Monetary Policy Committee

Press Statement-Issuance of Gold-backed Digital Tokens

Pursuant to the resolution of the Monetary Policy Committee (the MPC) on 28 March 2023 to complement the issuance of physical gold coins with gold-backed digital products, the Bank wishes to advise that it will be issuing gold-backed digital tokens with effect from 8 May 2023. The gold-backed tokens will be fully backed by physical gold held by the Bank.

2022-04-25 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 29 April 2022 to discuss the recent macroeconomic and financial developments and their impact on the economy. The Committee noted with concern the recent uptick in month-on-month inflation, from 7.7% in March to 15.5% in April 2022, and the increase in annual inflation from 72.7% in March to 96.4% in April 2022.

2021-08-27 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

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The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on the 27th of August 2021 and deliberated on recent economic and financial developments and their implications on monetary policy.
The Committee noted with satisfaction the strong economic growth which is envisaged to be strengthened by the favourable global economic outlook and the US$961million SDR allocation from the International Monetary Fund (IMF) on 23 August 2021.

2021-01-07 Reserve Bank : Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

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The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 7 January 2021 and deliberated on measures to refine and enhance the sustainability of the Foreign Exchange Auction System. The MPC made the following resolutions in respect of surrender and liquidation of foreign exchange receipts: -
(a) To remove the compulsory requirement to liquidate all unutilised export proceeds after 60 days, with 

2020-05-22 Reserve Bank : Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee of the Reserve Bank of Zimbabwe (the Committee) met on 22 May 2020 and considered a wide range of issues currently confronting the Zimbabwean economy.
The Committee welcomed the Bank’s decision to introduce higher-denominated banknotes to the market through normal banking channels that are money supply neutral but urged the Bank to enhance the process of dealing with and replacing soiled and damaged notes in circulation.

2020-03-26 Reserve Bank : Press Statement on the INTERVENTIONS IN RESPONSE TO THE FINANCIAL VULNERABILITIES CAUSED BY THE COVID-19 PANDEMIC

Pursuant to His Excellency, the President’s 23 March 2020 Address to the Nation on additional measures to mitigate the devastating impact of COVID-19 on the Zimbabwean society and the economy, Government, through the Reserve Bank of Zimbabwe ( the Bank ), would like to advise the public that it is making it easier for the transacting public to conduct business during this difficult period by making available an option to use free funds to pay for goods and services chargeable in

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