Bulawayo24 News - Skyes! "it makes perfect sense"

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 | 1 | 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 c

Published: 29 Apr 2023 at 06:07hrs | 2 | 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 | 281 | 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

Exchange control regulations and export growth

The monetary policy committee for the Reserve Bank of Zimbabwe (RBZ) issued a circular with changes to export surrender requirements on the 7th of January 2021. The changes include immediately removing the compulsory requirement to liquida…

Published: 20 Jan 2021 at 06:30hrs | | by Victor Bhoroma

Mangudya retains confidence at the Central Bank

From the time Zimbabwe switched from inter-bank market for foreign currency to an auction system, which is largely driven by market. The idea is to determine market exchange rate. The bids come from users of foreign and they effectively re…

Published: 05 Nov 2020 at 16:02hrs | | by Tinashe Eric Muzamhindo

Zim Parliament barking up wrong tree on auction system

An all too familiar joke that has been doing the rounds ever since Zimbabwe's economy hit turbulence is that every citizen of this country has become an economist of sorts. This places the burden of filtering inferior suggestions on the ad…

Published: 30 Sep 2020 at 09:47hrs | | by Dr Tim Rainhard

Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain

FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their responsibility as that of holding the governi…

Published: 15 Sep 2020 at 10:34hrs | | by Nathan Gurira

Why RBZ needs autonomy

Former reserve Bank of Zimbabwe (RBZ) governor Gideon Gono recently appeared on Zimbabwean entrepreneur and newspaper publisher Trevor Ncube's discussion series In Conversation with Trevor.Among a myriad of assertions by Gono to portray hi…

Published: 13 Sep 2020 at 06:15hrs | | by Admire Dube

Gono bitter and lonely outside Government

After a lengthy period of hibernating from the media spotlight, Gideon Gono, the former Reserve Bank of Zimbabwe (RBZ) governor resurfaced in a twitter interview with Alpha Media Holdings' Trevor Ncube in Sandton South Africa.In the interv…

Published: 11 Sep 2020 at 08:45hrs | | by John Mhazo

Mangudya's auction has made doubting Thomases believe

On June 23, 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, esp…

Published: 30 Aug 2020 at 07:28hrs | | by Jameson Dapi

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.

Published: 28 Aug 2020 at 18:04hrs | | by Jameson Dapi

RBZ tightens EcoCash squeeze

The Reserve Bank of Zimbabwe (RBZ) has directed Econet Wireless that EcoCash individual subscribers will, with immediate effect, be allowed to transact a maximu

Published: 26 Aug 2020 at 19:35hrs | | by Staff reporter

Mangudya stabilizes market and prices through Foreign exchange auction

The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bids to the auction represents the desire…

Published: 26 Aug 2020 at 12:30hrs | | by Tinashe Eric Muzamhindo

RBZ sabotaging Zimbabwe economic recovery

WHEN Mthuli Ncube was appointed Finance and Economic Development minister, he quickly took charge at the ministry, appointing a new permanent secretary and several directors and publishing a Transitional Stabilisation Plan.He is not a poli…

Published: 29 Apr 2019 at 06:10hrs | | by Eddie Cross

RBZ complicit on water problems

Community Water Alliance accessed documents on how much foreign currency has been availed to water delivery per year by the Reserve Bank of Zimbabwe. The docume

Published: 28 Apr 2019 at 16:26hrs | | by Community Water Alliance

Zimbabwe banks must support the interbank trading

THE interbank market, revived by the Reserve Bank of Zimbabwe (RBZ) recently, has gotten off to a slow start because the majority - if not all the banks - are still in the process of putting their systems in place.In its monetary policy st…

Published: 24 Mar 2019 at 14:11hrs | | by Andrew Lampard

Monetary policy statement, an admission of failure

On February 20, Reserve Bank of Zimbabwe governor, John Mangudya, issued his monetary statement which contained both admissions of failure in the economy and a topsy-turvy aspiration for an immediate better future.The monetary policy state…

Published: 25 Feb 2019 at 08:25hrs | 2623 | by Tapiwa Gomo

People of Zimbabwe deserve a new day

ON Wednesday this week, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya presented a long-awaited monetary policy statement.This had been expected in January and was postponed several times because of disagreements in government as to…

Published: 22 Feb 2019 at 09:10hrs | | by Eddie Cross

RBZ's interbank forex policy failed miserably in 2008

Just in case folks out there start jumping up and down ululating and eulogising  at the  forex trading liberalisation policy  announced by the RBZ,  a cursory look at the country's recent monetary history shows that thi…

Published: 21 Feb 2019 at 11:14hrs | | by Colls Ndlovu

LIVE- All eye on Mangudya #MonetaryPolicyStatement speech

THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will today (Wednesday) at 14:30hrs release the long-awaited Monetary Policy Statement (MPS).

