Logo of Reserve Bank of Zimbabwe
The Reserve Bank of Zimbabwe is the central bank of Zimbabwe.
The bank traces its history to the Bank of Rhodesia and Nyasaland, founded in March 1956, which in turn was the successor to the Central Currency Board.
The Reserve Bank has continued to function, and has grown in operations and staff, through a variety of changes in sovereignty and governmental structure in Rhodesia and Zimbabwe. The building in which it currently operates was officially opened by President Robert Mugabe on May 31, 1996.
The Reserve Bank of Zimbabwe Act provides for a Board of Directors and a Governor. The Governor, assisted by three deputy governors, is responsible for the day-to-day administration and operations of the bank. The current Governor is John Panonetsa Mangudya.
The Governor and his three deputies are appointed by the president for five-year terms that may be renewed. The Governor also serves as chairman of the board. The board's membership includes the three deputies and a maximum of seven other non-executive directors, intended to represent key sectors of the economy.
The Reserve Bank's most important role is to create and enact monetary policies. According to the bank's website, as the only producer of Zimbabwe's bank notes and coins, it regulates the amount of money in circulation. However since a range of foreign currencies is currently in use for domestic transactions, the bank's ability to control money supply is limited. The Reserve Bank also looks after the country's gold and other assets, and serves as an advisor to the government and provides the government with daily banking services.
It is also active in promoting financial inclusion policy and a member of the Alliance for Financial Inclusion. 
Due to the unstable economic conditions and failure to control inflation (2008), economists have suggested that the Reserve Bank be abolished. Some economists have suggested that the Reserve Bank of Zimbabwe be reformed. Legislation in 2008 was debated in the lower house of the Zimbabwean parliament with a view to limiting the so-called quasi-fiscal activities of the Reserve Bank.
- ^ http://www.newzimbabwe.com/business-15010-CBZ+boss+named+new+RBZ+governor/business.aspx
- ^ "AFI members". AFI Global. 2011-10-10. Retrieved 2012-02-23.
- ^ http://www.voanews.com/english/archive/2008-06/2008-06-27-voa2.cfm
Zimbabwe's Bank Plans to Import Special Coins
The reserve bank of Zimbabwe plans to import new coins with similar value to those currently circulating in the economy to ease a shortage of change in the e...
Zimbabwe hunts for new Central Bank Governor
Zimbabwe is currently looking for a Central Bank Governor, after Gideon Gono stepped down as Governor of the Reserve Bank of Zimbabwe. On his watch, Zimbabwe...
Zimbabwe music-Gono bvisa Father Zero(Remove Mugabe)-Viomak
A video showing how the Zimbabwean currency has fallen,backed by Viomak protest music.She sings that the governor of the reserve bank of Zimbabwe ,Gideon Gon...
John Mangudya takes up leadership of Zimbabwe Central Bank
Zimbabwe's new Reserve bank boss has his work cut out. The country's interbank market collapsed at the height of inflation and the country operates with more...
Zimbabwe Dollar Proof of Revaluation
Zimbabwe Dollar - Revaluation update. http://globalcurrencyreset.net/zimbabwe-dollar-to-usd/ In my latest video I analyze statements made by the reserve bank...
Foreign Currency Bank Note- Notafilia, Zimbabwe dollars, Zimbabwe bank notes, Reserve Bank of Zimbabwe, 10 000 000 000 000 dollars, five billion dollars, ten...
Zimbabwe Dollar To USD | DON'T BUY ZIM DOLLAR | GLOBAL CURRENCY RESET
Zimbabwe Dollar to USD http://globalcurrencyreset.net/zimbabwe-dollar-to-usd/ . Zimbabwe Revaluation Update 8/16/2014 https://www.youtube.com/watch?v=linBWw2...
Viomak Music -GONORIYA (Gonorrhoea)- Zimbabwe Protest Music Music
ZIMBABWE CIRCUS album was released on 25 December 2008.The song Gonoriya (Gonorrhoea )despises the reserve bank of Zimbabwe Gideon Gono 's dubious and thugge...
AAYN Episode 1: Zimbabwe Inflationary $100,000,000,000,000 Notes
The American Association of Young Numismatists (AAYN) is an association dedicated to educating and impassioning young people about the hobby of coin collecti...
Zimbabwe Hyperinflation Currency Collapse Explained (Part 2)
Zimbabwe Hyperinflation Currency Collapse of 2008 Explained! http://www.preservationofwealth.net/calsilver Prices doubled here every 24.7 hours in November 2...
Tue, 26 Aug 2014 03:52:34 -0700
Foreign investment in Zimbabwe more than halved in the first six months of the year, the country's central bank chief John Mangudya has said. "The country received a paltry $67m [£40m] compared to $165m during the same period in 2013," he said.
Wed, 27 Aug 2014 05:33:45 -0700
VENTURES AFRICA – With President Mugabe away in China in an effort to attract a rescue package, the Reserve Bank of Zimbabwe has put in place a spectrum of financial sector policies all in a bid to reduce the liquidity problems besetting the country at ...
Sun, 21 Sep 2014 00:18:45 -0700
ONGOING public hearings by Parliament on whether tax-payers must take over the Reserve Bank of Zimbabwe's US$1,3 billion debt, could turn into a monumental farce after it emerged chair of the legislative committee leading the exercise, David Chapfika, ...
Tue, 16 Sep 2014 21:30:00 -0700
Public hearings on the Reserve Bank of Zimbabwe (Debt Assumption) Bill continue with most Zimbabweans saying they should not be forced to repay funds that benefited some individuals, who accessed various schemes when the RBZ engaged in ...
Fri, 05 Sep 2014 02:11:15 -0700
The Herald quoted John Mangudya, the Reserve Bank of Zimbabwe governor, as saying the country had failed to import U.S. coins in the past because freight charges were higher than their value. The bank will instead import coins with similar denomination ...
Thu, 11 Sep 2014 20:00:00 -0700
Soon the banks caught on, insisting on stricter credit checks, but the damage had already been done. Many banks now stand burdened with non-performing loans, a problem which the Reserve Bank of Zimbabwe (RBZ) readily admitted in its latest Monetary ...
Fri, 29 Aug 2014 01:03:45 -0700
The measure comes as Zimbabwe is battling a liquidity crisis and small change challenges. Reserve Bank of Zimbabwe governor John Mangudya told the Daily News that they were expecting to introduce the special coins before the end of December 2014.
Sun, 31 Aug 2014 10:26:15 -0700
The Reserve Bank of Zimbabwe will conduct a final survey on the implementation progress of a new set of banking regulations before institutions go live in 2015. Banks have to adopt Basel II, a set of banking regulations which administers finance and ...
Oops, we seem to be having trouble contacting Twitter