Monetary Policy MP 2018

Improved access to cash May 4, 2018
In progress
Nov 2019

ED defends local currency November 01, 2019

No country can develop without its own currency, President Mnangagwa said yesterday while defending economic policies adopted by the Government to revive the economy.

Nov 2019

RBZ to inject $1 billion new coins, notes November 01, 2019

Cash in circulation will slightly more than double over the next six months, as the Reserve Bank of Zimbabwe (RBZ) injects an extra $1 billion to satisfy legitimate demand for coins and small notes, but still make it impractical to use cash for larger transactions. RBZ Governor Dr John Mangudya said yesterday that the $2 bond coins and $2 and $5 notes being eased into circulation will, when added to $855 million bond notes and coins already in use, bring issued cash to just under 10 percent of total deposits in both local and foreign currency.

Oct 2019

170 illegal forex dealers arrested October 25, 2019

About 170 illegal foreign currency dealers have been arrested countrywide since last week as police intensify a campaign against currency trading which caused volatility in the prices of basic commodities.

Sep 2018

ZACC to swoop on retailers, food outlets September 06, 2018

THE Zimbabwe Anti-Corruption Commission (ZACC) will soon investigate fast food outlets and retailers suspected to be hoarding cash and failing to bank their daily takings. The probe would be part of the broader fight against corruption, which has been blamed for frustrating economic progress in the country.

May 2018

RBZ gets $400m to ease cash crisis May 13, 2018

Cash shortages will ease in coming weeks after the Reserve Bank of Zimbabwe imported $400 million, while tobacco and gold export earnings are expected to boost liquidity.

Mar 2018

Government goes after cash hoarders March 29, 2018

Government has put a $10 000 cap on cash holdings by individuals, as the new administration seeks to bolster deposits and clamp down on a thriving currency black market.

Dec 2017

No quick fix to cash shortages December 11, 2017

Finance and Economic Planning Minister Patrick Chinamasa, last Friday said the prevailing cash shortages will not disappear "overnight", and urged people to be patient as Government starts implementing measures to address the shortage of banknotes.