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Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 12 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 17 | by Martin Majaji
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | 4 | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | | by Staff reporter
Zimbabwe a country with no coins, US$1 is more useful than US$100
ADRIANA Siwela, a 25-year-old college student in Harare, thought she could dash into a shop for a quick purchase of a US$2 packet of biscuits. But the cashiers sent her away. Her US$20 bill is conside...Published: 23 Feb 2022 at 05:49hrs | 13 | by Staff reporter
'New Zimdollar not priority,' says Mthuli Ncube
Finance and Economic Development Minister Professor Mthuli Ncube said on Tuesday Government was not in a hurry to issue new Zimbabwean dollar notes/coins, but rather focused on the need to replace soi...Published: 22 Aug 2019 at 07:36hrs | | by Staff reporter
EcoCash agents make a killing
ECOCASH agents have turned their booths into illegal selling points of cash at exorbitant premiums ranging from 30 to 40 percent. For one to get bond coins and notes from EcoCash agents, he or...Published: 13 Aug 2019 at 07:06hrs | 1 | by Staff reporter
SI 142 yields positive results
Having been asked by fellow Zimbabweans to clarify the impact of Statutory Instrument 142 of 2019 (SI 142/2019), announced by Finance and Economic Development Minister Professor Mthuli Ncube on June 2...Published: 15 Jul 2019 at 07:45hrs | 1 | by Tendai A. Chinamasa
Why Mthuli Ncube fast-tracked Zimdollar return plans
Zimbabwe re-introduced its local currency earlier than scheduled because the market was rapidly re-dollarizing, putting more pressure on the government, finance minister Mthuli Ncube said Monday....Published: 09 Jul 2019 at 17:59hrs | 1 | by Xinhua
The gnashing of teeth is nigh
The nature of Bishop Lazi's job, which often involves endlessly counselling the stricken, the infirm, the indisposed and the emotionally wounded, naturally makes him a couch potato, especially during ...Published: 07 Jul 2019 at 21:01hrs | 2 | by Bishop Lazi
Strive Masiyiwa's 'former' lawyer sues Mthuli Ncube over currency reforms
Tawanda Nyambirai, who is on record as having been a lawyer to leading businessman Strive Masiyiwa in his bid to license Econet Wireless Zimbabwe, has sued the Minister of Finance and Economic Deleopm...Published: 06 Jul 2019 at 20:43hrs | 2 | by Staff reporter
Introduction of Zimdollar to sink economy, say analysts
THE decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency's value may tumble...Published: 30 Jun 2019 at 09:05hrs | 1 | by Staff reporter
ZANU PF Lack of Consultation Dragging Zimbabwe into the Abyss
The announcement of Statutory Instrument 142 of 2019 which outlawed the use of multi-currency system that has been in operation since 2009, adds another chapter, or rather a new low in ZANU PF's non-c...Published: 27 Jun 2019 at 21:38hrs | | by Farai Maguwu and Darlington Nyambiya
Zimbabwean exporters to continue getting US$
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says the new monetary regulations as announced through Statutory Instrument (SI) 142 of 2019 will have no effect on payment modalities to expor...Published: 26 Jun 2019 at 07:00hrs | | by Staff reporter
'Prices have dropped 19% in US$ terms but soared in RTGS$' says Ncube - scrap RTGS$ then, cowardly lion pulling his own tail
FINANCE Minister Mthuli Ncube says prices of basic goods in terms of RTGS$ were "grossly inflated" adding that Treasury calculations indicate prices were in fact going down. "Prices for b...Published: 23 Jun 2019 at 17:12hrs | | by Patrick Guramatunhu
Mangudya injects new bond notes
RESERVE Bank of Zimbabwe (RBZ) governor John Panonetsa Mangudya yesterday the Apex bank has injected new bond notes for tobacco growers which are matched by foreign currency earnings, FinX reports....Published: 10 May 2019 at 07:24hrs | 2 | by Ndou Paul
Mnangagwa's govt must get its act right on currency issue
IN Parliament this week, legislators from both the ruling Zanu PF party and main opposition MDC took turns to seek clarity on the country's currency from Justice minister Ziyambi Ziyambi. At the momen...Published: 10 May 2019 at 07:00hrs | | by Editorial - Newsday
Bulawayo council to hike rates by up to 42%
COUNCIL is mulling raising service charges for water, refuse collection and leases by up to 42 percent to help balance its books.This flies in the face of the MDC-run municipality's pledge to ...Published: 28 Mar 2019 at 07:51hrs | 1 | by Staff reporter
Pricing madness hits Victoria Falls
NZALA Milimo was born in Victoria Falls in 1974 and did her primary and secondary education at public schools in the resort town's ghetto townships.But unlike the thousands of well-heeled fore...Published: 17 Mar 2019 at 18:09hrs | 4 | by Staff reporter
Mthuli Ncube wages war against surging inflation
