Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has backtracked on his initial assertion that he did not know much about structured currency and engaged a World Bank consultant before introducing the new ZiG currency. Responding to questions from the floor during a business meeting organised by the Zimbabwe National Chamber of Commerce (ZNCC), Masvingo…
The market has been generally stable since the announcement of the 2024 Monetary Policy Statement by the Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu, which introduced the new ZiG currency and is expected to ensure lasting stability, certainty and predictability in the exchange rate and inflation. In a statement yesterday after a follow-up meeting…
FEATURES of the Zimbabwe Gold (ZiG) coins, whose circulation is expected to start next Tuesday, have been gazetted by Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube. The ZiG currency was introduced by Reserve Bank of Zimbabwe Governor, Dr John Mushayavanhu, when he presented his first Monetary Policy Statement on April 5. The…
RESERVE Bank of Zimbabwe (RBZ) Governor, Dr John Mushayavanhu, this week made startling revelations by disclosing what has been at the core of exchange rate volatility in the country when he revealed the central bank had been printing money to pay for foreign currency surrendered by exporters. Zimbabwe has had a bitter-sweet relationship with its…