This Annual Report provides an outline of the role of the Reserve Bank of Zimbabwe in its price and financial system stability mandate. The Report also presents the audited financial statements of the Bank for the year ended 31 December 2019.
Notwithstanding the build-up in inflationary pressures, particularly during the last quarter of 2018, the banking sector remained safe and sound and continued to show resilience as indicated by general financial sector stability.
As Monetary Authorities, we strongly believe that price stability, a smooth payments system, improved ease of doing business and investor confidence are important pillars for reviving the growth prospects of the economy, in order to realise the national vision of becoming a middle income country by 2030.
In 2016, the Reserve Bank of Zimbabwe was seized with putting in place measures to strengthen the banking sector as well as restoring confidence in the economy. In this regard, the Bank implemented policies geared towards increasing domestic output and productivity, necessitating increased export earning capacity for the economy.