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Zimbabwe Does Not Have a Forex ‘Problem,’ Central Bank Boss Says

Summary by Bloomberg

Zimbabwe has ample dollars to supply demand, according to the head of the central bank, who assured the southern African nation that it does not have a currency “problem.”

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Bloomberg

Zimbabwe Does Not Have a Forex ‘Problem,’ Central Bank Boss Says

Zimbabwe has ample dollars to supply demand, according to the head of the central bank, who assured the southern African nation that it does not have a currency “problem.”

3 days ago·United States

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

Zimbabwe does not have a forex 'problem,' central bank boss says

Zimbabwe does not have a forex 'problem,' central bank boss says Godfrey Marawanyika and Ray Ndlovu Share your Subscriber Article You have 5 articles to …

2 days ago

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Africa.com

Gold-Backed ZiG has Struggled to Win People over in Zimbabwe

Zimbabwe’s central bank governor, John Mushayavanhu, assured the public that the country does not face a foreign exchange (forex) crisis. He explained that during a recent market intervention, the central bank offered $20 million in forex, but only $15 million was purchased, indicating the level of demand in the market. This suggests that Zimbabwe has… Read More »Gold-Backed ZiG has Struggled to Win People over in Zimbabwe

2 days ago

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Harare Live

ZiG Gains Traction as More Transactions Shift to Local Currency

Reserve Bank of Zimbabwe (RBZ) Governor, Dr. John Mushayavanhu, has reported an increase in the use of Zimbabwe Gold (ZWG) currency, though foreign currencies, particularly the US dollar, still dominate transactions in the country. Speaking on a ZTN podcast, Dr. Mushayavanhu revealed that ZWG now accounts for 30% of transactions, marking significant progress since its … The post ZiG Gains Traction as More Transactions Shift to Local Currency app…

3 days ago

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African Mining Market

Zimbabwe mining sector eyes recovery amid crisis

Zimbabwe’s mines said this week expansion projects, along with projected bullish international mineral prices, will help the industry achieve 7% growth this year, defying a tougher tax regime and punitive lending rates. This growth would be ahead of 5% in 2024, and 4% the previous year. “In the outlook for 2025, the mining sector’s output …

3 days ago

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Zimbabwe Situation

Banks disburse ZiG161m to productive sectors - Zimbabwe Situation

Source: Banks disburse ZiG161m to productive sectors – herald Banks have disbursed nearly ZiG161 million to productive sectors under the Targeted Finance Facility (TFF), Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu has said. Last month, the central bank launched the ZiG600 million concessional loan facility to address funding shortfalls in the country’s productive sectors following the realisation that commercial banks lacked suf…

3 days ago

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