The Financial Markets Division’s main activity is to ensure, efficient and sound management of foreign exchange reserves, payment systems, banking operations and development of the domestic money and capital markets. It has four Departments namely Banking Operations, International Banking and Portfolio Management, Money and Capital Markets and National Payment Systems.
The Division’s main strategic objectives are:-
The Department’s major objective is the provision of efficient banking services to its clients, notably the Government, Financial Institutions and other internal customers
Money and Capital Markets
The main objective of the department is to develop, diversify and deepen money and capital markets through managing the credit and accommodation windows by performing the Lender of Last Resort function as enshrined in the Reserve Bank of Zimbabwe Act [Chapter22:15]. It is also mandated with the issuance of Government securities as well as assisting in the management of the country’s domestic debt. Ordinarily undertakes Open Market Operations.
International Banking and Portfolio Management
The main objective of the Department is to ensure the efficient and sound management of foreign exchange reserves and mobilisation of foreign lines of credit. It carries out its mandate through:-
The main objective of the Department is to promote the smooth operation of the payment systems as enshrined in the National Payment Systems Act [Chap: 24:23]. It is mandated to formulate and implement policies to promote the establishment, regulation and oversight of safe, sound and efficient payment, clearing and settlement systems in the country.
The Department’s core deliverables are:-
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