Reserve Bank Of Zimbabwe

Topic : Reserve Bank Of Zimbabwe

Bank wins US$2m Supreme Court case

Following alleged difficulties in remitting payments due to foreign currency shortages, the company allegedly deposited funds into a non-resident escrow account at Nedbank.

By Ruvimbo Mukubwa and Takudzwanashe Mangongera Jun. 10, 2025

State suppliers plot Treasury showdown at funeral parlour…desperation peaks as firms reel from unpaid government contracts

Their situation has become untenable under the combined weight of a brutal liquidity squeeze and a government launching grand projects beyond its fiscal capacity.

By Shame Makoshori May. 30, 2025

State suppliers plot Treasury showdown at funeral parlour…desperation peaks as firms reel from unpaid government contracts

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Refineries under threat as RBZ gulps more forex... Zim’s mining industry suffers under shocking policy overlaps

The mining industry is now paralysed by policy contradictions.

By Shame Makoshori May. 29, 2025

Refineries under threat as RBZ gulps more forex... Zim’s mining industry suffers under shocking policy overlaps

RBZ gold cover rises 12% since March

The gold is derived from the payment of royalties, wherein half of the royalties are paid using the mineral that has been traded.

By Ashton Ndakusiya May. 26, 2025

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RBZ blames liquidity crunch on hoarding of US dollars

The policies deliberately keep the circulation of the ZiG at way below market demand, a move the central bank implemented to try and preserve the domestic currency’s value.

By Blessed Ndlovu May. 25, 2025

RBZ blames liquidity crunch on hoarding of US dollars

Industries rebel against prohibitive policy rate... as big lenders adopt a precautionary stance

At the core of the impasse is the refusal by commercial banks to lend within the RBZ’s prescribed rate.

By Freeman Makopa May. 16, 2025

Industries rebel against prohibitive policy rate... as big lenders adopt a precautionary stance

Vast rules out Zimbabwe legal action after diamonds verdict

The Supreme Court recently ruled in favour of Vast Resources and ordered the Reserve Bank of Zimbabwe (RBZ)to release the gems.

By Honour Mudavanhu and Tinashe Kairiza May. 9, 2025

Vast rules out Zimbabwe legal action after diamonds verdict

Could the black market become the only market in Zimbabwe?

Retail customers turned to informal markets where they could pay in the US dollars they still preferred, and at the more reasonable black market exchange rate.

By Global Press Journal May. 8, 2025

Could the black market become the only market in Zimbabwe?

Vast receives its blocked diamonds from RBZ

It was revealed that the board currently anticipates that the selling process will be conducted in a phased manner to maximise value for the company and its shareholders.

By Business Reporter May. 8, 2025