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Construction of the new RBZ building began in 1993 and was fully completed in 1997, but was officially opened by President Robert Mugabe on May 31, 1996. The building is the tallest in Zimbabwe [citation needed] standing at a height of 394 feet (120 m) with 28 floors above ground.
Website www .rbz .co .zw The Zimbabwe Gold ( ZiG ; code : ZWG ) [ 3 ] is the official currency of Zimbabwe since 8 April 2024, [ 2 ] backed by US$575 million worth of hard assets: foreign currencies, gold, and other precious metals.
John Mangudya started work as RBZ governor on 1 May 2014 after being appointed into office by Robert Mugabe. [9] He took over from Charity Dhliwayo who had been acting since November 2013 following Gideon Gono's retirement. In May 2019, his expired contract was renewed for a further 5 years by Emmerson Mnangagwa. [10]
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Almost immediately after the Reserve Bank abolished the peg, the official rate against the US dollar declined to Z$2.80 on 22 March 2019, and Z$6.00 on 12 June 2019, while the parallel rate fluctuated between Z$7.00 and Z$13.00 by 3 July. [22] [35] [36] The Reserve Bank's annual inflation rate surpassed 100% in June 2019, and 500% in December ...
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Zimbabwe Bird (¾ profile, long neck) and "RBZ" 23e 31 December 2005 28 $50 000: 148 × 74 mm Purple Reserve Bank seal, flame lily (Gloriosa superba), guilloché border Victoria Falls, guilloché border Zimbabwe Bird (¾ profile, long neck) and "RBZ" 1 October 2005 1 October 2005 31 December 2006 21 August 2006 29 30 1 February 2006 31 $100 000