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Professor Mugano's meeting with RBZ Governor raises eyebrows
Outspoken economist and long-time government critic Professor Gift Mugano has surprised many after expressing praise for the Reserve Bank of Zimbabwe (RBZ) and its team following a meeting with the ce...Published: 24 Jul 2025 at 15:31hrs | 1823 | by Staff reporter
Zimbabwe shops impose limits amid panic-buying?
Some shops across Zimbabwe have imposed "one item per person" rules for products such as milk to fend off panic-buying triggered by a new loss of faith in the country's latest currency.Last we...Published: 02 Oct 2024 at 07:57hrs | 1191 | by Staff reporter
Zimbabwe needs political change, not currency change
ZIMBABWE NEEDS POLITICAL CHANGE NOT A CURRENCY CHANGE.... A currency is a bundle of trust and confidence. A currency is not a currency without confidence and value. Money represents a collecti...Published: 07 Apr 2024 at 11:02hrs | 20 | by Nelson Chamisa
Zimbabwe's new currency chaos
ZIMBABWEAN consumers were yesterday left stranded after businesses suspended trading using the Zimbabwe dollar following the introduction of a new currency on Friday.Reserve Bank of Zimbabwe (...Published: 07 Apr 2024 at 10:35hrs | 6 | by Staff reporter
Anti-Zimbabwe economist says ZiG is old wine in new bottles
Prominent Zimbabwean economist and financial analyst Professor Gift Mugano says the new local currency launched today - unimaginatively named Zimbabwe Gold (ZiG) amid noisy claims by government offici...Published: 06 Apr 2024 at 13:20hrs | 1 | by Staff reporter
Zimbabwe central bank summons Bank CEOs
The Reserve Bank of Zimbabwe (RBZ) has summoned chief executives of key financial institutions, specifically banks, for a meeting tomorrow morning ahead of the much-anticipated launch of a new currenc...Published: 04 Apr 2024 at 10:29hrs | 2 | by Staff reporter
Govt critic slams introduction of Zimbabwe's new 'structured currency'
Prominent economist Gift Mugano has dismissed the government's proposed introduction of a "structured currency" as merely a repetition of past unsuccessful endeavors. This move is seen as the latest e...Published: 03 Apr 2024 at 08:53hrs | 4 | by Staff reporter
'CCC to dump Zimdollar'
NELSON Chamisa's Citizens Coalition for Change (CCC) says it will promptly, albeit temporarily, dump the Zimbabwe dollar for the United States dollar if elected as the new government.Speaking ...Published: 22 Aug 2023 at 06:27hrs | 2 | by Stafff reporter
Mnangagwa cannot win any leadership position in a fair and open political process
Ex-cabinet minister Saviour Kasukuwere has written the following open letter to Zimbabweans as he prepares to return home for a run to be president:My Dear Comrades and Countrymen,I hu...Published: 19 Jun 2023 at 18:13hrs | 16 | by Saviour Kasukuwere
RBZ boss speaks on looming exit
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says his top priorities are to leave behind a sound financial system, strong central bank, and stable prices as his two terms come to an end....Published: 16 Apr 2023 at 08:32hrs | 1 | by Staff reporter
Mnangagwa preside over Zimbabwe implosion
WHILE President Emmerson Mnangagwa claimed that the majority of his ministers were doing well - with three outstanding and two being a dismal failure - the reality on the ground is different: Zimbabwe...Published: 20 Mar 2023 at 15:05hrs | 1 | by Staff reporter
Mukanya's open letter to Mnangagwa
DEAR President MnangagwaMy name is Thomas "Mukanya" Mapfumo the Chimurenga Music King. I am writing to you at this desperate hour to give you my free point of advice about the conditions in Zi...Published: 25 Nov 2022 at 05:11hrs | 8 | by Doctor Thomas Mapfumo
Zambia's Hichilema outshines Zimbabwe's Mnangagwa?
SINCE Zambian President Hakainde Hichilema came assumed power last year, he has achieved key performance indicators, especially on the exchange rate an indication of strong leadership and that people ...Published: 04 Sep 2022 at 15:16hrs | 3 | by Staff reporter
Monetary policy inconsistency sinking economy
On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state ...Published: 08 Jun 2022 at 07:19hrs | 4 | by Victor Bhoroma
Temba Mliswa calls for return of the US Dollar
Norton Member of Parliament Temba Mliswa says the introduction of the United States Dollar as a single currency is the best salvation to the revival of Zimbabwe's economy. In a Twitter thread ...Published: 26 Apr 2022 at 10:24hrs | 6 | by Mandla Ndlovu
Govt must implement economic reforms
IN 2017, Finance and Economic Development minister Mthuli Ncube, Reserve Bank of Zimbabwe governor John Mangudya and the Zanu-PF government lied to the people, saying the bond note was at par with the...Published: 21 Mar 2022 at 06:39hrs | 1 | by Staff reporter
ZCTU will lobby for US dollar salaries
FLORENCE TARUVINGA (FT), broke the glass ceiling when she was elected Zimbabwe Congress of Trade Unions (ZCTU) president in October, beating Peter Mutasa after polling 73 votes to his 59, thereby beco...Published: 04 Mar 2022 at 06:35hrs | | by Staff reporter
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 2 | by Staff reporter
New ZW$50 note well overdue?
