RBZ rethinks NNCDs

RBZ governor John Mushayavanhu

THE Reserve Bank of Zimbabwe (RBZ) has re-calibrated the tenors and redeemability of its Non-Negotiable Certificates of Deposit (NNCDs) to enhance the effectiveness of its monetary policy in liquidity management.Effective last month, 2025, the central bank said it has discontinued shorter maturity buckets and imposed stricter conditions for early termination.“Effective May 27, 2025, maturity buckets…

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