Bulawayo24 News - Skyes! "it makes perfect sense"

Zimbabwe targets US$1 billion import savings

Zimbabwe is set to save more than US$1 billion annually in food imports as the Government intensifies efforts to boost national food security and cut dependency on foreign supplies.Data from the Reserve Bank of Zimbabwe (RBZ) shows the cou…

Published: 11 hrs ago | 105 | by Staff reporter

Zimbabwe's time for dollar debate is over

Zimbabweans should focus more on their gold-backed currency that's set to become the sole legal tender by 2030 and less on how to phase out dollar use, according to the central bank's deputy governor."We should talk about mono-currency, th…

Published: 12 hrs ago | 113 | by Staff reporter

RBZ assures stability over post post-dollarisation era

The Reserve Bank of Zimbabwe (RBZ) has reassured the public that the country's banking system remains stable and secure, with no loss of value expected beyond 2030 under the post-dollarisation framework.Speaking at the Old Mutual Zimbabwe …

Published: 13 Sep 2025 at 10:44hrs | 4 | by Staff reporter

RBZ's FIU goes after car dealerships

The Reserve Bank of Zimbabwe's (RBZ) Financial Intelligence Unit (FIU) has singled out the country's car dealership industry as the most vulnerable sector to money laundering, warning that its cash-heavy operations are creating fertile gro…

Published: 12 Sep 2025 at 09:52hrs | 9 | by Staff reporter

RBZ's tight monetary policy is stifling demand

The Confederation of Zimbabwe Industries (CZI) has cautioned that while the Reserve Bank of Zimbabwe's (RBZ) restrictive Monetary Policy Statement (MPS) has succeeded in stabilising prices and supporting the Zimbabwe Gold (ZiG) currency, i…

Published: 11 Sep 2025 at 10:09hrs | 26 | by Staff reporter

RBZ defends exchange rate system

Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Innocent Matshe has dismissed claims that the central bank is manipulating the foreign exchange market, insisting that the willing-buyer willing-seller (WBWS) system operates in line with i…

Published: 04 Sep 2025 at 08:33hrs | 712 | by Staff reporter

Zimbabwe's digital transactions surge to ZiG89bn

Zimbabwe has seen a sharp rise in digital payments, with the value of retail transactions jumping 35 percent in the second quarter of 2025, according to the Reserve Bank of Zimbabwe (RBZ). The total value rose from ZiG66 billion in the fir…

Published: 02 Sep 2025 at 07:05hrs | 2 | by Staff reporter

Zimbabwe central bank launches ZiG Confidence survey

THE Reserve Bank of Zimbabwe (RBZ) has embarked on a fresh nationwide survey to assess confidence in the Zimbabwe Gold (ZiG) currency, more than a year after it was introduced as the country's sole legal tender.ZiG was launched on April 5,…

Published: 02 Sep 2025 at 05:53hrs | 129 | 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 20:46hrs | 144 | by Tendai Ruben Mbofana

High bank charges hindering financial inclusion in Zimbabwe

High bank charges imposed by local financial institutions are choking financial inclusion in Zimbabwe and running contrary to best practices across the region, a new National Economic Consultative Forum (NECF) report has revealed.The repor…

Published: 29 Aug 2025 at 06:01hrs | 589 | by Staff reporter

RBZ slams Zimbabwe banks over punitive fees

Zimbabwe's banks are facing criticism from both depositors and the Reserve Bank of Zimbabwe (RBZ) over the imposition of high fees and charges, which are increasingly seen as exploitative.RBZ Deputy Governor Dr Innocent Matshe, speaking at…

Published: 28 Aug 2025 at 22:32hrs | 159 | by Staff reporter

RBZ begins production of redesigned ZiG banknotes

The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transition to a mono-currency regime within the …

Published: 26 Aug 2025 at 07:55hrs | 2 | by Staff reporter

Zimbabwe is losing over US$6bn to illicit financial flows

Zimbabwe is losing an estimated US$6,15 billion to illicit financial flows (IFFs) between 2020 and 2025, a drain that experts say is depriving the country of critical resources needed for development.IFFs involve the illegal movement of mo…

Published: 25 Aug 2025 at 06:01hrs | 265 | by Staff reporter

RBZ to engage mobile operators on currency parity

The Reserve Bank of Zimbabwe (RBZ) has announced plans to work with mobile network operators to ensure parity in trading between the local gold-backed Zimbabwe Gold (ZiG) currency and the US dollar under the multicurrency system. The move …

