Published: 30 January 2014

The Reserve Bank of Zimbabwe (RBZ) will from March this year resume its role as the banker of government as it moves to restore confidence in the financial services sector.

Presenting the Monetary Policy Statement yesterday, acting RBZ governor Charity Dhliwayo said as market conditions improve, the apex bank intended to introduce repos and reverse repos to improve interbank trading and help ease attendant liquidity challenges.

Turning to gold production, Dhliwayo said a unit of the RBZ has plans to re-apply to the London Bullion Market Association amid concerns that Treasury was not benefiting from the real value of the precious metal due to intermediaries.
- newsday

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