Tag: RBZ
ZiG Inflation Edges Up to 4.3% in October On Fuel Price Hikes
Zimbabwe's ZiG year-on-year inflation rose to 4.3% in October from 3.7% in September, pushed up by higher fuel and transport costs, ZIMSTAT reported on Tuesday.
Dr Gideon Gono’s Tribute to Dr Munyaradzi Kereke
My family and I received with deep sadness the news of Dr Munyaradzi Kereke’s passing this morning at Avenues Clinic in Harare. To his family, friends, former colleagues and all who knew and loved him, we extend our heartfelt condolences. At a time like this, words feel inadequate. Behind the name and the public life
RBZ Cuts Rate to 27.5% as ZiG Inflation Hits 45-Year Low
The Reserve Bank of Zimbabwe has cut its policy rate to 27.5% from 30%, saying inflation is now firmly anchored despite a spike in global oil prices. Governor John Mushayavanhu said annual ZiG inflation fell to 2.9% in August, its lowest since 1980, before edging up to 3.7% in September. “The increase largely reflected the
World Bank Warns Zimbabwe Against Ditching the US Dollar
Zimbabwe plans to phase out the use of foreign currencies for domestic transactions by 2030, paving the way for a mono-currency system centred on the ZiG.
RBZ Celebrates Single Digit ZiG Inflation
Mushayavanhu added that companies should now have no issues in accepting local currency.