Bulawayo24 News - Skyes! "it makes perfect sense"

New ZiG notes hit the market

The Reserve Bank of Zimbabwe (RBZ) has intensified its push toward a mono-currency system anchored on the local unit, the Zimbabwe Gold (ZiG), as authorities seek to strengthen the domestic currency and stabilise the economy.Speaking in Mu…

Published: 17 hrs ago | 402 | by Staff reporter

RBZ urges dealers to sell fuel in ZiG

John Mushayavanhu, Governor of the Reserve Bank of Zimbabwe, has called on fuel dealers to index prices in the local currency, ZiG, citing risks of exchange rate losses when trading exclusively in United States dollars (USD).Speaking durin…

Published: 05 Mar 2026 at 08:45hrs | 610 | by Staff reporter

RBZ pledges to safeguard single-digit inflation

The Governor of the Reserve Bank of Zimbabwe, Dr John Mushayavanhu, has reaffirmed the country's commitment to sustaining low inflation, even as geopolitical developments in the Middle East threaten to drive up global fuel prices.Speaking …

Published: 03 Mar 2026 at 10:31hrs | | by Staff reporter

Zimbabweans to benefit from RBZ measures

Zimbabweans are set to benefit from sweeping reductions in bank charges after the Reserve Bank of Zimbabwe moved to cut balance inquiry fees, Point of Sale tran

Published: 01 Mar 2026 at 11:10hrs | 236 | by Staff reporter

Court throws out former cop's bid to reverse dismissal

A former Zimbabwe Republic Police (ZRP) officer's attempt to overturn his dismissal has collapsed after the High Court struck off the respondents' opposing affidavit and ruled that his own application was filed out of time and lacked merit…

Published: 01 Mar 2026 at 09:18hrs | 249 | by Staff reporter

Mobile network operators barred from advancing soft loans

The Reserve Bank of Zimbabwe (RBZ) has set a June 2026 deadline for mobile network operators to cleanse their customer databases of unverified accounts. RBZ Governor John Mushayavanhu announced that all accounts must be verified with …

Published: 28 Feb 2026 at 10:18hrs | | by Staff reporter

RBZ expands mobile and ZipIt limits

The Reserve Bank of Zimbabwe (RBZ) has introduced measures to reduce banking costs, including setting a 2% cap on cash withdrawal fees and a 1.5% ceiling on point-of-sale (POS) charges, while scrapping account balance inquiry fees. Th…

Published: 28 Feb 2026 at 10:10hrs | 246 | by Staff reporter

Zimbabwe central bank develops algorithm-based forex trading system

The Reserve Bank of Zimbabwe (RBZ) is developing an algorithm-based electronic foreign exchange trading system aimed at eliminating manual intervention in exchange rate determination and enhancing transparency in the currency market.Presen…

Published: 27 Feb 2026 at 15:26hrs | | by Staff reporter

RBZ urged to halt aggressive dormant account closures

Zimbabwe's industrial and corporate leaders have called on the Reserve Bank of Zimbabwe (RBZ) to intervene after a wave of dormant corporate account closures rattled businesses already grappling with fragile trading conditions.In a detaile…

Published: 20 Feb 2026 at 10:49hrs | | by Staff reporter

Zimbabwe central bank orders banks to slash punitive charges

Zimbabwe's banking sector is facing mounting regulatory pressure after the Reserve Bank of Zimbabwe (RBZ) ordered financial institutions to slash bank charges in a decisive move aimed at restoring public confidence, deepening financial inc…

Published: 19 Feb 2026 at 13:12hrs | | by Staff reporter

Zimbabwe tames inflation, now the test is keeping it below 10%

Zimbabwe's annual inflation rate has fallen below 10% for the first time since 1997, a milestone for a nation once synonymous with hyperinflation and trillion-dollar banknotes. The question now is whether the stability can last.The Interna…

Published: 17 Feb 2026 at 13:16hrs | | by Staff reporter

RBZ urges calm ahead of new ZiG banknotes rollout

The Reserve Bank of Zimbabwe (RBZ) has moved to allay public concerns ahead of the introduction of new ZiG banknotes, assuring citizens that there is no need to rush to exchange existing currency notes.Speaking at a State of the Economy en…

Published: 30 Jan 2026 at 06:07hrs | 1150 | by Staff reporter

'ZiG now better than US$'

The Reserve Bank of Zimbabwe (RBZ) has acknowledged growing anxiety within the business community over proposed plans to transition from the United States dollar to a ZiG mono-currency system, but insists the move is essential for long-ter…

Published: 30 Jan 2026 at 05:56hrs | | by Staff reporter

RBZ prepares to introduce new ZiG notes

The Reserve Bank of Zimbabwe (RBZ) has reassured the public that there is no need to rush to exchange existing currency notes ahead of the introduction of new ZiG banknotes, emphasizing that the transition will be smooth and carefully mana…

