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Search results: Reserve Bank of Zimbabwe (RBZ)

MMCZ Mulls Export Exemption Certificates for Gemstone Miners

The Minerals Marketing Corporation of Zimbabwe (MMCZ) is actively pursuing the introduction of Exemption Certificates for gemstone exporters, a development that will provide semi-precious mineral miners with more market options while enabling the government to increase...

Women in Mat North Eager to Fully Utilize Bubi Gold Centre

Women under the Zimbabwe Miners Federation (ZMF) in Matabeleland North Province have vowed to restructure operations at the Bubi Gold Service Centre, which is currently "partially" operating.By Rudairo MapurangaSpeaking to Mining Zimbabwe, ZMF Matabeleland North Chairperson...

25% Forex Surrender is here to Stay – RBZ Governor

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu has said that the 25% forex surrender requirement imposed on revenue generated from all mineral exports will remain in effect, emphasizing its crucial role in maintaining foreign...

ZiG hits Harare streets

The Reserve Bank of Zimbabwe (RBZ) began circulating the new Zimbabwe Gold (ZiG) banknotes this Tuesday, with individuals permitted to withdraw only ZiG3,000 per week and companies ZiG30,000 per week.Patricia RwafaOn April 5th, the new RBZ...

Imagine the response if RBZ had said “Now we transact in gold”

It is a well-known fact that the “Safe Haven” for any wealth for investors is Gold and luckily Zimbabwe has gold, plenty of it. Unlike other volatile minerals, Gold serves as a reliable store of wealth,...

Zim introduces another new currency, the”ZiG”

The new Reserve Bank of Zimbabwe (RBZ) governor Dr John Mushayavanhu today unveiled the new structured currency, the "ZiG".Patricia RwafaAddressing the country, Mushayavanhu said the ZiG is a "structured currency". He said unlike typical fiat money,...

RBZ sold digital currency worth 4.8 kgs of pure gold

The Reserve Bank of Zimbabwe (RBZ), managed to sell digital currency worth 4.8 kgs of pure gold.Rudairo MapurangaThe RBZ on Tuesday received 12 applications to purchase gold-backed digital tokens with an amount of Zwl $5,240,399,573.79 realised...

RBZ collects close to a ton of gold from royalties

The Reserve Bank of Zimbabwe (RBZ) has collected close to a ton of gold reserves since implementing a law that requires mining companies to pay a portion of their royalties using the precious metal.According to RBZ...

Rushwaya to be sentenced tomorrow

Zimbabwe Miners Federation (ZMF) President Ms Henrietta Rushwaya who is accused of attempting to smuggle 6kg of gold will be sentenced tomorrow at 14:30hrs, Mining Zimbabwe has learnt.Rushwaya had been remanded to today (14 November 2023)...

BREAKING: Rushwaya remanded to Tuesday, court waits for evidence from RBZ

Zimbabwe Miners Federation (ZMF) President Ms Henrietta Rushwaya who was recently convicted of a gold smuggling attempt has been remanded to Tuesday 14 November for sentencing in the anti-corruption court at the High Court in Harare...

Softening mineral prices affect export receipts by 9%

The decline in global mineral commodity prices has resulted in a 9% decrease in export receipts during the first nine months of 2023 compared to the same period in 2022.Rudairo MapurangaAccording to the Reserve Bank of...

RBZ Forecasts 5% Economic Growth, Due to Lithium Investments

Despite recent monetary challenges experienced in the country, the Reserve Bank of Zimbabwe (RBZ) through its midterm monetary policy statement has projected robust economic growth at over 5 per cent in 2023 up from the initial...

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