News
ZIMBABWE’S central bank threatened to cancel the licenses of banks and foreign-currency dealers found to have violated new exchange-control regulations aimed at easing a dollar shortage.
BANKERS and industry have recommended the adoption of the South African rand as the major transacting currency to reduce concentration of risk associated with heavy reliance on the United States dollar currently accounting for 95 percent of all tr
RECENT revelations by the Reserve Bank of Zimbabwe (RBZ) that bond notes will be launched in the next three months have been met with mixed feelings by the market.
The growth of the digital economy is creating a watershed moment for the banking industry and changing the equation of how clients are served.
THE Reserve Bank of Zimbabwe (RBZ) is to establish special asset management companies (SAMCs) to acquire and manage non-performing loans (NPLs) in the banking sector, the Financial Gazette’s Companies & Markets can report.
BANKERS have called on government to slash withdrawal limits further to a weekly maximum of $500, while reducing transaction charges to promote plastic money and ease the debilitating cash crisis.
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has moved to curb alleged violation of exchange control regulations after reading the riot act to bankers at a meeting with bank chief executive officers (CEOs) last week.
Industry and Commerce Minister Mike Bimha is set to launch Zimbabwe’s first ever Trade Information Portal (TIP) early next month.
Zimbabwe in February 2009 adopted multiple currency regimes which technically transformed to a kind of full dollarisation as the United States Dollar later dominated the currency basket.
Industry and commerce players have welcomed the inclusion in the soon to be signed into law Special Economic Zones (SEZs) Bill of provisions that will exempt the zones from the indigenisation law.