Bulawayo24 News - Skyes! "it makes perfect sense"

Zimbabweans are distraught by financial trauma

GOOD day, President Emmerson Mnangagwa.Your Excellency, as I see it, Zimbabweans are emotionally drained. They are overwhelmed by the severity of deprivation caused by the collapse of currencies. Verily, citizenry are distraught by financi…

Published: 22 May 2024 at 08:52hrs | | by Cyprian Muketiwa Ndawana

We need restoration of economic confidence not new currency

ActionAid Zimbabwe stands firm in its commitment to the economic well-being of Zimbabweans.We have closely monitored the recent announcement regarding the introduction of the new structured currency called Zimbabwe Gold (ZiG) with deep con…

Published: 07 Apr 2024 at 09:28hrs | | by ActionAid Zimbabwe

It's time for a new Zimbabwe currency

ZIMBABWE'S official month-on-month inflation  figure for May was reported at 75,4%  (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for the same month were 175%. Since the statutory …

Published: 08 Jul 2023 at 08:57hrs | | by Kevin Tutani

Currency instability, corruption are pointers to a failed State

AS pressure mounts on the ruling Zanu-PF party to deliver on its 2018 election promises, its support base is waning by the day.Millions of Zimbabweans around the country have lost faith in the President Emmerson Mnangagwa-led government an…

Published: 28 Sep 2021 at 05:31hrs | | by Simbisai Ranga

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 worth about US60 cents using the officia…

Published: 08 Aug 2021 at 15:06hrs | | by Vince Musewe

The soft peg and local economic stability

Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. It was noted at that time that the auth…

Published: 08 Jan 2021 at 20:58hrs | | by Victor Bhoroma

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 has been aimed at recuperating an economy which h…

Published: 30 Jun 2019 at 08:03hrs | | by Richard Mahomva

Here we go again

Mnangagwa has made clear that Zimbabwe will have its own currency again by the end of the year. Economist and former senior MDC MP Eddie Cross says it will be the strongest currency in the region. The Vigil respectfully disagrees.We bottom…

Published: 16 Jun 2019 at 18:04hrs | | by Zimbabwe Vigil Diary

Zimbabwe's endless currency circus and cycle

When it comes to currency management in Zimbabwe there is always dÃ©jÃ vu which is a result of repeated fallible prescriptions. It's a circus where the actors enjoy their never-ending play with the audience relegated to idle agents in the…

Published: 14 Jun 2019 at 10:46hrs | | by Ngonidzaishe Makaha and Adrian Mapiye

Mnangagwa's govt re-ignites currency debate

PRESIDENT Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectively re-ignited the emotive issue. This em…

Published: 14 Jun 2019 at 07:25hrs | | by Brett Chulu

Re-igniting debate on a sovereign currency

Whilst a single sovereign currency regime might be the way to go, own currency may not deliver desired results if we do not address what is currently weighing down our pseudo-currency (RTGS$) - the struggling and inefficient interbank mark…

Published: 14 Jun 2019 at 07:21hrs | | by Persistence Gwanyanya

Zimbabwe is not ready for a new currency

Zimbabwe Economic Freedom Fighters ("ZIM EFF") have noted with great concern, the recent commentary by President Emmerson Mnangagwa and his Minister of Finance regarding plans to introduce a NEW Zimbabwean Currency before the end of the ye…

Published: 11 Jun 2019 at 08:25hrs | | by Innocent Ndibali

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 advance.The reasoning being that when it reach…

Published: 05 May 2019 at 08:42hrs | | by Garikai Mazara

The day Mthuli Ncube was misquoted

Mthuli Ncube did not say new currency in 12 months.No, the Minister said no such thing. His interview is available on the Bloomberg website titled "Zimbabwe Plans to Introduce Currency â€˜In Next 12 Months': FM Ncube". Before playing it, h…

Published: 27 Apr 2019 at 07:16hrs | | by Dr Alfred M. Mthimkhulu

Why Mthuli Ncube's new currency is likely to be doomed

THE announcement by Finance minister Mthuli Ncube of his intention to introduce "a new, fully-fledged currency" in 12 months piqued the interest of the general public in Zimbabwe.It comes soon after the RTGS$ has just been introduced. Ther…

Published: 19 Apr 2019 at 10:08hrs | | by Martin Tarusenga

Zimbabwe needs a weak currency to stimulate production, exports

Shortly after the government was sworn in August 2018, they agreed to an economic and monetary reform programme. Since then, much of this ambitious plan has been implemented and the consequences have been a sharp deterioration in living st…

