Zimbabwe s currency rout stops as it touts 500 million plan zimbabwe ten trillion dollars 2008 zimbabwean currency bank zimbabwe central bank introduces new higher denomination notes zimbabwe to allow withdrawal of us dollars pymnts factsheet zimbabwe s currency through the years zimfact zimbabwean bond notes wikipedia. 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. These are the Reserve Bank of Zimbabwe (RBZ), The Ministry of Finance, The Deposit Protection Corporation, The Securities Exchange Commission (SEC) and The Insurance and Pensions Commission. 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. to ensure compliance with regulations. The current governor is John Panonetsa Mangudya. Up until 1994, the Reserve Bank as a Government agent, held the bulk of the country's gold and foreign assets with authorised dealers i.e., commercial and merchant banks retaining small amounts as working balances. 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. For over 4 decades the RBZ operated from the Reserve Bank Building along Samora Machel Avenue adjacent to … The Reserve Bank of Zimbabwe Act provides for a board of directors and a governor. To anchor price stability, Mangudya said the Reserve Bank of Zimbabwe shall aggressively intervene in the market to sterilize liquidity so as to help contain inflationary and exchange rate pressures. Since the last Monetary Policy Statement in October 2018, Zimbabwe has witnessed significant changes on … Economic Environment –Pre dollarisation … The central Bank is also the custodian of gold and other foreign assets. Reserve Bank of Zimbabwe Bulawayo Regional Office’s core deliverables are as follows: - currency or liquidity provision and distribution in the Region (covering Matabeleland North and South, Bulawayo Metropolitan, part of the Midlands and Masvingo Provinces) by receiving cash from Bank Branches with surplus and paying those with low deposits; Structure . The study sought to evaluate the extent of compliance by listed banking institutions to the Reserve Bank of Zimbabwe corporate governance (CG) guidelines of 2004. Structure of Zimbabwe’s Banking Sector Banking Sector Landscape Type Number Commercial Banks 18 Merchant Banks 4 4 Building Societies 4 Microfinance Institutions 115 Savings Bank 1 Source : Reserve Bank of Zimbabwe . In Zimbabwe there are five principal agencies charged with the responsibility of financial regulation and supervision. The governor, assisted by three deputy governors, is responsible for the day-to-day administration and operations of the bank. The building in which it currently operates was officially opened by President Robert Mugabe on May 31, 1996. History. The Reserve Bank of Rhodesia (which became the Reserve Bank of Zimbabwe at independence) 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.