After selling up to $20 million in U.S. cash to banks to trade on a new forex interbank market, Zimbabwe’s central bank is now running out of dollars because of the high demand. The country has been dealing with a severe cash shortage that has...
August 14, 2022
Zimbabwe central bank governor John Mangudya has said there’s a “roadmap” to adopt a CBDC, a consultation paper from the bank said. This comes six months after the Reserve Bank of Zimbabwe (RBZ) said it would look into the feasibility of rolling out a CBDC. Mangudya said the bank was now looking at getting stakeholder […]
February 28, 2019
After selling up to $20 million in U.S. cash to banks to trade on a new forex interbank market, Zimbabwe’s central bank is now running out of dollars because of...
