Zimbabwe

Zimbabwe prints Z$250m note

The Reserve Bank of Zimbabwe will circulate two notes worth Z$100m and Z$250m in an attempt to limit the impact of hyperinflation.

Zimbabwe set for new currency

Gideon Gono, the governor of the Reserve Bank of Zimbabwe, said on Wednesday that the issue of a new currency was imminent, after announcing just over a fortnight ago that it would be delayed until 2008.

Zimbabwe's Gono banned from United Kingdom

A leading Zimbabwean newspaper has reported that the United Kingdom has barred Gideon Gono, the governor of the Reserve Bank of Zimbabwe, from entering the country because of his role as president Robert Mugabe's "private banker".

Gono denies parallel trading by central bank

Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has denied reports that the central bank is tapping unofficial currency markets in search of foreign currency, notably dollar and South African rand.

Zimbabwe issues new $200,000 note

The Reserve Bank of Zimbabwe has introduced the latest in a series of temporary banknotes which are intended to relieve a critical shortage of notes in the inflation-ravaged country.

Monetary policy announcement delayed by Zimbabwe

The Reserve Bank of Zimbabwe has announced that it is indefinitely postponing its mid-year monetary policy statement, originally due next week. The central bank said it needed more time to analyse the implications of price controls imposed by the…

Gono questions Mugabe's fuel plan

Zimbabwe central bank governor, Gideon Gono, has warned the government of Robert Mugabe, the country's president, that its plan to ban private fuel purchases in foreign currency could provide a further drag on the world's fastest shrinking economy.

Zimbabwe can't join rand monetary union - Mboweni

Tito Mboweni, the governor of the South African Reserve Bank, says Zimbabwe was far from being ready to join the rand common monetary area (CMA), which currently includes South Africa, Lesotho, Namibia and Swaziland.

Zimbabwe to jettison release of inflation data

Recent media reports have highlighted the state of chaos in the management of the Zimbabwean economy, with central bank governor, Gideon Gono, seen as fighting a losing battle again the country's president, Robert Mugabe.

IMF paper on Reserve Bank of Zimbabwe's losses

The IMF Working Paper 'Central bank quasi-fiscal losses and high inflation in Zimbabwe: A note' says Zimbabwe's failure to address continuing central bank quasi-fiscal losses has interfered with both monetary management and the independence and…

Gono is the only ace in Zimbabwe's house of cards

As Zimbabwe's collapse goes from worse to worse with record inflation and a wrecked economy, this article from New Zimbabwe, published Monday 23 April, says only Reserve Bank governor Gideon Gono holds the key to Zimbabwe's recovery.

RBZ's Gono urges privatisation quickly

Zimbabwe could easily realize at least 3 billion U.S. dollars from the privatization of some parastatals, enough to meet its annual import requirements, according to The Herald on Friday 13 April.

RBZ's Gono warns on parallel market forces

Reserve Bank of Zimbabwe governor Dr Gideon Gono warned Thursday 22 March of the existence of "stronger forces" on the parallel market that are fuelling the slide of the Zimbabwe dollar against major currencies.

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