Zimbabwe central bank aims to regain LORL and rate-setting powers

zimbabwe-flag

The Reserve Bank of Zimbabwe (RBZ) and the country's ministry of finance are embarking on a set of reforms aimed at restoring the central bank's role as lender of last resort (LOLR) with a degree of control over interest rates, despite the country's multi-currency system. Both parties insist there are no plans to bring the latter to an end.

The first step involves the recapitalisation of the RBZ by the government, which has promised to take on its $1.35 billion in debts. The central bank will al

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: