DIRECTIVE ISSUED IN TERMS OF SECTION 35 (1) OF THE EXCHANGE CONTROL REGULATIONS STATUTORY INSTRUMENT 109 OF 1996 Introduction 1.1 Reference is made to the Reserve Bank of Zimbabwe (Legal Tender)Regulations, Statutory Instrument 142 of 2019 issued by the Minister of Finance and Economic Development and the Press Statement announced by the Governor of the Reserve…
Following the issuance of new regulations that ended the multi-currency regime and introduced the Zimbabwe dollar as the sole legal tender, the Reserve Bank of Zimbabwe issued a press statement outlining its policy measures aimed at supporting the Zimbabwe dollar. Read the full statement below.
On 24 June 2019, the Zimbabwe Minister of Finance and Economic Development issued the Reserve Bank of Zimbabwe (Legal Tender) Regulations through Statutory Instrument 142 of 2019, which removed foreign currencies as legal tender and reintroduced the Zimbabwe dollar. Read the statutory instrument below.
The Managing Director of the IMF approved on May 15, 2019, a Staff-Monitored Program (SMP) for Zimbabwe, covering the period of May 15, 2019 to March 15, 2020. Read the press release below or download it here.
Following the 2018 elections the Government of Zimbabwe launched a new economic blueprint, the Transitional Stabilisation Programme (TSP) in October 2018, which will run from 2018 to 2020. Read the TSP below download using this link.