RBZ Threatens To Blacklist Schools & Pharmacies “Manipulating” Currency

RBZ Threatens To Blacklist Schools & Pharmacies “Manipulating” Currency RBZ governor John Mangudya (Image Credit: Bloomberg)       The Reserve Bank of Zimbabwe (RBZ) has threatened schools and pharmacies, which it alleges are manipulating the local currency. According to the central bank, some businesses, particularly pharmacies and schools, are breaching the Bank Use Promotion …

Zimbabwe Central Bank Governor Claims People Were Creating Own Money Using Blockchain

Zimbabwe Central Bank Governor Claims People Were Creating Own Money Using Blockchain     Zimbabwe’s central bank governor Dr John Panonetsa Mangudya, has incredibly claimed that Zimbabwean citizens were using the blockchain to create their own money. Mangudya, who also declared that he does not believe “in these bitcoins,” made the astonishing claims during an …

We Have NO Plans To Introduce $100, $200 Banknote: RBZ Refutes Reports 

No Plans To Introduce $100, $200 Banknote: RBZ Refutes Reports  The Reserve Bank of Zimbabwe (RBZ) has denied media reports that it is working on introducing a $100 and $200 banknote. The central bank through its governor John Panonetsa Mangudya, however, conceded that it is working on introducing a $50 banknote. In a statement on …

RBZ Issues A Stern Warning Against Businesses That Refuse Torn US Dollar Notes

RBZ Issues A Statement Against Businesses That Refuse Torn US Dollar Notes RBZ Issues A Statement Against Businesses That Refuse Torn US Dollar Notes Zimbabwe’s central bank has issued a statement against persons and businesses that have been in the habit of refusing worn and old U.S dollar notes in the country. So deep had …

Official Exchange Rate For USD Now At Z$57 After First Forex Auction

Official Exchange Rate For USD Now At Z$57    The official foreign exchange rate for the United States Dollar (USD) to the Zimbabwe Dollar has now moved to US$1: ZWL$57 following the conclusion of the first day of the Reserve Bank of Zimbabwe’s new forex auction system. Before today, the official rate was at ZWL$25 …

RBZ Speaks On Rejection Of Zimbabwe Dollars

RBZ Speaks On Rejection Of Zimbabwe Dollars   The Reserve Bank of Zimbabwe (RBZ) has released a statement about the legal money tenders in the country. This comes after numerous reports confirmed that some business entities and individuals are now rejecting all coins as well as the $2 banknote. In a few extreme cases, some …

EcoCash Is A Ponzi Scheme Which Is Devaluing The Zim Dollar: RBZ Fires Back At Lawsuit

EcoCash Is A Ponzi Scheme: RBZ EcoCash Is A Ponzi Scheme: RBZ   The Reserve Bank of Zimbabwe (RBZ) has labelled EcoCash a Ponzi Scheme which is accelerating the black market exchange rate and devaluing the Zimbabwe Dollar. The RBZ sensationally claimed that EcoCash has agents who have a massive overdraft on their Ecocash accounts …

Zimbabwe Freezes Accounts Handling Over $2 000 Per Month

Zimbabwe Freezes Accounts  Zimbabwe Freezes Accounts   The Reserve Bank of Zimbabwe (RBZ) has issued a directive ordering mobile money companies to freeze all accounts which transact over ZWL$100 000 per month. This figure translates to about US$2 000 per month using the black market rates. The central bank is alleging that some of these …

RBZ Speaks On LEAKED Document Which Speaks Of Using US Dollar And De-Dollarising Over 5-Year Period

RBZ Speaks On LEAKED Internal Document   The Reserve Bank of Zimbabwe (RBZ) has finally spoken out over an internal document which was leaked to the media. The document in question outlined plans on how the country would continue to use the United States Dollar (USD) for some local transactions and how the currency would …

BREAKING: RBZ Says You Are Now Allowed To Use The US Dollar Locally

RBZ Says You Are Now Allowed To Use The US Dollar You Are Now Allowed To Use The US Dollar  Says RBZ Governor John Mandudya   The Reserve Bank of Zimbabwe(RBZ) has declared that the United States Dollar can now be used to pay for goods and services in local transactions. This is part of …