Businesses Who Use Parallel Market Rates To Lose Licences: Mthuli Ncube Announce Additional Measures Finance Minister Mthuli Ncube The government has announced that all businesses which continue using parallel market rates in their pricing will have their licenses revoked. This was revealed by Minister of Finance and Economic Development Mthuli Ncube when he announced …
Category Archives: RBZ
You Can Now Buy Forex At Official Rate From Bureaux de Change: RBZ
You Can Now Buy Forex At Official Rate From Bureaux de Change: RBZ In a great development, the Reserve Bank of Zimbabwe has announced that individuals will now be able to buy forex from bureaux de change at the official rate. Given that the official rate is almost half of that prevailing on …
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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 …
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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 …
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“Takatora Tsvimbo Ndokurova”: Mnangagwa Says EcoCash Was Sabotaging The Economy And Causing Runaway Inflation
Mnangagwa Says EcoCash Was Sabotaging The Economy President Emmerson Mnangagwa has attacked the country’s biggest mobile money company Ecocash, accusing it of sabotaging the economy and causing the country’s runaway inflation. According to the President, EcoCash was creating billions of dollars of phantom money, which was prompting the country’s inflation to skyrocket. He …
RIP EcoCash Agents: RBZ Bans All Agent Lines Permanently
RBZ Bans All Agent Lines Permanently Mobile money agents are now officially a thing of the past after the Reserve Bank of Zimbabwe (RBZ) banned all agent lines permanently. This means that EcoCash, OneMoney, and Telecash agent lines are no longer operational. This was announced by the central bank during today’s Monetary Policy Statement. …
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EcoCash Dealt Major Blow As RBZ Designates ZimSwitch As National Payment Switch
RBZ Designates ZimSwitch As National Payment Switch The country’s biggest mobile money company EcoCash Zimbabwe has been dealt a huge blow by the Reserve Bank of Zimbabwe (RBZ) after the central bank designated ZimSwitch as the National Payment Switch. This means that all mobile money transactions will now have to go through ZimSwitch. According …
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Zimbabwe Official Exchange Rate Jumps To Z$63.7 Following Forex Auction
Zimbabwe Official Exchange Rate Jumps To Z$63.7 The official foreign exchange rate for the United States Dollar (USD) to the Zimbabwe Dollar has now moved to US$1: ZWL$63.74. This comes after the country held the second edition of the Reserve Bank of Zimbabwe’s forex auction system. The inaugural edition of the forex auction system …
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We Are Still Operating: EcoCash Responds To Govt, Disregards Ban On Mobile Money
Ecocash Responds To Govt Ban Ecocash Responds To Govt Ban In a follow up to a Government directive banning all mobile money transfers, EcoCash has told customers to ignore the ban and continue using the transfer. In what promises to be a clash of giants, EcoCash also urged its customers to remain calm. In …
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EcoCash, Govt Headed For Clash As Mobile Transfer Giant Disregards Ban
EcoCash Disregards Ban EcoCash Is A Ponzi Scheme: RBZ In a follow up to a Government directive banning all mobile money transfers, EcoCash has told customers to ignore the ban and continue using the transfer. In what promises to be a clash of giants, EcoCash also urged its customers to remain calm. In a statement …
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