Search results: Reserve Bank of Zimbabwe (RBZ)

This morning, Zimbabwe Miners Federation (ZMF) President Ms. Henrietta Rushwaya will meet the governor of the Reserve Bank of Zimbabwe (RBZ) in an endeavor to address the issue late payments by the country’s sole gold buyer...

Miners and other exporters will now be subjected to foreign currency retention threshold of 70 percent following the success of the auction-based system in improving foreign currency availability for producers.According to the new monetary policy released...

The Reserve Bank of Zimbabwe (RBZ) has caved in to demands from small scale gold producers giving them the greenlight to retain 100% of their foreign currency receipts among a raft of measures to plug leakages...

ONE of Zimbabwe’s largest gold miners, RioZim, says it has received an insignificant amount from funds owed by gold buyer, Fidelity Printers and Refiners (FPR), while delayed payment has put the firm under ‘enormous financial stress’.FPR...

Primary producers of gold in the country would have felt some respite in the wake of the inaugural Reserve Bank of Zimbabwe (RBZ) foreign currency auction, held on the 23rd of June 2020, when it was...

Fidelity Gold Refiners (FGR), a subsidiary of the Reserve Bank of Zimbabwe (RBZ), has decentralized its gold buying operations from Harare to strategically cover all gold-producing regions across the country. This move aims to reduce security...

Coal Producers Association is seeking permission from monetary authorities to sell its coal to ZESA Holdings in foreign currency as the power utility is billing exporters in forex for electricity consumption.The Reserve Bank of Zimbabwe (RBZ)...

THE Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) has directed all banks to review downwards Zipit transaction limits to ZWL$20 000 a day from ZWL$100 000 following abuse of the facility by illicit foreign...

Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mangudya, yesterday said the bank found a sustainable way to manage funds required to make consistent US dollar cash payments to small gold miners.This came after RBZ unit,...

THE Reserve Bank of Zimbabwe (RBZ), through its February 2019 monetary policy statement, reduced the 70/30% gold retention threshold to 55/45% for all miners, a move which was, however, described by miners as unprogressive in many...

THE Reserve Bank of Zimbabwe (RBZ) governor John Mangundya recently presented his Monetary Policy Statement (MPS) under the theme: Focusing on price and exchange rate stability.The statement came at a time when the thrust of the...

THE Reserve Bank of Zimbabwe (RBZ) has urged the mining sector to ramp up production in order to increase its contribution to the national fiscus.The mining sector is viewed as a locomotive of Zimbabwe’s development agenda,...