Our History
The Reserve Bank of Zimbabwe traces its origins to the Bank of Rhodesia and Nyasaland, which was established in March 1956 as the central bank for the Federation of Rhodesia and Nyasaland. The Bank succeeded the Central Currency Board, which previously held the sole authority to issue currency.
Initially, the Bank operated from the Vincent (now Mapondera) Building in Harare, which currently houses the High Court of Zimbabwe. In June 1957, it relocated to Bank Chambers at 76 Samora Machel Avenue to serve as its headquarters.
As the Bank’s operations and staff expanded, the need arose for a modern and purpose-built facility. This led to the construction of the current headquarters complex at 80 Samora Machel Avenue. The building, regarded as one of the most technologically advanced in Zimbabwe at the time, was officially opened on 31 May 1996.
Serving as banker, advisor, and stabilising authority for Government and financial institutions.
Protecting currency integrity, managing reserves, and promoting confidence in the financial system.
Reserve Bank of Zimbabwe
Our Mandate
The Reserve Bank of Zimbabwe (RBZ) is mandated to foster monetary and financial stability in support of sustainable economic growth and development. Through prudent policy formulation, effective regulation, and sound financial stewardship, the Bank works to maintain confidence in Zimbabwe’s financial system and national currency.
To ensure price and financial stability through prudent, innovative, and evidence-based monetary policies that preserve the value of the local currency, while promoting sustainable and inclusive economic growth for the prosperity and resilience of Zimbabwe.
To be an innovative, world-class central bank.
Our Values
Fostering collaboration, inclusivity, and shared responsibility
Upholding the highest ethical standards and professionalism
Supporting long-term economic and institutional resilience
Promoting openness, accountability, and trust
Embracing creativity and forward-looking solutions
Demonstrating dedication to excellence and public service
