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The Zimbabwe currency crisis as seen from abroad!
AS we go to press, US financial news media has become aware of the Zimbabwe financial crisis.Bloomberg news agency and the Financial Times have reported authoritatively on the events surroundi...Published: 07 Apr 2024 at 10:25hrs | 7 | by Kenneth Mafuka
Kombis fares now range between $600 and $1 000 for a single trip
COMMUTER omnibus operators in Bulawayo have increased fares in local currency.The new fares range between $600 and $1 000 for a single trip, depending on the time one boards the vehicles and t...Published: 08 Apr 2023 at 10:19hrs | 1 | by Staff reporter
Local currency comeback most welcome
The madness seems relentless across all platforms.One school of thought is that sooner than later, the RTGS rate to the US dollar will reach its full elasticity, beyond which it will not...Published: 05 May 2019 at 09:42hrs | 1 | by Garikai Mazara
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | | by Eddie Cross
New law on illegal currency trading welcome
WE welcome President Emmerson Mnangagwa's decision to use temporary powers for a new law that will see illegal currency traders being sentenced to up to 10 years in jail, while ill-gotten wealth will ...Published: 12 Nov 2018 at 05:23hrs | | by Staff reporter
Change of currency not ideal to revive Zimbabwe economy
THE country's economic crisis has deepened since the recent fiscal and monetary measures announced by Finance minister Mthuli Ncube and Reserve Bank governor John Mangudya. The economy has plu...Published: 19 Oct 2018 at 08:41hrs | | by Staff reporter
Obert Mpofu speaks about Chamisa, Mnangagwa dialogue
The economic meltdown triggered by monetary and fiscal reforms that were recently unveiled by the government exposed teething problems in the ruling party's newly created structure led by former minis...Published: 14 Oct 2018 at 09:54hrs | | by Staff reporter
From cash hoarders to panic buyers
On Monday, most Zimbabweans woke up to a WhatsApp message which read, "Buy basic commodities and keep them. The USD/bond rate is escalating at an alarming rate and the USD has disappeared. There...Published: 13 Oct 2018 at 07:07hrs | 1 | by Samantha Chipoyera
Joram Gumbo refuses to resign
Energy and Power Development minister Joram Gumbo has stuck to his guns, declaring that he will not resign despite pressure from stakeholders peeved by the worsening fuel situation.This follow...Published: 10 Oct 2018 at 15:55hrs | | by Staff reporter
Bond rate to $ exchange rate to be maintained at 1 to 1 to protect people's saving
Further to the various measures that Government is putting in to accelerate economic reforms that are necessary to right sizing the economy, it is critical to restate Government's great commitment to ...Published: 10 Oct 2018 at 10:02hrs | 2 | by Hon. Prof. Mthuli Ncube
Chamisa says bond note must go
MDC president Nelson Chamisa has called for the urgent removal of the bond note, saying the surrogate currency has worsened the economic crisis gripping the country.In a recent tweet, the MDC ...Published: 01 Oct 2018 at 18:05hrs | | by Staff reporter
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