Zimswitch, a company set up and owned by Zimbabwean banks, has been designated as the national payment switch and providers of mobile money transmission and mobile banking now must be…
Tag: RBZ
RBZ to Introduce New Higher Denomination Bank Notes Soon
THE Reserve Bank of Zimbabwe will introduce a new set of higher denomination bank notes over the next few weeks to increase physical money supply and curb prevailing cash shortages.…
Waiting for new Zimbabwe banknotes
Heralded by Zimbabwe’s central bank and its President Emmerson Mnangagwa as the answer to an acute cash shortage that has hamstrung the country’s economy, new low-denomination banknotes were due to…
Banks start collecting cash from RBZ
BANK customers will be able to access cash at institutions they bank with starting tomorrow morning after the Reserve Bank of Zimbabwe began dispensing notes and coins to all banks…