Reserve Bank of Zimbabwe (RBZ)

Zimbabwe halts e-transfers, inflation at 531 bn%

The Reserve Bank of Zimbabwe on Friday halted electronic transfers as the currency plunged to a fresh low. News of the stoppage follows a new estimate puts Zimbabwean annual inflation at 531 billion percent.

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 limits currency holdings

Zimbabwe has outlawed of individuals holding cash exceeding five million Zimbabwean dollars (US$6,250) in another attempt to halt the cash crisis, reports the Sunday Times in South Africa.

Zimbabwe cash crisis deepens

Zimbabwe's opposition leaders have called the country's bank note crisis "an emergency of the highest order" as riot police control bank queues, according to a report by Sapa AFP. Many banks are now limiting cash withdrawals to 5 000 Zimbabwe dollars as…

Cash shortage still grips Zimbabwe

The Reserve Bank of Zimbabwe is printing over R218 million worth of cash to inject in the market and counter the current shortages, SABC News reported. ATM machines are empty in the country and the note printing is unlikely to help inflation currently…

Split may be developing over choice of RBZ chief

A split is emerging in Robert Mugabe's government over who should succeed outgoing reserve bank governor Leonard Tsumba at the Reserve Bank of Zimbabwe (RBZ). The Financial Gazette reports a number of camps have emerged within Mugabe's top leadership on…

Zimbabwe bank notes crisis worsens

Tuesday May 27 saw a worsening of the bank note shortage in Zimbabwe, according to The Herald Online, with some banks running out of notes and long queues at ATM machines.

RBZ staff boycott canteen over food quantity

Tensions are rising at the Reserve Bank of Zimbabwe after complaints about the food served in the staff canteen, according to All Africa News. Angry workers have called for the caters to be replaced after food portions were cut prompting the majority of…

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