Published: 30 Jan 2026 at 05:46hrs | | by Staff reporter

RBZ to rollout new ZiG banknotes

The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new series of Zimbabwe Gold (ZiG) banknotes in the coming months, fitted with enhanced security features and improved durability, as authorities intensify efforts to restore confiden…

Published: 23 Jan 2026 at 14:40hrs | | by Staff reporter

RBZ to entrench stability in push to monocurrency

The Reserve Bank of Zimbabwe (RBZ) will sustain its push towards the adoption of a single domestic currency for all internal transactions, building on economic gains recorded in 2025, while emphasising that the transition will be gradual a…

Published: 23 Jan 2026 at 07:57hrs | | by Staff reporter

RBZ reduces foreign liabilities to US$2.5 billion

One of the most significant achievements by the Reserve Bank of Zimbabwe (RBZ) over the past year has been the reduction of its foreign liabilities from about US$3.5 billion to US$2.5 billion by November 2025. This represents meaningful pr…

Published: 21 Jan 2026 at 13:58hrs | | by Staff reporter

Zimbabwe closes in on forex reserve benchmark

Zimbabwe has increased its foreign currency import cover to 1,5 months for the first time in 21 months, marking a key milestone in the country's ongoing economic stabilisation efforts since the introduction of the Zimbabwe Gold (ZiG) curre…

Published: 14 Jan 2026 at 08:01hrs | | by Staff reporter

Zimbabwe posts historic US$16bn foreign currency earnings

Zimbabwe recorded its highest-ever foreign currency earnings since independence after generating more than US$16 billion in 2025, a historic milestone that highlights the economy's growing resilience and export-led recovery under the Secon…

Published: 14 Jan 2026 at 08:00hrs | | by Staff reporter

Zimbabwe's shift to single currency progressing well

The Reserve Bank of Zimbabwe (RBZ) has confirmed that preparations for the adoption of a single currency are progressing well, with key economic fundamentals increasingly aligning to support a shift from the current multi-currency system.Z…

Published: 14 Jan 2026 at 07:57hrs | | by Staff reporter

RBZ cancels building society licences for ZB and FBC

The Reserve Bank of Zimbabwe (RBZ) has cancelled the licences of ZB Building Society and FBC Building Society following operational changes at the two financial institutions, the central bank has announced.In separate public notices issued…

Published: 07 Jan 2026 at 04:10hrs | | by Staff reporter

Zimbabwe gold reserves reach US$ 1 billion mark

Zimbabwe's foreign currency and gold reserves backing the Zimbabwe Gold (ZiG) currency have surpassed US$1 billion for the first time since the introduction of the local unit, the Reserve Bank of Zimbabwe (RBZ) has announced. The milestone…

Published: 02 Dec 2025 at 16:12hrs | | by Staff reporter

RBZ says de-dollarisation on track

Zimbabwe's monetary authorities say the country is firmly on track to adopt a mono-currency system by 2030, with the Reserve Bank of Zimbabwe (RBZ) declaring that all key conditions for de-dollarisation are now taking shape.RBZ deputy gove…

Published: 27 Nov 2025 at 17:40hrs | | by Staff reporter

RBZ's faÃ§ade of progress and stability is short-sighted and unsustainable

The fairy tales and false assurances continue unabated.The announcement by the Reserve Bank of Zimbabwe (RBZ) that foreign currency and gold reserves backing the Zimbabwe Gold (ZiG) currency have now reached US$750 million  -  eq…

Published: 31 Aug 2025 at 19:46hrs | | by Tendai Ruben Mbofana

RBZ cracks down on ZiG rejection

The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency,

Published: 09 Aug 2025 at 12:28hrs | | by Staff reporter

ZiG to join global currency club with ISO Code

The Reserve Bank of Zimbabwe (RBZ) is in the process of applying for an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG) as it moves to make the unit a standalone currency. ISO currency codes are three-…

Published: 23 May 2024 at 18:25hrs | | by Tafara Shumba

ZiG needs to be backed by RBZ discipline

According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets like gold.This new "structured currency" t…

Published: 16 Apr 2024 at 17:04hrs | | by Zimbabwe Coalition on Debt and Development

RBZ is the problem not ZiG!

Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disappear, or something?" Was the immediate reply fro…

Published: 16 Apr 2024 at 16:58hrs | | by Kenneth Mufuka

Dear Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu

Dear Reserve Bank of Zimbabwe, 1. Please hire a Comms team ASAP. 2. Part of fostering confidence is having timely, reliable, and accessible means of informing the public in advance of key developments. Use official RBZ channels for updates…

Published: 07 Apr 2024 at 10:21hrs | | by Anonymous

The Zimbabwe currency crisis as seen from abroad!

