Category: Finance

Bond not the problem- Mangudya

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday defended the use of bond notes, saying the real cause of problems facing the economy was not the surrogate currency,… Read more »

RBZ mulls forex interbank market

The directive by the Reserve of Zimbabwe (RBZ) early last month for banks to separate foreign currency accounts (nostros) and Zimbabwe’s surrogate currency (bond notes/RTGS) balances, was part of initial… Read more »

Standard Bank scoops 13 awards

STANDARD Bank Group, Africa’s leading bank by assets and parent company to Stanbic Bank Zimbabwe, has been recognised for its work across Africa, scooping 13 awards from Global Finance at… Read more »

Banks fingered in US dollar scams

Market indiscipline in the local financial services sector necessitated the separation of Foreign Currency Accounts (FCAs) and real time gross settlement (RTGS) accounts, Finance and Economic Development Permanent Secretary George… Read more »