Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor

Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...

Zimbabwe retailers rejects forced de-dollarisation

Zimbabwean retailers have issued a stark warning to the government regarding the potential consequences of de-dollarising the economy, cautioning that such a move could have catastrophic effects. This...

After ditching the dollar, Zimbabwe now rushing for it at a steeper cost

NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...

Interbank rate now sole legal rate, huge penalties for breaches

The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...

Mthuli Ncube has not ruled out US$ salaries

GOVERNMENT yesterday said it had not yet ruled out the possibility of paying civil servants salaries in United States dollars citing the current US$175 incentive as evidence of its willingness to meet...

Zimbabwe must abandon use of US$ immediately

ECONOMIST Eddie Cross, believes the best way to stabilise the prices of basic goods in the country and spur development is to end the use of the United States dollar in the economy. Speaking on 3Ktv p...

Official dollarisation unlikely, says OM

DIVERSIFIED financial services group Old Mutual Investment believes an official dollarisation of the local economy is "unlikely in the near term" despite current factors pointing towards that directio...

People have lost confidence in Zimdollar, says Minister

GOVERNMENT has all but admitted that Zimbabweans have lost confidence in the local currency, saying it was aware people were trooping to the black market to buy foreign currency to avoid a repeat of 2...

Top economist warns of Zimbabwe dollarisation

ZIMBABWE is expected to dollarise its economy because of the collapse of the local currency and the failure of its auction system to stabilise the exchange rate, renowned scholar and economist Gift Mu...

Mthuli Ncube rules out de-dollarisation

Finance Minister Mthuli Ncube says that Zimbabwe is beginning to engage multilateral creditors, with a view of clearing its US$1.8 billion arrears, which will see the country unlock fresh funding to a...

Introduction of Zimdollar a disaster

A major economic highlight of the week was the confirmation by the President Emmerson Mnangagwa that Zimbabwe will re-introduce a local currency before year-end. It is our view that our country is not...