RBZ issues ZiG500 million bill to stabilise currency

The RBZ is responsible for formulating monetary policy, issuing the national currency, and regulating the financial and banking systems.

THE Reserve Bank of Zimbabwe (RBZ) has issued a 90-day open-market ZiG500 million instrument to manage liquidity and stabilise the local currency. The ZiG Denominated Term Deposit Facility Bill (ZiGDTDF) is a modern liquidity sterilisation tool introduced under the 2026 Monetary Policy Statement. In a notice, the RBZ said it aimed to “enhance reserve money…

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