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Travellers can now take out US$10 000 cash
THE Reserve Bank of Zimbabwe yesterday doubled the amount of foreign currency in cash someone can physically carry on their person or in their baggage out of the country to US$10 000.Far large...Published: 02 Mar 2023 at 05:45hrs | | by Staff reporter
Zimbabwe borrowed US$1,4bn to prop up economy
ZIMBABWE borrowed US$1,4 billion from the African Export and Import Bank (Afreximbank) since 2017 to finance acquisition of strategic commodities, currency reforms and prop up the economy.Acco...Published: 16 Feb 2021 at 17:55hrs | | by Staff reporter
Policy uncertainty disrupts investors
THAT President Emmerson Mnangagwa and his Finance minister Mthuli Ncube are trying and well-meaning is not in doubt. Even their trenchant critics and cynics would agree they are making the right noise...Published: 30 Jun 2019 at 09:08hrs | | by Zimind Comment
De-dollarisation fraught with risk
LATIN American countries such as Bolivia and Peru - like Zimbabwe did this week - once embarked on de-dollarisation without macro-economic stability and other necessary conditions, with the process en...Published: 30 Jun 2019 at 09:06hrs | | by Staff reporter
Food price hikes an indictment on Zanu PF
The MDC notes with concern the unabated price hikes especially on basic food stuffs. An announcement by the Grain Millers Association of Zimbabwe highlights steep increases of rice, maize meal and flo...Published: 04 Jun 2019 at 14:56hrs | | by Jacob Mafume
RBZ not ready for Zimdollar return
Speculation that the Reserve Bank of Zimbabwe (RBZ) is readying itself to reintroduce the demonitised local currency gained momentum last week when former Finance minister Tendai Biti tweeted that the...Published: 17 Feb 2019 at 07:59hrs | | by Staff reporter
Mnangagwa rapped for pegging fuel prices at black market rates
ECONOMISTS and analysts yesterday said the decision by President Emmerson Mnangagwa to peg the new fuel prices at the parallel market rates proved government's insincerity when dealing with the issue ...Published: 14 Jan 2019 at 15:00hrs | 1 | by Staff reporter
Mthuli Ncube warns that scrapping bond a 'costly exercise'
Demonetising the bond note is a "costly exercise", Finance Minister Mthuli Ncube warned on Wednesday after coming under pressure from Members of Parliament who labelled his budget announced in Novembe...Published: 22 Dec 2018 at 19:43hrs | | by ZimLive
Mthuli Ncube's Rand option dilemma as currency crisis worsens
FINANCE minister Mthuli Ncube, who has publicly said joining South Africa's Multilateral Monetary Area could be a solution to Zimbabwe's currency crisis, is agonising over currency reforms, as it dawn...Published: 13 Dec 2018 at 20:01hrs | | by Staff reporter
Zimbabwe currency volatility not good for recovery plan
THE 2019 National Budget presented by Finance minister Mthuli Ncube, though commendable for putting in place fiscal austerity and fiscal consolidation measures to contain the widening fiscal deficit, ...Published: 30 Nov 2018 at 09:47hrs | | by Staff reporter
Bond notes and Zimbabwe's currency debate
WHEN Reserve Bank of Zimbabwe governor John Mangudya announced in 2016 plans to issue bond notes, a currency he claimed had the same value as the US dollar, many were apprehensive.It was backe...Published: 30 Nov 2018 at 09:43hrs | | by Staff reporte
Biti advises Prof Mthuli Ncube on economics
Former Finance Minister Tendai Biti says new minister Mthuli Ncube, who presents his maiden budget statement Thursday, should set an "underlying exchange rate" between the United States dollar and the...Published: 22 Nov 2018 at 07:07hrs | | by zimlive
Fierce crackdown on parallel market drops forex rate
A fierce government crackdown on illegal forex dealers, increased electronic surveillance of bank accounts, deployment of state security agents and arrests of individuals suspected to be at the centre...Published: 26 Oct 2018 at 08:13hrs | | by Staff reporter
Zimbabwe economy is self-dollarising, says Mthuli Ncube
THE Minister of Finance and Economic Development, Professor Mthuli Ncube, has said developments in the currency market in Zimbabwe are an indicator that the economy is "self dollarising" in response t...Published: 10 Oct 2018 at 06:27hrs | | by Staff reporter
Demonetize bond notes, says Biti
PEOPLE's Democratic Party leader, Tendai Biti yesterday called on the government to immediately demonetise bond notes and increase the use of plastic money, as a temporary measure to deal with the liq...Published: 26 Oct 2017 at 06:48hrs | | by Staff reporter
Victory in pyrrhic loss
I have been thinking, quite profoundly of late, that in life there may be some battles that one may gladly lose, not because of pyrrhic loss as there is victory but because there may be vindication in...Published: 18 Aug 2016 at 14:44hrs | | by Sambulo Vuma
Mugabe destined to leave Zimbabwe without currency
PRESIDENT Robert Mugabe (91 next week) appears destined to leave the country whenever he would go without its own local currency amid clear indications by the Reserve Bank of Zimbabwe (RBZ) governor ...Published: 13 Feb 2015 at 14:47hrs | 1 | by Kudzai Kuwaza
Zimdollar payments outlawed
Workers who were awarded damages for labour disputes in Zimbabwe dollars after the introduction of the multi-currency regime will now get paid in foreign currency after the Supreme Court on Wednesday ...Published: 14 Jun 2014 at 07:30hrs | 2 | by Daniel Nemukuyu
Zimdollar demonitised
Government will issue Treasury Bills to raise $20 million to compensate Zimbabwe dollar account holders who lost money following the adoption of a multiple currency system in 2009.Minister Chi...Published: 20 Dec 2013 at 02:08hrs | | by Staff reporter
Chinamasa's budget attracts mixed reactions from MPs
PARLIAMENTARIANS yesterday received with mixed reactions next year's proposed National Budget with the majority of Zanu-PF legislators welcoming it, while the MDC-T Members of Parliament dismissed it...Published: 20 Dec 2013 at 02:08hrs | | by Staff reporter
'Zimbabwe's multi-currency system to stay,' says Chinamasa
Zimbabwe's Finance and Economic Development Patrick Chinamasa has moved to put to bed talk of the return of the Zimbabwe dollar.In his budget speech he said that there was a commitment to t...Published: 19 Dec 2013 at 11:12hrs | | by Staff reporter
Supreme Court to decide on Zimdollar labour awards
THE Supreme Court is set to determine how litigants who obtained court orders in Zimdollars can be compensated in the prevailing multi-currency system.Parliament did not prescribe the exchange...Published: 17 May 2012 at 20:27hrs | | by Staff reporter
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