AS we go to press, US financial news media has become aware of the Zimbabwe financial crisis.Bloomberg news agency and the Financial Times have reported authoritatively on the events surrounding the loss of value of the Zee dollar.While th…

Published: 07 Apr 2024 at 09:25hrs | | by Kenneth Mafuka

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 15:25hrs | | by Jacob Kudzayi Mutisi

RBZ to investigate schools inflating fees using black market rates

The Financial Intelligence Unit (FIU) of the Reserve Bank of Zimbabwe (RBZ) has said it will investigate and take punitive measures against schools that are inf

Published: 13 Aug 2023 at 07:58hrs | | by Staff Reporter

Zimdollar on the verge of complete rejection

THE Zimbabwe dollar, which was reintroduced by the Reserve Bank of Zimbabwe (RBZ) in 2019, is on the verge of collapse and complete market rejection.The local unit is incessantly plummeting against the United States dollar in both forex ex…

Published: 16 Jun 2023 at 06:54hrs | | by Zimbabwe Coalition on Debt and Development

Why RBZ introduced the Gold-backed digital currency

With the local currency on a free-fall and Zimbabwe already a digital economy, ninety six percent of our transactions traded on digital platforms. The digital currency was long overdue. Zimbabwe is one of the world's top gold producers and…

Published: 29 Apr 2023 at 06:07hrs | | by Jacob Kudzayi Mutisi

Government policy destroying the formal economy

Policy missteps and inconsistency has turned the Zimbabwean economy on its head against the formal sector, posing a threat to business continuity, domestic resource mobilization and formal employment. In the last 2 months, the government h…

Published: 16 Dec 2022 at 00:06hrs | | by Victor Bhoroma

Mangudya finds the $15 billion booty

On 18 June 2022, Zimbabwe woke up to the Reserve Bank Governor, Mangudya's admission that, "Fifteen major companies have been creating huge extra profits by borrowing billions of dollars, often from several banks, at concessionary interest…

Published: 19 Jun 2022 at 20:07hrs | | by Sam Wezhira

Monetary policy inconsistency sinking economy

On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state had earlier pointed that the presidenti…

Published: 08 Jun 2022 at 06:19hrs | | by Victor Bhoroma

Allow the masses to trade in precious minerals, to bring stability to our Zim$ currency

Zimbabwe has had, what is now Refered to as a merry-go-round foreign currency policy, which has a five year cycle of a Zim$, dual currency and a USD$ and then back to Zim$. These cycles have been consistent for the last twelve years plus a…

Published: 25 Apr 2022 at 06:09hrs | | by Jacob Kudzayi Mutisi

Monetary Policy Analysis

The Reserve Bank of Zimbabwe (RBZ) presented its first monetary policy statement for 2022 on the 7th of February. The monetary policy comes after a 53.5% surge in foreign currency receipts from US$6.31 billion to US$9.69 billion. The major…

Published: 23 Feb 2022 at 19:41hrs | | by Victor Bhoroma

Dutch Auction Market vs Local Allocation System

The Reserve Bank of Zimbabwe (RBZ) launched the Dutch auction system on the 23rd of June 2020 to improve transparency in the distribution of foreign currency locally. Initially the auction exchange platform was supposed to be backed by the…

Published: 23 Feb 2022 at 19:38hrs | | by Victor Bhoroma

Dutch Auction Market vs Local Allocation System

The Reserve Bank of Zimbabwe (RBZ) launched the Dutch auction system on the 23rd of June 2020 to improve transparency in the distribution of foreign currency locally. Initially the auction exchange platform was supposed to be backed by the…

Published: 04 Feb 2022 at 15:08hrs | | by Victor Bhoroma

Key expectations from upcoming monetary policy

The Reserve Bank of Zimbabwe (RBZ) is expected to present the first monetary policy statement of 2022 within the next 30 days amid rising inflationary pressures. The monetary policy comes after the deferment of the first foreign currency a…

Published: 19 Jan 2022 at 11:52hrs | | by Victor Bhoroma

2022 Post Budget Analysis

The Zimbabwean government presented a ZW$927.3 billion budget (18% of GDP) for the 2022 fiscal year. The government expects to collect revenues totaling ZW$850.7 billion (17% of GDP), thus resulting in a budget deficit of ZW$76.5 billion w…

Published: 13 Dec 2021 at 09:11hrs | | by Victor Bhoroma

Zimbabwe government urged to abandon auction system

In a video making rounds on social media, the Zimbabwe government has been urged to abandon its auction system if it entertains hopes of fully reviving the economy. In the video, an investor speaking in Glasgow, Scotland is heard saying, "…

Published: 08 Nov 2021 at 10:04hrs | | by Nicholas Ncube

Who is causing parallel market rates to spike?

