News with the tag "rbz"

The Reserve Bank of Zimbabwe (RBZ) has denied claims that it intends to force recipients of U.S. dollar-denominated remittances to convert their funds into local currency. The central bank clarified that it has no plans to review its diaspora remittances policy. According to the RBZ, the market had ...

Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel

ZiG, the new gold-backed currency the Reserve Bank of Zimbabwe (RBZ) unveiled in April to contain high inflation, has been dogged by trust issues. Economists say that fixing broken trust, and not a new currency, will stabilize the economy. Also Read: India Gets Into Currency Manipulation The Souther...