Bulawayo24 News - Skyes! "it makes perfect sense"

Zimbabwe government defies calls to abandon Zimdollar as it continues to lose value

Inflation in Zimbabwe is currently at 75%, and is expected to rise even higher in the coming months. This is due in part to the government's decision to print more money in an attempt to finance its budget deficit.The Zimdollar has also be…

Published: 19 May 2023 at 08:41hrs | 21 | by Staff Reporter

10 Implications of de-dollarization and introduction of the Zim dollar

Wheels have finally come off as government has been cornered and forced to involuntarily de-dollarize without a plan.When government introduced bond notes we warned that the surrogate currency was bad money that was going to chase good mon…

Published: 24 Jun 2019 at 21:01hrs | | by Tapiwa Mashakada and Miriam Mushayi

The Hard Truth About The Fuel Price Increase

Sometimes the truth hurts. And in this case, it really hurts. The price increases were both necessary and proportional.  The economy needs them. The country needs them.  However there has been much media coverage about Zimbabwe h…

Published: 17 Jan 2019 at 09:58hrs | 2 | by Faith Hope

Bond notes have brought misery and suffering

Dear Government, We cant progress if we dont accept reality and correct our shortcomings! It's a fact that bond notes have brought more problems to our sick economy. The bond note prescription is adding more poison to the sick economy and …

Published: 10 Dec 2018 at 13:07hrs | | by Munya Shumba

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 dollar became the official currency. The bud…

Published: 05 Dec 2018 at 07:43hrs | 2 | by Henry Madiro

How bond notes remind me of street scams

Plot Mhako grew up on the mean streets of Glen-Norah and Glen-View and is familiar with a street scam or two. He makes a compelling analysis of bond notes - Zimbabwe's surrogate currency.This is my ghetto mind trying to understand what hap…

Published: 04 Nov 2018 at 10:10hrs | 2 | by Plot Mhako

You shall not crucify Zimbabwe on a cross of bond notes

RECENT dramatic events arising from allegations that certain officials of the Reserve Bank of Zimbabwe (RBZ) have been involved in currency malfeasance using the bond note as their lever to execute transactions that prejudiced the people o…

Published: 03 Nov 2018 at 08:08hrs | 10 | by Colls Ndlovu

Cimas accepting RTGS, FCAs

One of the country's leading medical aid societies, Cimas, said its members should continue to pay their contributions through payment modes made available to them by the regulatory authorities.This comes as other societies and health fund…

Published: 13 Oct 2018 at 14:07hrs | 1 | by Staff reporter

Did government buy bond notes at +400% discount to reduce exposure?

There is speculation that the Mnangagwa led government deliberately fuelled Zimbabwe's sky-high parallel market rates to mop out bond notes at a cheaper price compared to the 1:1 to the US dollars.Uncertainty hangs over the future of bond …

Published: 12 Oct 2018 at 19:25hrs | 1 | by Ndoro Tafadzwa

Mnangagwa to do a Narendra Modi on Zimbabwe black market?

There are whispers the President Emmerson Mnangagwa will come hard on the black market with some saying he will do what Indian Prime Minister Narendra Modi did in India in 2016. The secrecy with which this demonetisation scheme was planned…

Published: 11 Oct 2018 at 18:17hrs | 8 | by Ndoro Tafadzwa

Bond notes vs US Dollar simple explanation in isiNdebele

Nxa lingabuzwa ngabasemakhaya ngezenzakalo zemali libachasisele ngalindlela ukuthi bazwisise:Uhulumende wabuya lamadonki akhe wahlanganisa lenkomo zenu amaBrahma wathi yena kuyafana 1 ka1, ngenxa yokuthi konke ungabophela enqoleni njalo ko…

Published: 05 Oct 2018 at 09:50hrs | 2 | by Social media

Illegal cash traders in Zimbabwe - An economic analysis with Tryson Dube

In this crippled economy of Zimbabwe that is barely surviving. 'A lot' of people depend on the informal sector. Many of these people are living with income below the poverty datum line; 'plastic money' cannot be the only solution to the mo…

Published: 20 Dec 2017 at 05:42hrs | | by Tryson G. Dube

'Fantasy world in Zimbabwe'

A Vigil emissary just returned from a clandestine visit home reports finding a fantasy world in Zimbabwe where the government pretends that all is well while sending agents to scour the streets to buy up the remaining dollars.It's not so m…

Published: 30 Oct 2017 at 06:27hrs | | by ZimVigil

DStv Zimbabwe should accept part payment in bond notes

Multichoice Zimbabwe should accept part payment in bond notes, WRITES Leonard Sengere in TechZim.Multichoice is a South African video company and internet company which grew out of M-Net, both of them being owned by Naspers. Multichoice is…

Published: 28 Sep 2017 at 08:17hrs | 2 | by Leonard Sengere

Are the $Bond notes chasing the $USD

As old as about 5 centuries, the Gresham's Law remains a fact. When two or more kinds of money of unequal exchange value are in concurrent circulation, each being available for payments, the other one with inferior value tends to drive the…

Published: 14 Jun 2017 at 16:23hrs | | by Tryson G. Dube

Bond notes need fresh impetus?

