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Reserve Bank of Zimbabwe

 

Reserve Bank of Zimbabwe Logo

The Reserve Bank of Zimbabwe is the central bank of Zimbabwe. The Reserve Bank of Zimbabwe has its origins in the Bank of Rhodesia and Nyasaland which was created in March 1956 as a central bank for the Federation of Rhodesia and Nyasaland. The Reserve Bank was the successor to the Central Currency Board, which had the sole right to issue currency.

 
 

The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides for the Board of Directors and the post of Governor who is responsible for the day-to-day administration and operations of the Bank. The Governor is assisted by two Deputy Governors. The Reserve Bank has, as its primary goal, the maintenance of the internal and external value of the Zimbabwean currency. In this regard, the Bank is responsible for the formulation and implementation of monetary policy, directed at ensuring low and stable inflation levels. A further core function of the Bank is to maintain a stable banking system through its supervisory and lender of last resort functions.


Other secondary roles of the Bank include the management of the country's gold and foreign exchange assets. The bank is the sole issuer of currency and acts as banker and advisor to Government. The main functions of the Reserve Bank include:-

 • Monetary policy formulation and implementation;
 • Issuer of bank notes and coins;
 • Custodian of gold and other foreign assets;
 • Banker and advisor to government; and
 • Bankers' bank and lender of last resort.

The vision of the Reserve Bank is to become the financial cornerstone around which Zimbabwe's economic fortunes and developmental aspirations are anchored. The pursuit of the Bank's vision will express itself through leadership in the formulation, implementation and monitoring of policies and action plans for fighting inflation, stabilisation of the internal and external value of Zimbabwe's currency and of the financial system in a manner that gives pride of achievement to Zimbabweans across the board.

Reserve Bank of Zimbabwe HQ Location Map

Reserve Bank of Zimbabwe
HQ Address: 80 Samora Machel Avenue Harare
Zimbabwe
Tel: +263 4 703 000
Fax: +263 4 707 800
Website: www.rbz.co.zw
Email: rbzmail@rbz.co.zw
Currency: Zimbabwe dollar
Banking Hours:
Monday - Friday 8.00am - 4.30pm
 

 

 

List of banks governed by the Reserve Bank of Zimbabwe
» Agricultural Development Bank of Zimbabwe (Agribank) » BancABC » Barclays Bank of Zimbabwe
» Barbican Bank Limited » CBZ Bank Limited » Ecobank Zimbabwe
» FBC Bank Limited » Genesis Investment Bank Limited » Highveld Financial Services Limited
» Interfin Bank » Intermarket Banking Corporation » Kingdom Bank Limited
» MBCA Bank Limited » Metropolitan Bank of Zimbabwe Limited » NMB Bank Limited
» Royal Bank Zimbabwe Limited » Stanbic Bank Zimbabwe Limited » Standard Chartered Bank Zimbabwe Limited
» Time Bank of Zimbabwe » Trust Banking Corporation Limited » TN Bank Zimbabwe
» ZB Bank Limited » Zimbabwe Allied Banking Group

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