THE Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce a new transacting currency known as Zimbabwe Gold (ZiG), which will be backed by the valuable mineral. The Gold-Backed Digital Tokens (GBDT) will be used for transactional purposes only in order to ease payments. In a statement, RBZ said the decision was reached during…
NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.
The Reserve Bank of Zimbabwe s Monetary Policy Committee (MPC) has increased the US$ Statutory reserve requirement to 15%, a move that experts suggest aims to e.
NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.
CBZ Holdings Limited (CBZHL), the country s largest banking institution in terms of deposits and assets, has commended monetary authorities for taking bold infl.