Howdy folks!Have you noticed how there is a thriving market for currencies in the streets out there?If you throw a stone at areas around Harare's Roadport, it will hit a money-changer! Well, in fact, you might actually hit two money-change…

Published: 09 Apr 2017 at 08:16hrs | | by Clemence Machadu

Forex shortage threatens Zimbabwe's bond, dollar parity

The shortage of foreign currency is threatening the parity between the United States dollar and the Zimbabwean bond note and there are fears the shortage could resurrect the US$ black market as companies battle to stay afloat, analysts hav…

Published: 05 Feb 2017 at 07:59hrs | | by Ndamu sandu

Zimbabwe's bond notes project collapsing

That sooner or later Reserve Bank of Zimbabwe chief John Mangudya's bond notes project would run into problems was a foregone conclusion.The bond notes, which were touted as the panacea to Zimbabwe's cash problems, have so far proven to be…

Published: 27 Jan 2017 at 12:13hrs | | by The Zimbabwe Independent Comment

Why EcoCash will be banned in 2017

This week, I will be giving you an update on how Zimbabweans are responding to bond notes. In particular, my view that EcoCash in its current form will not exist by the end of 2017.1. A friend has noticed that in his shop, customers have s…

Published: 08 Jan 2017 at 13:48hrs | | by Shariffah Pateya (Khuluma Afrika)

Bond notes now out but...

Policy formulation is followed by policy implementation and finally policy review. The cycle continues again and again. RBZ did a good job to introduce bond notes as an export incentive and to ease the cash shortages in the economy. Now, b…

Published: 28 Dec 2016 at 20:55hrs | | by Joe Bloggs

Why bond notes can't save Zimbabwe, and what ordinary citizens can do -

The government of Zimbabwe is again trying to pull a fast one on its citizens. The Zimbabwe dollar was abandoned in 2009 after the government ran the printing presses so wildly that the national currency became worthless.The country then a…

Published: 13 Dec 2016 at 16:17hrs | | by Tendai Biti and Todd Moss

Accept bond notes at your own risk

To fellow ZimbabweansIt is sad and painful to see Zimbabwe's economy being destructed to 0.001percent by Zanu government.Introduction of bond notes is a strategy introduced by the cruel regime called Zanu.It is a blasphemy to go on telling…

Published: 12 Dec 2016 at 11:42hrs | 2 | by Sikhumbuzo Moyo

Did you know? #bankchargesmustfall

It costs $3 to withdraw the daily (bond note) limit of $25 in bond notes from Stanbic bank.The USD daily ATM withdrawal limit has been reduced to $50 from $100. This costs $2.50.It costs  $5.50 to withdraw the full daily limit of $75,…

Published: 12 Dec 2016 at 11:36hrs | 1 | by Edmund Eddy Madzonganyika

Zim Economy Is in the Emergency Room, We Need Long Term Measures

Zimbabwe is on the verge of collapsing economically as we speak our economy is in the intensive care unit. We need to put our heads together as a nation and bring solutions to the fragile economy. There are a number of factors which needs …

Published: 07 Dec 2016 at 21:14hrs | | by Wezhira Sam

Of bond notes and media deception

Nothing could be more pig-sickening than a packet of lies in black and white. It could be easier to forgive if it is taken as reckless abandon to detail by the writer, but becomes atrocious when it is a sustained agenda to frame reality in…

Published: 01 Dec 2016 at 13:17hrs | 3 | by Rungano Dzikira

The bond notes will fail in the same way the Zimdollar

.....and the bearers' cheque failed The Zimbabwe dollar that was inherited from the Rhodesian government in 1980 with the exchange rate of one to one with the US dollar collapsed in 2009. The Rhodesian government used the dollar for the re…

Published: 29 Nov 2016 at 21:13hrs | | by Themba Mthethwa

Zimbabwe braces for the worst as bond notes introduced

Zimbabwe's cash-starved economy needs a quick fix, and the government has come up with a solution: bond notes. Due to be introduced on Monday, the new legal tender is supposed to solve the liquidity crisis. But Zimbabweans are nervous, and…

Published: 28 Nov 2016 at 10:12hrs | 3 | by Simon Allison

The final nail in Zimbabwe's coffin

Despite the government's last-minute hesitation, the Reserve Bank has announced that it is to release its monopoly money on Monday - widely seen as the final nail in the coffin of the Zimbabwean economy.Human rights lawyer Irene Petras sai…

Published: 27 Nov 2016 at 16:34hrs | | by ZimVigil

Bond notes: When mere depositors debate

An interview Donald Trump is alleged to have had with People Magazine in 1998 quoted him as saying: "If I were to run [for US presidency], I'd run as a Republican. They're the dumbest group of voters in the country. They believe anything o…

Published: 26 Nov 2016 at 15:49hrs | 1 | by Nathaniel Manheru

The reality about bond papers coming in notes!

