Silo Foods increases grain producer price to RTGS$4 000 per tonne

Silo Foods Industries is now buying maize and small grain from farmers at RTGS$4 000 per tonne, representing a 90.47% increase from RTGS$2 100 being offered by its parent Grain Marketing Board (GMB).&...

By Staff reporter | Published: 02 October 2019


Mnangagwa's RTGS$ hits new low

Zimbabwe's interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a hedge against inflation, which is running at its highest in a ...

By Reuters | Published: 20 June 2019


CSD market value clocks RTGS$11bn

CHENGETEDZAI Securities Depository (CSD) market value has risen to RTGS$11 billion as at end of May 2019 after processing in excess of 82 120 securities deposits since going live in August 2014. Aroun...

By Staff reporter | Published: 19 June 2019


Mutodi sued over RTGS$40 000 debt

INFORMATION ministry deputy minister, Energy Mutodi's struggling company National Housing Development Trust (NHDT), risks having its bank accounts garnished after failing to settle a RTGS$40 000 debt ...

By Staff reporter | Published: 13 June 2019


RTGS dollar plunges by 140%

ZIMBABWE'S local currency, the Real Time Gross Settlement (RTGS) dollar, has plunged by 140% to trade at US$1:ZWL$6 on the official interbank market, nearly four months after its introduction in Febru...

By Staff reporter | Published: 12 June 2019


Business welcomes RTGS for FCAs

Business has welcomed the Reserve Bank of Zimbabwe (RBZ)'s move to allow payments through the real time gross settlement (RTGS) system for foreign currency account (FCA) holders.The Ministry of Financ...

By Staff reporter | Published: 30 January 2019


Ballooning RTGS indicate lack of lending

THE Reserve Bank of Zimbabwe says the ballooning Real Time Gross Settlement (RTGS) account balances are an indicator of lack of lending by mainstream banks to the productive sectors. Treasury has admi...

By Staff reporter | Published: 06 July 2018


Banks discontinue manual RTGS payments

A NUMBER of financial institutions in Zimbabwe have discontinued manual real-time gross settlement (RTGS) payments, as they go paperless, banking on increasing their efficiencies.Some of these banks i...

By Staff reporter | Published: 22 May 2018


US dollar, RTGS not at par, says CZI

PEGGING the greenback to Real Time Gross Settlement (RTGS) balances and bond notes on a one-to-one basis does not reflect the true value of the US dollar, the Confederation of Zimbabwe Industries (CZI...

By Staff reporter | Published: 17 May 2018


RTGS transactions on the rise

Transactions processed through the RTGS system increased by 25.8 percent to close the week ending April 27 at $1.6 million from 1.3 million the previous week, according to the RBZ latest Weekly Econom...

By Staff reporter | Published: 15 May 2018


RTGS payments decline

Transactions that passed through the Real Time Gross Settlement (RTGS) systems in the week to March 29, 2018 were down 14 percent to close the week at $1,5 billion from $1,7 million, official data sho...

By Staff reporter | Published: 24 April 2018


RBZ sweats bulging RTGs balances

A confidence crisis is brewing over Zimbabwe's banking sector mainly driven by the gradual lo ss of value of bank balances due to the growing mismatch in the United States dollar exchange rate amid gr...

By Staff reporter | Published: 20 October 2017


RTGs money drives ZSE

THE sustained rally on the Zimbabwe Stock Exchange is due to huge amounts of RTGs money that has been released into the economy by Government through debt assumption, the Securities Exchange Commissio...

By Staff reporter | Published: 05 September 2017


Zim banks go paperless

Zimbabwean banks are phasing out paper-based Real Time Gross Settlement (RTGS) transactions, with Standard Chartered (Stanchart) being the latest in announcing the move.This comes as banks have record...

By Staff reporter | Published: 03 September 2017


RTGS slump drags NPS payments

The total value of transactions processed through the National Payment System (NPS) decreased 33,3 percent to $1,2 billion in the week to August 18, from $1,6 billion in the previous week, as Real Tim...

By Staff reporter | Published: 29 August 2017


RBZ urged to strengthen RTGS system

AN Information and Communication Technology (ICT) expert has called for the further strengthening of the Real Time Gross Settlement (RTGS) amid revelations that a total of 2,5 million transactions va...

By Staff reporter | Published: 09 August 2017


Cash, RTGS gap widens

The gap between cash in circulation and virtual balances is seen widening despite initiatives to boost foreign currency earnings through exports, driven by speculative cash hoarding and the externaliz...

By Staff reporte | Published: 08 August 2017


Zim records $24bn RTGS H1 transactions

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says transactions worth $27.4 billion were made through the Real Time Gross Settlement (RTGS) system in the first six months of this year.In th...

By Staff reporter | Published: 03 August 2017


RTGS transactions recover

The value of RTGS transactions through the NPS increased by three percent from $1.10 billion to $1.13 billion in the week ending July 14, 207, central bank data shows. In its weekly report for the per...

By Staff reporter | Published: 01 August 2017


RTGS transactions in sharp deadline

The value of Real Time Gross Settlement transactions through the NPS declined 21 percent from $1.3 billion in the week ending June 7 2017, data from the central bank shows. In its weekly report for th...

By Staff reporter | Published: 19 July 2017


Card based transactions continue to rise

The total value of card based transactions increased by 1.11% to $331.71 million in the month of November, from $ 328.06 million in October 2013.This is based on figures released by the Reserve Bank o...

By Staff reporter | Published: 24 January 2014

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