NEW MEASURES TO LIFT THE ECONOMY
The Reserve
Bank of Zimbabwe has directed banks to increase interest on savings and time
deposits and to scrap all charges for transactions valued at US$5 and below or
the Zimbabwe Gold (ZiG) equivalent, to promote wider use of the domestic
currency ac…
The Reserve
Bank of Zimbabwe has directed banks to increase interest on savings and time
deposits and to scrap all charges for transactions valued at US$5 and below or
the Zimbabwe Gold (ZiG) equivalent, to promote wider use of the domestic
currency across the economy.
The new
directives are part of a coterie of bold policy measures RBZ Governor Dr John
Mushayavanhu announced in his 2025