Reserve Bank of Zimbabwe definition

Reserve Bank of Zimbabwe means the Reserve Bank of Zimbabwe established in terms of the Reserve Bank of Zimbabwe Act [Chapter 22:15];

Reserve Bank of Zimbabwe means the Reserve Bank of Zimbabwe referred to in section 4 of the Reserve Bank of Zimbabwe Act [Chapter 24:22];

Examples of Reserve Bank of Zimbabwe in a sentence

• Bids in other currencies will be converted to this currency for evaluation purposes only, using the exchange rates published by the Reserve Bank of Zimbabwe on the date of the submission deadline, see http://www.rbz.co.zw/.

• A Bidder may propose a deviation from the schedule and if the deviation is considered acceptable to the Procuring Entity, the Bid will be evaluated by calculating interest earned for any earlier payments involved in the terms outlined in the Bid as compared with those stipulated in the SCC, at the rate of interest indicated by the Reserve Bank of Zimbabwe on the closing date for submission of bids.

• The Solidarity Peace Trust, in a report dated 30 August 2006, noted that in an attempt to tackle hyper inflation the Reserve Bank of Zimbabwe launched ‘Operation Sunrise’ during July/August 2006.

• The risk is controlled through control of open position as per ALCO directives, Reserve Bank of Zimbabwe requirements and analysis of the market.

• Any part of the Recovered Assets Fund not immediately required for the purposes of the Fund may be invested by the Reserve Bank of Zimbabwe in such manner as the Minister may determine or approve.

• The use of the Zimbabwe dollar as an official currency was effectively abandoned on 12 April 2009 as a result of the Reserve Bank of Zimbabwe legalising the use of the rand and the US dollar as standard currencies for exchange.

• The youth militia, like the war veterans, are a vital cog in Mugabe’s electioneering machine.” [49bv] In addition, ZimOnline reported on 13 February 2007 that over 5,000 youth militia graduates who had been employed by the Central Reserve Bank of Zimbabwe were to receive huge pay rises, increasing salaries to Z$1.2 million per month – more than 10 times that of doctors.

• Capital adequacy and the use of regulatory capital are monitored daily by the Group’s management, employing techniques based on the guidelines developed by the Basel Committee as implemented by the Reserve Bank of Zimbabwe (the “RBZ”), for supervisory purposes for the banking subsidiaries.

• This Act may be cited as the Reserve Bank of Zimbabwe Act [Chapter 22:15].

• In December 2003, Mugabe selected Gideon Gono, credited with turning around a troubled commercial bank, as governor of the Reserve Bank of Zimbabwe.