The Reserve Bank of Zimbabwe has been given some teeth with the injection of $7 million to enable it to resume overnight loans to financial institutions. The central bank which should be lender of last resort was made toothless following the introduction of the multiple currency system last year. It is also virtually broke. The government had to step in in July to stop its assets from being sold off.
(86 VIEWS)
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…