The Reserve Bank of Zimbabwe say 'Bond notes are not a surrogate Zimbabwe Dollar for they are not currency but a financial instrument issued at par with the US$. Bond notes will operate in the same manner as bond coins have been operating'…

Published: 14 Nov 2016 at 16:18hrs | | by Munya Mugari

Man bashed over bond notes

[11:00, 11/9/2016] â€ª+263 7* *** ****â€¬: A heated debate erupted after somebody gave his own views about the implications behind the introduction of bond notes until a fight began[11:02, 11/9/2016] Byo24NewsðŸ¿: When was this?[12:16, 11…

Published: 09 Nov 2016 at 10:45hrs | 10 | by Concerned Citizen

Mugabe's bond notes law: A legal analysis

On October 31 2016, President Robert Mugabe gazetted Statutory Instrument 133 of 2016, which provides a legal framework for the introduction of bond notes as acceptable legal tender in Zimbabwe. SI 133 of 2016, Presidential Powers (Tempora…

Published: 06 Nov 2016 at 07:56hrs | 1 | by Obert Gutu i

Mugabe launches bond notes financial Armageddon - PDP

President Robert Mugabe has set in motion a financial Armageddon with bond notes, People's Democratic Party has said.Mugabe gazetted Statutory Instrument 133 of 2016, which provides a legal framework for the introduction of bond notes as a…

Published: 01 Nov 2016 at 17:24hrs | 16 | by Mary Charamba

Will Mugabe come to the rescue?

TWO things that are sure about death are its certainty and finality. Reference is being made to death in the physical sense, not the spiritual side of things.Because of this, many human beings are scared to death about death, even though t…

Published: 27 Oct 2016 at 09:31hrs | 1 | by Cyril Zenda

Bond Notes: Our refusal to learn from history

The study of history has a moral purpose, so we are told. It is believed that studying history can create better citizens in a free society. At least this is the shared belief among authors of history books. I am sure the government of Zim…

Published: 10 Oct 2016 at 16:40hrs | 7 | by Whitlaw Mugwiji

Being optimistic with bond notes

The government's plans to introduce bond notes in October this year has been under much criticism and attack from the general public but it is also wise to analyse the other positive side of this policy in order to fully explore and unders…

Published: 14 Aug 2016 at 07:56hrs | | by Blessing Machiva

Exposing the veil of ignorance behind Bond Notes

The government has in the past weeks announced its plans to introduce bond notes to ease cash shortages and to prevent externalization. The bonds will be underwritten by a US$200 million loan from Cairo-based lender, the Africa Export-Impo…

Published: 10 Aug 2016 at 08:59hrs | 4 | by Blessing Machiva

Mujuru offside on bond notes

Dr Norman Vincent Peal was correct when he quipped; "the person who sends out positive thoughts activates the world around him positively and draws back to himself positive results". Zimbabwe has been facing a liquidity crunch for a long t…

Published: 05 Aug 2016 at 06:54hrs | 2 | by Chadzimura Mhute

Mujuru offside on bond notes

Dr Norman Vincent Peal was correct when he quipped; "the person who sends out positive thoughts activates the world around him positively and draws back to himself positive results".Zimbabwe has been facing liquidity crunch for a long time…

Published: 03 Aug 2016 at 09:10hrs | | by Chadzimura Mhute

Bond note introduction to ease cash shortages

THE planned introduction of bond notes, expected before the end of the year, will improve business transactions and help ease cash shortages Zimbabwe is currently facing, a new survey has shown.But economists and corporate players were qui…

Published: 11 Jul 2016 at 06:55hrs | | by Conrad Mwanawashe

It's not bond notes, but bank charges

ZIMBABWE's banking sector this week came under withering attack for very old sins which financial institutions have benefited from with near absolute impunity while insulating themselves from critical public scrutiny by playing political v…

Published: 03 Jun 2016 at 06:32hrs | | by Joram Nyathi

New Zimbabwean bond notes are similar to loan sharks

It is painful and it is unfortunate to all Zimbabweans to go back to stateless states whereby by money has got no characteristics. "money is used as a medium of exchange'money is loved by people, it used as a measurement of value, it is us…

Published: 24 May 2016 at 06:45hrs | | by Sikhumbuzo Moyo

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