Published: 25 Aug 2025 at 06:00hrs | 427 | by Staff reporter

RBZ guarantees US$ contracts beyond 2030

The Reserve Bank of Zimbabwe (RBZ) has reassured markets that U.S. dollar contracts will remain valid even after the government's 2030 de-dollarisation deadline, a major policy shift aimed at preventing a repeat of past currency crises."Do…

Published: 24 Aug 2025 at 19:19hrs | 371 | by Staff reporter

RBZ restores RTGS system after technical fault

The Reserve Bank of Zimbabwe (RBZ) says it has restored the Real Time Gross Settlement (RTGS) system following a technical fault that disrupted transfers and some cross-border transactions since Tuesday.In a public notice issued yesterday,…

Published: 20 Aug 2025 at 18:16hrs | 331 | by Staff reporter

RBZ to regulate AI in Zimbabwe's banks

The Reserve Bank of Zimbabwe (RBZ) is developing specific rules to regulate the use of artificial intelligence (AI) within the country's financial institutions, signaling a major step toward modernizing the banking sector.As AI becomes a t…

Published: 19 Aug 2025 at 18:30hrs | 148 | by Staff reporter

RBZ hit by technical glitch

The Reserve Bank of Zimbabwe (RBZ) has informed the public of a technical issue currently affecting its network, which may lead to delays in various banking services.In a notice issued on 18 August 2025, the central bank stated that "most …

Published: 19 Aug 2025 at 12:28hrs | 665 | by Staff reporter

RBZ orders banks to report on rural financial literacy outreach

The Reserve Bank of Zimbabwe (RBZ) has stepped up efforts to promote financial literacy in rural and marginalised communities, directing all banks and microfinance institutions to submit quarterly updates on their outreach activities begin…

Published: 18 Aug 2025 at 08:42hrs | 200 | by Staff reporter

Massive US$100,000 fines for Zimbabwe forex offenders

The Reserve Bank of Zimbabwe (RBZ) has introduced heavy fines and tougher enforcement measures against individuals, companies, and financial institutions caught breaking exchange control regulations.In a policy statement issued on 15 Augus…

Published: 16 Aug 2025 at 13:13hrs | 478 | by Staff reporter

FBC urges clear Zimbabwe de-dollarisation framework

FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves.The appeal comes amid government plans to ph…

Published: 15 Aug 2025 at 08:55hrs | 426 | by Staff reporter

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

Beverage makers say 35% RBZ rate hampers growth

Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining growth and limiting access to affordable f…

Published: 14 Aug 2025 at 10:41hrs | 132 | by Staff reporter

2030: Zimbabwe will be using domestic currency

THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and economic certainty by 2030.Zimbabwe curren…

Published: 13 Aug 2025 at 12:35hrs | 471 | by Staff reporter

Zimbabwe banks show strong capital buffers

Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank of Zimbabwe (RBZ) data shows.According t…

Published: 13 Aug 2025 at 09:08hrs | 8 | by Staff reporter

Zimbabwe conducts digital currency survey

The Reserve Bank of Zimbabwe (RBZ) has intensified its preparations to introduce a Central Bank Digital Currency (CBDC) through a phased approach, starting with consumer perception surveys to gauge public opinion on the proposed innovation…

Published: 12 Aug 2025 at 08:41hrs | 279 | by Staff reporter

Zimbabwe hits US$44,9bn in digital transactions

Zimbabwe's financial sector has marked a major milestone in its digital transformation, processing a record 381 million electronic transactions worth ZiG1,2 trillion (US$44,9 billion) in the first half of 2025.The surge reflects the countr…

Published: 12 Aug 2025 at 08:32hrs | | by Staff reporter

MCAZ deploys tech to fight fake medicines

THE Medicines Control Authority of Zimbabwe (MCAZ) has embraced cutting-edge portable technology to combat substandard and falsified medicines, which continue to be of serious concern.The authority is now using handheld Raman and Near-Infr…

Published: 10 Aug 2025 at 19:16hrs | 89 | by Staff reporter

RBZ's to unlock over US$1 billion in remittances

In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investable financial instruments. Unveiled in …

Published: 10 Aug 2025 at 18:36hrs | 320 | by Staff reporter

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, with central bank governor Dr John Mushayavanhu decrying widespread disregard o…

Published: 09 Aug 2025 at 13:28hrs | 485 | by Staff reporter

Zimbabwe's forex receipts surge to US$7.3 billion

Zimbabwe recorded a significant boost in foreign currency receipts, raking in US$7.3 billion during the first half of 2025, according to the Reserve Bank of Zimbabweâ€™s (RBZ) latest Monetary Policy Statement (MPS).Presenting the Mid-Term …

