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Zimbabwe businesses free to set prices using market exchange rates

Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that businesses can set their prices based on market exchange rates rather than adhering strictly to the official central bank rate. He made the statement during a meeting with the Tourism Business Council of Zimbabwe last week. “Companies are allowed to adopt any USD-to-Zimbabwean Dollar […]

By News Reporter•8 months ago

Business

Zimbabwe Central Bank Tightens Forex Controls, Raises Export Levies

The Reserve Bank of Zimbabwe has increased foreign currency surrender requirements for exporters from 25% to 30% and mandated bank accounts for all traders in HARARE on February 7, 2025. The measures aim to boost official forex reserves amid rising US dollar inflation rates. RBZ Governor John Mushayavanhu unveiled the changes in his 2025 Monetary […]

Business

Reserve Bank to Introduce Higher Denomination ZiG Notes

HARARE- The Reserve Bank of Zimbabwe (RBZ) is set to introduce higher denomination ZiG notes in an effort to facilitate smoother cash transactions across the country. RBZ Governor John Mushayavanhu confirmed that the new notes will be gradually introduced into the market to align with expected economic activity and ensure stability within the financial system. […]

By News Reporter•10 months ago

RBZ

Zimbabwe businesses free to set prices using market exchange rates

Zimbabwe Central Bank Tightens Forex Controls, Raises Export Levies

Reserve Bank to Introduce Higher Denomination ZiG Notes

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