Zimbabwe News Update
π Published: August 20, 2025
π° Source: newzimbabwe
Curated by AllZimNews.com
π Published: August 20, 2025
π° Source: newzimbabwe
Curated by AllZimNews.com
Its website was offline all Tuesday, with the official dollar exchange-rate for the local currency, the gold-backed ZiG, unavailable.
Large retailers and local councils are among those which often rely on the central bankβs website for a guide on official exchange rates to price their goods and services.
The Zimbabwe Stock Exchange is also affected as its unable to settle payments.
Lawrence Nyazema, president of the Bankers Association of Zimbabwe, said the main system was down which in turn affected payments across the market, while noting the RBZ had been able to restore some services. π
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