Published: 09 Aug 2025 at 10:01hrs | 145 | by Staff reporter

Logistics firm in exchange control violation

Mapho Tradelink Procurement and Logistics Private Limited, a leading procurement and logistics company, has been taken to court for allegedly breaching the Exchange Control Act by making payments exceeding US$150,000 outside Zimbabwe witho…

Published: 08 Aug 2025 at 13:08hrs | 206 | by Staff reporter

RBZ crackdown on money laundering

Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies implicated in illicit financial activitie…

Published: 08 Aug 2025 at 09:15hrs | 608 | by Staff reporter

Zimbabweans pledge property for loans

Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of credit access and economic hardship fa…

Published: 08 Aug 2025 at 09:03hrs | 438 | by Staff reporter

RBZ upholds tight monetary policy to protect ZWG

The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease borrowing costs.Delivering the Mid-Term Mo…

Published: 08 Aug 2025 at 08:59hrs | 171 | by Staff reporter

Zimbabwe banking sector profits drop

Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 million) in the same period last year, accord…

Published: 08 Aug 2025 at 08:30hrs | 138 | by Staff reporter

Zimbabwe's brief gold coin revival ends with little impact

Zimbabwe's central bank has ended its short-lived reintroduction of gold coins, citing high demand and rising international prices, but economists say the effort had little macroeconomic effect and offered no real benefit to the majority o…

Published: 07 Aug 2025 at 09:07hrs | 152 | by Staff reporter

Zimbabwe Company Director Arrested Over US$6 Million LP Gas Forex Scandal

The National Prosecuting Authority of Zimbabwe (NPAZ) has announced the arrest of businessman Grant Chitate and his company Wellington Thulisa (Pvt) Ltd in connection with a massive foreign currency violation involving the import of liquef…

Published: 06 Aug 2025 at 16:35hrs | 354 | by Stephen Jakes

Zimbabwe sees sharp rise in credit registry inquiries

Zimbabwe recorded a marked increase in credit registry inquiries between September 2024 and March 2025, with the most dramatic spike occurring in February this year, according to the Mid-Term Budget Review Statement presented in Parliament…

Published: 06 Aug 2025 at 09:15hrs | 386 | by Staff reporter

Gold Backed Currency vs Dollarisation: Lessons from Zimbabwe's New ZiG

Since April 2024, Zimbabweâ€‰has started aâ€‰new monetary policyâ€‰by introducing a gold-backedâ€‰currency known as the Zimbabweâ€‰Gold (ZiG), toâ€‰get rid ofâ€‰its reliance on theâ€‰U.S. dollar. In theâ€‰first few months,â€‰the central ba…

Published: 03 Aug 2025 at 23:27hrs | 6 | 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 | 175 | by Staff reporter

Mutapa, RBZ push for economic transformation

The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates efforts to achieve its Vision 2030 goal of b…

Published: 28 Jul 2025 at 14:18hrs | | by Staff reporter

RBZ reveals strategy towards shift to mono-currency

Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has said.In an exclus…

Published: 25 Jul 2025 at 18:01hrs | 807 | by Staff reporter

Mines and RBZ in crunch talks over forex retention

The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worsening access to forex and the threat it …

Published: 25 Jul 2025 at 14:11hrs | 75 | by Staff reporter

Mines and RBZ in crunch talks over forex retention

The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worsening access to forex and the threat it …

Published: 25 Jul 2025 at 14:11hrs | 47 | by Staff reporter

Professor Mugano's meeting with RBZ Governor raises eyebrows

Outspoken economist and long-time government critic Professor Gift Mugano has surprised many after expressing praise for the Reserve Bank of Zimbabwe (RBZ) and its team following a meeting with the central bank's leadership.Posting on his …

Published: 24 Jul 2025 at 15:31hrs | 1825 | by Staff reporter

RBZ exposes massive money laundering

The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money laundering, tax evasion, and smuggling beyond t…

Published: 18 Jul 2025 at 14:40hrs | 1555 | by Staff reporter

Zimbabwe's plan to make ZiG sole currency faces sharp criticism

Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's claims of ZiG's growing stability, econo…

Published: 18 Jul 2025 at 08:52hrs | 1199 | by Staff reporter

RBZ disburses ZiG350 million to key sectors

The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufacturing and agriculture, which accounted for 44.82 percent and 34.73 percent of allocations,…

Published: 14 Jul 2025 at 07:54hrs | 226 | by Staff reporter

Zimbabwe central bank reports drop in inflation

The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency inflows. The outlook was contained in …

Published: 10 Jul 2025 at 10:11hrs | 181 | by Staff reporter

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Trio arrested over fatal chicken slaughter revenge

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