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Bank of Reserve of Zimbabwe (Reserve Bank of Zimbabwe)
The origins of the bank of reserve of Zimbabwe go up in 1956 with the creation of Bank of Rhodesia and Nyasaland. This structure had succeeded itself the Exchange Currency Board. The bank of reserve of Zimbabwe is directed by a steering committee made up of an assisted governor of three deputy governors. It is the governor who is responsible for the administration and the operations of the bank. The goal of this central bank is to guarantee the maintenance of the price stability in all the country and of a financial inclusion thanks to credible and effective policies.
The central bank of Zimbabwe is responsible for the development and the application of a monetary policy aiming at maintaining a rate of weak inflation. It is also this institution which issues the banknotes and the coins, the official currency being the American dollar. In addition, it is the banker of the government like his adviser on the economic questions and monetary. It must also guarantee the stability of the banking system by supervising this last and while being the bank of the banks as well as the lender in last spring.
Lastly, the central bank of Zimbabwe publishes an annual report as well as weekly or quarterly reviews on the economy of the country.
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