Zimbabwe's annual inflation has risen to a 10-year high since hyperinflation, but month-on-month prices are beginning to drop as monetary reforms aimed at combating inflation, addressing foreign curre...Published: 17 Mar 2019 at 18:08hrs | 2 | by Staff reporter
Mthuli Ncube speaks about adopting the rand by Zimbabwe
Zimbabwean finance minister Mthuli Ncube said the possibility of his country either adopting the SA rand as its main currency of trade - alongside its local unit, the RTGS dollar - or joining the rand...Published: 12 Mar 2019 at 17:01hrs | | by TimesLive
Mangudya's RBZ tenure coming to an end
AS the curtain comes down on Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's five-year term of office, speculation has been rife on whether he will be handed another contract or not.Ma...Published: 10 Mar 2019 at 09:05hrs | 2 | by Staff reporter
US$5 million traded on first day
Only five banks used the interbank foreign currency market on the first day of trade on Friday where at least US$5 million exchanged hands, it has been revealed.The Reserve Bank of Zimbabwe (R...Published: 24 Feb 2019 at 06:47hrs | 1 | by Staff reporter
Biti pays fine in 5 cent bond coins, retains Parliament seat
HARARE East MP Tendai Biti (MDC Alliance) on Tuesday survived losing his parliamentary seat after he was convicted by Harare magistrate, Gloria Takundwa and ordered to pay a $200 fine, which he paid i...Published: 20 Feb 2019 at 10:06hrs | 2 | by Staff reporter
'Will have local currency when economic fundamentals are right' - not right last 38 years and counting
One of the many reasons Zimbabwe is in this economic mess is the sheer incompetence of those running the nation's affairs. Our leaders have a knack for making a mountain out of a mole hill and thus en...Published: 17 Feb 2019 at 23:06hrs | 2 | by Patrick Guramatunhu
Why we need to be open to each other on the currency Mr Finance Minister
Zimbabwe in January 2009 adopted a basket of currencies as the official medium of exchange. Government business and transactions where done in United States dollars. Eventually the United States dolla...Published: 05 Dec 2018 at 07:43hrs | 2 | by Henry Madiro
The goverment must wake up and smell the coffee
It's so painful and sad for the citizens of zimbabwe. Zanu pf won 29 July harmonised election with a small margin and most of their votes came from the rural areas. Zanu pf campaigned vehemently...Published: 02 Dec 2018 at 10:04hrs | 2 | by Tolexy
Bond notes and Zimbabwe's currency debate
WHEN Reserve Bank of Zimbabwe governor John Mangudya announced in 2016 plans to issue bond notes, a currency he claimed had the same value as the US dollar, many were apprehensive.It was backe...Published: 30 Nov 2018 at 09:43hrs | | by Staff reporte
'Bond notes have been a success'
RESERVE Bank of Zimbabwe governor John Mangudya had a torrid time at the pre-budget seminar for legislators in Bulawayo last week when he was grilled over currency problems bedevilling the country....Published: 11 Nov 2018 at 12:26hrs | | by Staff reporter
Corruption is the main problem in Zimbabwe - Knight
Former ZBC radio Presenter Eric Knight has said corruption is the main vice that has gripped Zimbabwe which needs to be extricated."But seriously, in as much as the cash shortages problem is s...Published: 20 Sep 2018 at 06:50hrs | 4 | by Stephen Jakes
Traffic cop in court over $5
A 28-YEAR-OLD Mazowe traffic cop was arraigned before Concession resident magistrate Ruth Moyo yesterday for duping a motorbike rider of his $5 at a police roadblock for ridding without a driver's lic...Published: 18 Sep 2018 at 17:45hrs | 2 | by Simbarashe Sithole
'Zimbabwe polls were meant to start new era'
Emmerson Mnangagwa has been declared president of Zimbabwe amid protests and violence.But Zimbabweans are now in a post-political, economy-first mood.Before Zimbabwe's general election...Published: 18 Aug 2018 at 13:58hrs | 2 | by Staff reporter
Chamisa or Mnangagwa: It's the economy stupid
TOMORROW, standing in the small voting booth, with pen in hand, looking down at the 23 names of presidential aspirants on the ballot paper, there's little doubt the voter will be making a crucial deci...Published: 29 Jul 2018 at 10:25hrs | 3 | by Tartira Zwinoira
What an opportunity missed by Emmerson Mnangagwa
When the military occupied the streets of Harare and parked their tanks on every corner of the streets of Harare, the people of Zimbabwe celebrated in anticipation of a better Zimbabwe. The military, ...Published: 27 Jul 2018 at 16:24hrs | 2 | by Frazer Muzondo
Cash dealers slash exchange rate
CASH dealers are selling bond notes at a premium rate of 22% to buyers using EcoCash in the high-density Harare suburb of Mbare, which is the lowest rate on offer thus far.In a snap survey con...Published: 23 Jul 2018 at 07:01hrs | | by Staff reporter
RBZ bemoans social media abuse
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has bemoaned the abuse of social media by other members of the society, saying the practice had cost the nation socially, financially and economic...Published: 23 Jul 2018 at 06:55hrs | | by Staff reporter
It’s the economy, stupid!