Published: 20 Feb 2019 at 12:16hrs | | by Staff reporter

It's squeaky bum time for unsung Mangudya

Like many Manchester United fans around the world missing the good old days, I also regularly find myself reminiscing about the managerial prowess of Sir Alex Ferguson, whose inimitable success at one of the biggest clubs in the world has …

Published: 19 Feb 2019 at 17:13hrs | | by Guthrie Munyuki

Return of the Zimdollar?

THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is due to release the monetary policy and the policy position is highly anticipated against the sustained monetary related macro-economic deficiencies. As a symptom, the economy has…

Published: 07 Feb 2019 at 15:00hrs | | by Respect Gwenzi

You shall not crucify Zimbabwe on a cross of bond notes

RECENT dramatic events arising from allegations that certain officials of the Reserve Bank of Zimbabwe (RBZ) have been involved in currency malfeasance using the bond note as their lever to execute transactions that prejudiced the people o…

Published: 03 Nov 2018 at 08:08hrs | | by Colls Ndlovu

Jesus christ spotted in the CBD of Harare

The months of October and  September should be declared a period of 'spiritual lies' with immediate effect. A lot of myths happened during this period and I am not going to be surprised today if 'they' say Jesus Christ has been spotte…

Published: 02 Nov 2018 at 10:56hrs | | by Don chigumba

Central bank's independence, benefits to Zimbabwe

WITH the recent developments at the Reserve Bank of Zimbabwe (RBZ), it is now public knowledge that four directors were suspended from there on allegations of corruption. The worrying aspect is the source of the information leading to the …

Published: 26 Oct 2018 at 06:05hrs | | by David Mhlanga

My question to Finance Minister - I smell a rat!

My question to you Prof Ncube is: if the RBZ of Zimbabwe is not the source of our problems, as you confidently defends, can you explain how these brand new bond notes end up in the hands of those who move around changing money? 2. The quan…

Published: 22 Oct 2018 at 06:10hrs | 971 | by Isaac Nkomah

Search / Rbz

Jealous husband remanded for assaulting wife over cellphone dispute

Johane Marange congregant remanded over rape of teen girl

Transporters, passengers applaud Minister Mhona over festive breathalyser and speed camera rollout

Gold ore thief axes miner

Is oppression in Zimbabwe turning us into a violent nation?

Feared rapist Mathe escapes from Prison

ZRP intercepts truck smuggling pharmaceutical products into Zimbabwe

10 eSports to track on 1xBet this season

ZANU-PF chooses silence over service, dumps Chief Hwenje

ZANU-PF chooses silence over service, dumps Chief Hwenje

Warriors struggles to beat Qatar

Warriors struggles to beat Qatar

Mnangagwa's diplomatic calling luring African leaders

Chimombe, Mpofu seek delay in sentencing

Econet pays ZiG4.3bn in taxes

UK cleric praises Zimbabweans' resilience

'Zimbabwean men are cowards'

Mnangagwa's 2030 divides CCC

Fatal bus crash along Masvingo-Beitbridge highway

Zanu-PF luring supporters with food hampers

Jostling for Zanu-PF top post exposes fissures

ZRP in crosshairs over impounded vehicles

Bulawayo Town Clerk gets one-year extension

China grants zero tariffs on all Zimbabwe products

Pedestrians, drivers warned against headphone use on roads

Bulawayo cement plant deal collapses

Senior Magistrate Fired After Corruption Audio Leak

Workers face US$2,6m laundering charges

Bulawayo Council warns against unapproved construction

Bulawayo warns of suspected hand, foot & mouth disease outbreak

Munhenzva bus overturns near Rutenga

Mnangagwa reads riot act

Zanu-PF probes Mashonaland province over funds abuse

Dangote a potential 'game-changer' for Zimbabwe

Asiagate?: Warriors brace for Qatar

Marinica softens stance

Zimsec faces fresh criticism over exam leaks

Boost for ZiG as reserves near US$1bn

APRM panel reviews Zimbabwe's economic governance

Zesa secures US$12m to boost power supply

Zimbabwe to roll out 7-day passport service

Tagwirei to build multi-million-dollar complex to boost MSMEs

American economist attacks Mnangagwa

ZACC probes disappearance of US$4,5 million

CID Officer Dies in Muzarabani-Centenary Highway Crash

Khumbu Malinga tipped to win Nkulumane by-election

Ester Excellia Zitha enters Nkulumane by-election race

Kunzvi Dam now 72% complete

Man hits gossiping neighbour with machete

Man unknowingly drives dead friend home

Feared rapist Mathe escapes from Prison

Is oppression in Zimbabwe turning us into a violent nation?

ZANU-PF chooses silence over service, dumps Chief Hwenje

ZRP intercepts truck smuggling pharmaceutical products into Zimbabwe

WATCH: Zimbabwean cattle rancher shatters auction records in South Africa

ZANU-PF chooses silence over service, dumps Chief Hwenje

Mnangagwa reads riot act

Senior Magistrate Fired After Corruption Audio Leak

Warriors struggles to beat Qatar

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