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Search results: Reserve Bank of Zimbabwe (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...
Zim Set to Introduce Gold-Backed Digital Tokens
The Reserve Bank of Zimbabwe (RBZ) through its midterm monetary policy statement announced that it is at an advanced stage in the preparations for the eventual rolling out of Gold Backed Digital Tokens (GBDT) in phase...
Vast to recommence diamond mining agreement, awaits diamond parcel release
Vast Resources has announced that it expects to finalize its mining agreement on the Community Diamond Concession in Marange, Manicaland Province.This comes after the High Court of Zimbabwe granted a default order relating to a historic...
BREAKING: Miners to now remit royalties to ZIMRA
The Zimbabwe Revenue Authority (ZIMRA) has advised miners and Mining companies to cease with immediate effect, remitting mining royalties to the Reserve Bank of Zimbabwe (RBZ) and remit to ZIMRA Commissioner General in compliance with the...
Caledonia Mining starts direct sales of gold to a refiner outside Zim
Caledonia Mining Corporation Plc has announced that it has commenced the direct sale of gold produced from the Blanket Mine to a refiner outside Zimbabwe.
Since listing on the Victoria Falls Stock Exchange and following the completion...
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