Zimbabwe’s central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout. The monetary policy committee will meet “to discuss interventions to ...

(Bloomberg) -- Zimbabwe is easing controls on the national currency’s official exchange rate, allowing it to converge with an interbank rate that the government has permitted businesses to use for ...

Add Yahoo as a preferred source to see more of our stories on Google. (Bloomberg) -- Inflation in Zimbabwe surged as a currency rout pushed up the prices of goods and services, adding to pressure on ...

As of 21 April 2023, the Reserve Bank of Zimbabwe’s (RBZ) exchange rate stood at ZW$982. The black market rate is currently as high as ZW$1900, a huge cap that diminishes foreign investors’ appetite.

The new currency will be backed by reserves of foreign currency and precious metals mined in the country HARARE, April 5. /TASS/. Zimbabwe has rolled out a new national currency called Zimbabwe Gold ...

HARARE, March 11 () - Zimbabwe's central bank governor on Monday said the exchange rate for the new transitional currency is unlikely to remain at 2.5 per U.S. dollar by the time tobacco auctions open ...

HARARE (Reuters) - Zimbabwe is working on new measures to stabilize its local currency including linking the exchange rate to hard assets such as gold and creating a currency board, Finance Minister ...

Zimbabwe liberalized its foreign-exchange market and raised interest rates, among a new raft of measures aimed at stabilizing the nation’s currency and reining in resurgent inflation. The central bank ...

President Mnangagwa has blamed recent local currency devaluation on businesses taking advantage of cheap foreign currency and sabotaging the government’s reputation in the run up to the elections. In ...

Some sources report currency trades in the Harare black market where the dollar has fetched 10 rand or a rate of 10 US cents per rand - in normal foreign exchange market terms an extraordinary premium ...