News
Major milestones were recorded in the second 100- Day Rapid Results Initiative both legislative and administratively with all thematic committees reporting positive movement towards achieving a conducive environment.
Government has set June 30 as the deadline by which State institutions, parastatals , local authorities should have embraced multi-currency arrangements in payment transactions to promote financial sector stability.
Zimbabwe’s Credit Reference Bureau (CRB) is set to be fully operational by the end of next month.
The year on year inflation rate for the month of May 2016 stood at -1,69 percent , shedding 0,05 percentage points on the April 2016 rate of -1,64 percent.
THE Reserve Bank of Zimbabwe (RBZ) has, with immediate effect, reduced bank charges on electronic transactions that will see electronic fund transfers attracting charges of between $0,33 to a maximum of $2,10 in an ambitious drive to promote plast
THE Reserve Bank of Zimbabwe has launched an operation to assess banking trends by high cash generators such as wholesalers, retailers, mobile phone companies and fuel dealers amid revelations cash deposits fell by a staggering 40 percent on avera
The Reserve Bank of Zimbabwe says it is working hard to promote, restore and sustain the functionality and use of the multi-currency to mitigate concentration risk on the US dollar.
The banking sector has hit the 100 percent benchmark in compliance to the $25 million current minimum capital requirement and is progressing towards the $100 million requirement for 2020 with four foreign banks having surpassed $50 million as at 3
The Reserve Bank of Zimbabwe(RBZ) has configured the Real Time Gross Settlement(RTGS) system into a multi-currency platform set to include five currencies as it moves to mitigate against exchange control losses, it has emerged.
THE International Monetary Fund (IMF) will engage government over the introduction of bond notes and other measures aimed at stimulating exports amid public outcry, IMF deputy spokesperson for the communications department William Murray has said.