ dismisses fake news of POSB sale

The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-owned bank had been sold to foreign invest…

Published: 22 Feb 2025 at 09:24hrs | 170 | by Staff reporter

RBZ keeps rates steady

Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks to stabilize the exchange rate and curb…

Published: 05 Dec 2024 at 06:55hrs | 478 | by Staff reporter

RBZ assures bonus payments will not disrupt economic stability

Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate.Speaking to The Sunday Mail, Dr. Mushayava…

Published: 01 Dec 2024 at 08:50hrs | 105 | by Staff reporter

Mushayavanhu discards ZiG banknotes with Mangudya's signature

The Reserve Bank of Zimbabwe (RBZ), under new governor John Mushayavanhu, destroyed millions' worth of Zimbabwe Gold (ZiG) banknotes that had been printed with the signature of his predecessor, John Mangudya. When Mushayavanhu introduced t…

Published: 01 Jul 2024 at 10:29hrs | 23 | by Staff reporter

'Zimbabweans will stampede for ZiG by June'

Reserve Bank of Zimbabwe (RBZ) Governor, Dr. John Mushayavanhu has highlighted the impending surge in demand for the Zimbabwean dollar (ZiG) anticipated to occur by June. This surge is expected to coincide with the implementation of a poli…

Published: 18 May 2024 at 11:47hrs | 111 | by Staff reporter

Transparency and Accountability vital when appointing the Governor of the Reserve Bank of Zimbabwe

On the 28th March 2024, Zimbabwe witnessed the appointment of John Mushayavanhu as the Governor of the Reserve Bank of Zimbabwe (RBZ). However, this appointment has sparked controversy and raised questions about transparency and adherence …

Published: 31 Mar 2024 at 16:25hrs | 2 | by Jacob Kudzayi Mutisi

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