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 […]
Category Archives: john mangudya
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 […]
WATCH LIVE: Mthuli And Mangudya’s Presser As Forex Rates Shoot Up On Black Market
Mthuli And Mangudya’s Presser As Forex Rates Shoot Up Minister Of Finance and Economic Development Professor Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Panonetsa Mangudya held a press briefing where they announced the measures that they are going to take to stabilise the local Zimbabwe Dollar. The press briefing came after […]
Special People Don’t Have Cash Withdrawal Limits – Mangudya Speaks On Mega Withdrawals Of $44 000 & $15 000
Cash Withdrawal Limits Don’t Apply To Everyone Reserve Bank of Zimbabwe (RBZ) governor John Panonetsa Mangudya has said that cash withdrawals do not apply to everyone as some have special exceptions. Mangudya’s comments come after outraged Zimbabweans questioned how Ecobank and CBZ allowed certain customers to withdraw $15 000 and $44 000 in cash […]