RBZ locks up liquidity in NNCDs
….amid mounting business pressure
LIVINGSTONE MARUFU The Reserve Bank of Zimbabwe (RBZ) has moved to lock up excess liquidity in Non-Negotiable Certificates of Deposit (NNCDs) as part of its strategy to curb speculative lending and stabilise the exchange rate. This decision comes despite mounting pressure from industry and commerce. Dr. John Mushayavanhu, Governor of the RBZ, has stated unequivocally…