Published: 17 Apr 2019 at 06:15hrs | | by Eddie Cross

RTGS dollars and production

Pursuant to the introduction of the so-called RTGS dollars (not to be confused with the US dollars), the question which arises is: will production be triggered by the introduction of the so-called RTGS dollars? Are we going to see companie…

Published: 24 Feb 2019 at 10:41hrs | | by Colls Ndlovu

A timeline of how Zimbabwe lost its currency

Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many desperate policies enacted over the past two decad…

Published: 14 Nov 2018 at 15:10hrs | | by newZwire with The Source

Currency reform answer to Zimbabwe's economic woes

THE success of the new Government's effort to transform the country's economy, both in the immediate and future term hinges on addressing the currency reform problem. The vision of the Government is to ultimately turn Zimbabwe's economy in…

Published: 21 Sep 2018 at 05:44hrs | | by Bongani Ngwenya

Gukurahundi has lost value as a political currency

Now that the 2018 plebiscite has emphatically placed my party ZAPU in its rightful political space, it is time for members to sober up to reality. Let me begin by congratulating all those who stood in these elections under the banner of ZA…

Published: 04 Aug 2018 at 08:43hrs | | by Mso Ndlovu

Zimbabwe's goat currency - the analysis

Recently, Zimbabwe's primary and secondary education minister, Lazarus Dokora (PhD), suggested a goat currency. One Zimbabwean shares his views.Suggesting that goats can be used to pay school fees is reminiscent of saying the poor can eat …

Published: 24 Apr 2017 at 08:40hrs | | by Fr William Guri

Warped World: Future is BitCoin, Zim opts for Billy Goat, Citizens choose memes

Zimbabwe's social media realm has been metaphorically invaded by unimpressive jokes and dull memes whose main theme is a since rebuffed proposal to adopt a primitive trading method whose currency is the good old Billy goat.Absurd right? No…

Published: 22 Apr 2017 at 18:55hrs | | by Chenai Makurumure

Search / Currency

Zanu-PF says 2030 amendment imminent

Slow progress on Bulawayo-Victoria Falls road upgrade

'Let us write a new chapter of China–Zimbabwe cooperation'

Tribal ruling as Mpofu jailed 22 years, Chimombe 17 years

Zimbabweans, Basotho, Mozambicans top South Africa's illegal crossing list

Mnangagwa's 2030 campaign makes breakthrough

Chiwenga family graduates

Bank employee faces US$96 000 fraud charges

Woman welcomes triplets, bringing family to 6

Warriors suffer major blow

D-Day for Chimombe, Mpofu

Zapu slams Chivayo's 'capture' of Bosso

Zimbabwe urged to overhaul of drink-driving laws

Cars over Care: Zimbabwe's healthcare crisis exposed

Rainy season disrupts cotton input distribution

Businessman gets 12 years for robbery

Robbers lay siege to Buena Vista suburb residents

Three Robbery Suspects Arrested in Bulawayo

Chiwenga portraying himself as the betrayed holy victim

Mbalula cannot rewrite history to sanitise Ramaphosa's failings

Stranded families blame their plight on corrupt Zanu-PF bigwigs

Ministry Assures Wildlife Protection During Road Works Near Hwange National Park

Zimbabwe Mourns Mozambican Engineer Killed in Headlands Accident

Benin military group removes President Talon from office

Biti Labels ZANU PF 'Murderers and Fascists'

Mnangagwa takes sole charge of Zanu-PF vehicle donations

ZERA dismisses viral claim of US$100 monthly solar tax

Ex-Supreme Court Judge's driver up for fraud

Businesswoman scammed of US$500,000

Mnangagwa advisor's cash divides Zanu-PF

BCC revises land policy to attract major investors

Mansion in Bulawayo's upmarket suburb set for demolition

Illicit alcohol stoking gender based violence

Villagers up in arms against Eureka Mine

Injiva wreaks havoc in Matebeleland South

Mnangagwa issues stern warning to Agritex officers

Harare faces billboard revenue scandal

Zimbabwe's leadership culture is built on survival, not development

Bulawayo-Victoria Falls highway progress update

Buyanga's detention linked to disputes involving Mnangagwa's family?

Chinese-sponsored talent show illuminates young Zimbabweans' dreams

2 Zimbabweans arrested in South Africa with R1.2 million worth of drugs

Zimbabwe faces heavy rains, flash flood risk

When Adv Tembeka Ngcukaitobi missteps, the fall is loud

7 wasted years: How Ramaphosa's Presidency betrayed its promise

Man arrested for pouring acid on wife

Woman vanishes at NUST

Small-scale miners warn Mthuli Ncube

Council debates fines hike

The Mall of Zimbabwe set to be biggest retail investment