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High-yield savings rates for December 27, 2024. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.05% APY with no minimums at ...
24 January – RBZ caps daily variance of official exchange rate based on volume traded. The ZWD is able to fluctuate (from its average rate) in a daily band of: 0% (under US$5 million); 1% (US$ 5 to 10 million); 1.5% (US$ 10 to 15 million); or 2% (exceeds US$15 million). This effectively froze the official exchange rate.
In September, however, 4.1 percent was the lowest unemployment rate the economy had seen in three months, down from 4.2 percent in the previous month and surprising market expectations.
The coins came in several forms: 1 ZiG, 2 ZiG, 5 ZiG. They were introduced on 30 April 2024, along with the banknotes. [31] [32] There are plans to introduce also coins for 1 ⁄ 10 ZiG, 1 ⁄ 4 ZiG, and 1 ⁄ 2 ZiG as well. Banknotes of the same denominations will not be released.
1, 5, 10, 25, 50 Cents Bond Coin, 1 Dollar Bond Coin, 2 Dollar Bond Coin The Reserve Bank of Zimbabwe began to release Zimbabwean bond coins on 18 December 2014. The coins were supported by a US$50 million facility extended to the Reserve Bank of Zimbabwe by Afreximbank (the African Export–Import Bank). [ 1 ]
Bank rate, also known as discount rate in American English, [1] and (familiarly) the base rate in British English, [2] is the rate of interest which a central bank charges on its loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country, and has changed over time in some countries as ...
Rates on a 15-year mortgage stand at an average 5.89% for purchase and 5.93% for refinance, up 3 basis points from 5.86% for purchase and 4 basis points from 5.89% for refinance this time last week.
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.