The Reserve Bank of Zimbabwe (RBZ) recently introduced ZW$360 million worth of a new ZW$50 dollar note into the market, having taken regard of inflation and the need for convenience. The new note is w...Published: 08 Aug 2021 at 16:06hrs | | by Vince Musewe
CABS taken to court over currency conversion
ARCHITECTURAL firm Stone/Beattie Studio has filed a High Court application seeking to recover US$142 000 from Central Africa Building Society (CABS) that was converted to the equivalent local unit fol...Published: 23 Jul 2021 at 08:58hrs | 3 | by Staff reporter
Govt hunts mentally challenged teachers
GOVERNMENT has begun compiling names of teachers suffering from depression and other mental health conditions in a clear admission that the country's socio-economic challenges are taking a toll on edu...Published: 19 Jun 2021 at 15:04hrs | 4 | by Staff reporter
Pfumvudza, bond notes: Mnangagwa's saviour
THE gigantic lake TugwiMukosi is spilling. This is a rare phenomenon for a water body so big to spill less than four years after commissioning.It holds a promise that is too big to hide or ign...Published: 20 Feb 2021 at 08:55hrs | 2 | by Paidamoyo Muzulu
Judge 'punished' over judgement invalidating USD to RTGS conversion
Zimbabwean judge Happias Zhou was blocked from sitting on an international legal panel as punishment over a judgement which invalidated the 2018 conversion of United States dollar balances to RTGS ord...Published: 15 Dec 2020 at 15:37hrs | | by Staff reporter
Depositors and pensioners to be compensated for exchange losses, says Mthuli Ncube
Depositors with small bank balances and pensioners whose savings were wiped out by currency changes last year will be compensated from a US$150 million fund, finance minister Mthuli Ncube said on Thur...Published: 27 Nov 2020 at 07:56hrs | | by Staff reporter
Chiwenga accused of using command tactics
NURSES have confronted Vice President Constantino Chiwenga, who doubles as Health minister over his decision to reverse their working hours.Early this year nurses reached an agreement with the...Published: 26 Oct 2020 at 06:52hrs | 11 | by Staff reporter
Underate Nero and Zimbabweans at your own risk, revolution now unavoidable
It is so sad that millions of innocent Zimbabweans continue to wallop in poverty at the expense of an un repentant, brutal, selfish, and ungodly system in the name of Zanu Pf plus a mercenary bunch of...Published: 05 Oct 2020 at 08:23hrs | 2 | by Knowledge Hakata
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | 6 | by Victor Bhoroma
Teachers arrested for 'pay-day protest' charged with public nuisance
POLICE on Friday brutally crushed a wild-cat protest by the Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) members who wanted to picket at the Ministry of Finance in protest over the poor salari...Published: 24 Aug 2019 at 09:06hrs | 5 | by newzimbabwe
Mthuli Ncube's budget gets Parliament's thumbs up
FINANCE Minister Professor Mthuli Ncube's Finance Bill and $10,62 billion Supplementary Budget as well as measures proposed in the mid-term budget to boost production and revenue inflows sailed past t...Published: 16 Aug 2019 at 00:00hrs | | by Staff reporter
Policy inconsistency hurting economy
The Reserve Bank of Zimbabwe (RBZ) reintroduced the Zimbabwean Dollar and outlawed the use of multicurrencies on the local market on the 24th of June 2019, despite widespread concerns on burning the m...Published: 05 Aug 2019 at 09:12hrs | 1 | by Victor Bhoroma
'Economy in good stead for growth'
The reforms that have been instituted by Government since September last year to restore sound macro-economic fundamentals have placed the economy on a firm foundation to support sustainable recovery,...Published: 04 Aug 2019 at 10:04hrs | 2 | by STaff reporter
Mthuli Ncube confirms new grand fiscal heist
FINANCE minister Mthuli Ncube yesterday unwittingly confirmed government committed a grand US$7 billion fiscal heist - by design or accident - when it banned without warning the multi-currency system ...Published: 02 Aug 2019 at 15:17hrs | 1 | by Staff reporter
Mthuli Ncube: King of the Last Minute
On February 22, 2019, President Emmerson Mnangagwa issued the Presidential Powers (Temporary Measures) (Amendment of Reserve Bank of Zimbabwe Act and Issue of Real Time Gross Settlement Electronic Dol...Published: 02 Aug 2019 at 08:07hrs | 5 | by Mike Murenzvi
Chamisa to give Mnangagwa a farm & women if he resigned & leave him to run Zimbabwe
IN a bizarre off-the-cuff speech yesterday at St Luke's, Lupane, MDC-Alliance president Mr Nelson Chamisa said he would give President Mnangagwa a farm, women and whisky if he resigned and left him to...Published: 28 Jul 2019 at 10:03hrs | 1 | by Staff reporter
Zimdollar return: Beware the cobra effect
Last month, the government took all and sundry by surprise when it banned the use of multi-currencies in all local transactions and reintroduced the Zimdollar; abandoned due hyperinflation in 2009....Published: 24 Jul 2019 at 08:24hrs | 2 | by Cliff Chiduku
Telecomms a new loss making business in Zimbabwe?