For the past 18 months, the country's economy has been on a rebound, assisted by the stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector position, as well as the introduction of …

Published: 23 Sep 2021 at 18:35hrs | | by Dr Tim Rainhard

New ZW$50 note well overdue?

The Reserve Bank of Zimbabwe (RBZ) recently introduced ZW$360 million worth of a new ZW$50 dollar note into the market, having taken regard of inflation and the need for convenience. The new note is worth about US60 cents using the officia…

Published: 08 Aug 2021 at 15:06hrs | | by Vince Musewe

Mr Cross's zeal with limited knowledge, a danger to macro-economic stability

Mr Eddie Cross's article titled "Challenges facing the foreign exchange auction" made a lot of casual reading amusement, especially for those amongst us uninitiated in the domain of macro-economic analysis.Beyond the reading, however, the …

Published: 31 Jul 2021 at 18:32hrs | | by Jameson Dapi

Nature of Government deals must be made public!

We have so many deals, apparently, which Government of Zimbabwe, has signed with several countries, we have been briefed of MOUs, signed on behalf of the country, which have never been disclosed to the public. One of the key roles of the S…

Published: 19 Jul 2021 at 11:05hrs | | by Tinashe Eric Muzamhindo

SI 127 ghost still haunting economy

After passing Statutory Instrument (SI) 127 of 2021 on the 26th of May 2021, the Zimbabwean government made a quick summersault on the new regulations through a press statement issued by the Reserve Bank of Zimbabwe (RBZ) on the 15th of Ju…

Published: 14 Jul 2021 at 07:47hrs | | by Victor Bhoroma

No need to compare Tendai Biti and Prof Mthuli Ncube

Following the recently introduced Statutory Instrument number 127 of 2021, where government has instructed the business community to use the Reserve Bank of Zimbabwe (RBZ) auction floor exchange rate, netizens and twimbos on social media h…

Published: 03 Jun 2021 at 19:13hrs | | by Mukachana Hanyani

Search / Rbz

Advocate Method Ndlovu's ugly saga

Bulawayo - Victoria Falls Road broken promises

Iran leaves American military empire in ruins across the Middle East

Iran says ready for U.S. ground invasion

Mugabe's daughter appointed Bank deputy board chair

US based Zimbabwean comedian proud of his roots

Coltart sparks controversy with racism claim

Ndlovu withdraws from Fuzwayo case

Lawyers clash on 2030 ConCourt case

Police deny assault claims at Biti's offices

2 Swiss Express bus workers in R1 million theft scandal

Mugabe son spends 3 weeks in jail

Prophet assaults heavily pregnant wife, baby dies

Baboons invade Bulawayo

Zimbabwe govt warns citizens against overseas job scams

Benjani targets dream start at Highlanders

Chibaya urges Chamisa allies to exit Timba platform

Zimbabweans urged to ditch negative mindset on ZiG

Failed asylum seeker families to be offered up to £40k to leave UK

Zimbabwe taking steps to clear $23bn debt

US$25 million Munhumutapa ZIFA Cup sparks priority debate

Police sent to Biti's offices to maintain order

Manager bashes patron to death

Old Mutual manager raped UZ student intern

Mozambique's huge appetite for Zimbabwean produce

New ZiG notes hit the market

Government cracks down on 'fake healers'

Armed men brandishing rifles storm Biti's office

Maid arrested after baby gets scalded by boiling water

Fuel price surge sparks fears of higher commuter fares in Zimbabwe

Inside job suspected in Mukuru heist

Foreign-trained doctors required to sit for Zimbabwe exams

Foreign-trained doctors required to sit for Zimbabwe exams

Parents raise concern over Teachers4ED school levy

Charisma, collapse and the Zanu-PF machine in control

Chombo can settle US$100,000 debt to Mtetwa in ZiG

Bosso official causes stir in Botswana

US$12 300 stolen in violent Mutare gold dispute

Another Zimbabwean killed in Russia-Ukraine war

RBZ urges dealers to sell fuel in ZiG

Mugabe son's bail hearing postponed

Zimbabwe's fuel price deception: Using Middle East wars to hide domestic tax greed

Zimbabwe scoops top global Tourism Awards at ITB Berlin 2026

Zimbabwe’s fuel price deception: Using Middle East wars to hide domestic tax greed

Chiwenga backs Zimbabwe mineral export ban

'This is complete nonsense': Coltart tells Mangwana

BCC yet to resolve 24 double allocations of stands

Funeral visit turns into nightmare as man loses car

Kombi driver jailed for overloading 35 pupils during school run

How armed robbers raided Mukuru