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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 | 186 | by Tendai Ruben Mbofana

Positive performance economy households at US$232

THE LATEST report by Zimvac has revealed that the findings buttress the prevailing positive performance of the economy as average household monthly income was US$232, way above the Total Consumption Poverty Line.Indications are that the do…

Published: 27 Nov 2023 at 12:38hrs | 11 | by Stephen Jakes

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 | 13 | 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 | 4 | by Victor Bhoroma

Dutch Auction Market vs Local Allocation System

Published: 04 Feb 2022 at 15:08hrs | 3 | by Victor Bhoroma

More businesses benefit from RBZ forex auction system

THE Reserve Bank of Zimbabwe (RBZ) on Wednesday published a list of institutions and individuals that have accessed foreign currency from the auction system from June 2020 to April 2021. A total US$1,095,577,970 was allotted from the main …

Published: 14 May 2021 at 08:23hrs | 4 | by Staff Reporter

Mangudya's auction has made doubting Thomases believeâ€¦

On 23 June, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country. Indeed, the auction came as refreshingly welcome news for most stakeholders, es…

Published: 28 Aug 2020 at 19:04hrs | 4 | by Jameson Dapi

Government avails US$164.5m to strategic entities

The government has since January this year availed resources amounting to US$164.5 million to strategic institutions.         Treasury data seen by the ZBC News on Sunday indicate of the resources av…

Published: 24 Dec 2017 at 14:31hrs | 1 | by Staff Reporter

RBZ Governor Clears the air on Zim-dollar come back

Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, cleared the air on the possible Zim-dollar come back while presenting the 2016 Mid-Term Monetary Policy Statement. He reiterated that the Zim-dollar is not coming back in the form …

Published: 19 Sep 2016 at 14:34hrs | | by Sparkleford Masiyambiri

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