Three weeks to the elections and the only thing that is clear is that Zanu PF still has no idea how to turn around the economy. The state media reports that billions of dollars of investments are pour...Published: 09 Jul 2018 at 23:31hrs | | by Zimbabwe Vigil Diary
Cash shortages now Zimbabwe's major election issue
The leader of Zimbabwe main opposition party, Nelson Chamisa, alighted from his car, grabbed a microphone and made a bold promise to scrap bond notes if he wins the July 30 presidential election to st...Published: 24 Jun 2018 at 16:27hrs | | by Staff reporter
Why Zimbabweans should not vote for ED Mnangagwa
Zimbabweans have suffered a lot for the past 38 years with nothing tangible to show. Some say it was all because of Robert Mugabe while feeling sorry or empathising with ED Mnangagwa. I have no good w...Published: 14 Jun 2018 at 10:19hrs | 4 | by Tendai Mazenge
Bulawayo to host CEO Africa Roundtable indaba
MORE than 50 business executives from companies in Bulawayo will tomorrow converge in the city for a roundtable meeting to discuss financial market distortions and prospects of currency reform....Published: 14 Jun 2018 at 07:31hrs | | by Staff reporter
Mnangagwa headache over moneychangers
Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice.This comes as th...Published: 07 Jun 2018 at 15:13hrs | | by Staff reporter
Mnangagwa claims Zimbabwe economy is recovering
President Emmerson Mnangagwa's, spokesperson, George Charamba, has claimed that the economy is recovering, suggesting the ongoing cash and fuel shortages were symptoms of an upsurge in purchasing powe...Published: 02 Jun 2018 at 15:57hrs | 1 | by Staff reporter
Mangudya is not learning
Real reason why there is USD shortage in the market and how it can be fixed.It's always sad to see people mess up the country, It's even worse when you know how it could be done right. Dr Mang...Published: 28 May 2018 at 15:58hrs | | by Simplisio Muvunde
Mangudya Is Not Learn: Real reason why there is USD shortage in the market and how it can be fixed
It's always sad to see people mess up the country, It's even worse when you know how it could be done right. Dr Mangudya broke an economics law by introducing the bond notes the law he broke is called...Published: 27 May 2018 at 08:57hrs | | by Simplisio Muvunde
Police bust criminal syndicates
The Zimbabwe Republic Police (ZRP) has arrested more than 20 criminals, including armed robbers and recovered 58 vehicles, most of which were used to commit armed robberies countrywide.The sus...Published: 12 May 2018 at 13:25hrs | 3 | by Staff reporter
Mnangagwa slow in tackling education issues
The Progressive Teacher's Union of Zimbabwe (PTUZ) has slammed President Emmerson Mnangagwa's administration for failing to address sticking issues affecting the education sector.PTUZ secretar...Published: 16 Mar 2018 at 06:08hrs | | by Staff reporter
Zimbabwe ATMs gather dust
THE severe cash shortage brought about by a debilitating liquidity crunch has severely reduced the use of automated teller machines (ATMs).An ATM is an electronic telecommunications device tha...Published: 09 Mar 2018 at 12:30hrs | 5 | by Staff reporter
Zimbabwe still crazy after 103 days of regime change
Life in Zimbabwe hasn't changed much since Bob Mugabe reluctantly resigned, one arm twisted behind his back and forced to face the writing on the wall. President Emmerson Mnangagwa, whose bloodless mi...Published: 07 Mar 2018 at 08:17hrs | 3 | by Cathy Buckle*
Bond notes to stay
GOVERNMENT has no plans to phase out bond notes until economic fundamentals are appropriate for the transition from the use of multiple currency, Finance and Economic Planning Minister Patrick Chinama...Published: 18 Jan 2018 at 07:37hrs | | by Staff reporter
Zimbabwe to phase out 'untenable' bond notes?
There is consensus in Government that bond notes have largely served their purpose and are "not tenable" within the context of Zimbabwe's new economic growth trajectory.Finance and Economic Pl...Published: 14 Jan 2018 at 07:49hrs | 3 | by Staff Reporter
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