ABOUT 14 percent of the country’s manufacturing companies were forced to retrench workers in 2020 due to the adverse effects of the novel Covid-19 pandemic, the Confederation of Zimbabwe Industries…
Tag: Reserve Bank of Zimbabwe
RBZ Forex Auction Sustains Raw Material Imports Priority
THE Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system has sustained the raw materials importation priority after allotting over US$12 million towards the cause amid exchange rate stability. A…
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…