Zimbabwe mobile network operators have seen revenue decline and reporting break evens, in this highly inflationary environment. If this persists at this rate, they will be soon reporting loses as the ...Published: 18 Jul 2019 at 08:04hrs | 2 | by Staff reporter
How to speak Zimbabwean
Very often, you hear the words "resilient" and "innovative" attached to Zimbabwean people. But what most outsiders don't know is that to be Zimbabwean, one must speak a language only known to the coun...Published: 12 Jul 2019 at 19:55hrs | 1 | by Chazz Cummings
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | 1 | by Staff reporter
'Multi-currency stifled Zimbabwe economic growth'
THE use of the multi-currency system since 2009 stifled growth as the country could not utilise monetary instruments to stimulate economic activity, Finance and Economic Development Minister, Prof Mth...Published: 08 Jul 2019 at 07:57hrs | 1 | by Staff reporter
Zimbabwe - Where did that come from?
Statutory Instrument 142 - Monday June 24, 2019 will go down as one of those days you remember.I have just read the Zimbabwe Independent for this week, it was all about the "return of the Zimb...Published: 02 Jul 2019 at 08:27hrs | | by Eddie Cross
Mthuli Ncube's quotes on currency reforms . . .
"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...Published: 01 Jul 2019 at 08:13hrs | 2 | by Lisa Tazviinga
Currency reforms restore country's sovereign dignity
The Transitional Stabilisation Programme (TSP) has laid the foundation for fiscal consolidation at the same time generating sustainable budget methods. So far, the implementation of the TSP ha...Published: 30 Jun 2019 at 09:03hrs | 3 | by Richard Mahomva
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
Tajamuka gives Mnangagwa 7 day ultimatum
FIREBRAND pressure group Tajamuka/Sesijikile has given President Emmerson Mnangagwa a seven-day ultimatum to fix the current crippling financial crisis short of which they will call for a national shu...Published: 26 Jun 2019 at 07:22hrs | 1 | by newzimbabwe
Mnangagwa claims that 'Country has returned to normalcy'
PRESIDENT Mnangagwa yesterday said the removal of the multi-currency regime marks the country's return to normalcy while assuring Zimbabweans that the Bond note will not be decommissioned. Fin...Published: 26 Jun 2019 at 07:03hrs | 1 | by Staff reporter
ZCTU promises shutdown over US Dollar banning
The Zimbabwe Congress of Trade Unions has rubbished statutory instrument 142/19 and warned that workers are ready to engage in mass action if the government doesn't reverse the decision to ban t...Published: 25 Jun 2019 at 19:40hrs | 2 | by Mandla Ndlovu
The civil servants problem
All along I have been thinking that cevil servants understand and know how to deal with their problem. No they don't. Cevil servants don't need a bond note salary increment because it becomes the caus...Published: 24 Jun 2019 at 11:24hrs | 2 | by Clemen Moyo
Prices of basic goods going down, says Mthuli Ncube
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.But Confederation o...Published: 23 Jun 2019 at 17:39hrs | | by NewZimbabwe.com
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | 2 | by Victor Bhoroma
SA set tough conditions for Zimbabwe to join Rand Monetary Union
PRESIDENT Emmerson Mnangagwa has revealed that neighbouring South Africa imposed "unacceptable" conditions for Zimbabwe to join the Rand Monetary Union.In a live interview with a State control...Published: 15 Jun 2019 at 09:45hrs | 2 | by Staff reporter
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