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Mnangagwa's gamble works for the economy
Monetary Policy is defined as an attempt to achieve broad economic goals by the regulation of the supply of money. The 2018 Monetary Policy Statement (MPS) was prepared on the narrative that Zimbabwe ...Published: 47 mins ago | 373 | by Dr Masimba Mavaza
Can Zimbabwe learn from history, the pain of yesteryear?
CENTRAL bank opens up currency trading, reads a headline in a State-owned daily newspaper. The Reserve Bank of Zimbabwe (RBZ) has liberalised the foreign currency market by introducing an interbank tr...Published: 4 hrs ago | 355 | by Editorial - newsday
Seven key PSL venues, including Rufaro condemned
A HOST of stadiums, including Rufaro, have failed to meet the Premier Soccer League (PSL) standards to host top-flight matches, a development that puts a number of teams in a dilemma.A prelimi...Published: 4 hrs ago | 365 | by Staff reporter
Zimbabwe lost $2 billion on 1:1 forex exchange rate
GOVERNMENT lost $2 billion last year for maintaining the parity between the bond note and the United States dollar, Finance and Economic Development Minister Mthuli Ncube has said.Economists h...Published: 11 hrs ago | 4136 | by Staff reporter
RBZ sets rate of 2.50 for devalued RTGS dollars
Zimbabwe's new currency is expected to begin trading at around 2.5 to the U.S. dollar, Central Bank Governor John Mangudya said on Friday, a significant devaluation as the regulator attempts to stem c...Published: 18 hrs ago | 2717 | by Reuters
Zimbabweans should accept that their balances have been devalued by 2.5 times, says Mthuli Ncube
The Reserve Bank of Zimbabwe has set the interbank rate at 2.5 to the US dollar to kick start its auction system. However its ability to sustain it at those levels depends, among others o...Published: 18 hrs ago | 8741 | by FinX
Govt shoots down ZESA's proposal to increase tariff
The government has turned down the proposal by the ZETDC, a branch of the Zesa power utility, to increase its tariff by 52%, saying it is unjustified as local generation capacity has increased....Published: 23 hrs ago | 1988 | by Staff reporter
Zimbabwe forex dealers struck by fear
Illegal foreign currency (forex) dealers were on tenterhooks yesterday as they weighed their options in the wake of new measures by the RBZ that seek to eradicate parallel market activities. ...Published: 23 hrs ago | 11912 | by Staff reporter
RBZ to stabilise exchange rate
The Reserve Bank of Zimbabwe (RBZ) says it has put in place adequate safeguards to ensure stability of exchange rates after the apex bank this week floated the US dollar on the interbank market....Published: 23 hrs ago | 2668 | by Staff reporter
Unpacking floating of exchange rate by Zimbabwe
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Mangudya in his monetary policy statement liberalised the exchange rate that is, departing from the 1:1 position of the bond notes or real time gr...Published: 23 hrs ago | 837 | by Dr Mugano
Mangudya says 'I am guilty as charged' on bond notes
THE ZIMBABWE central bank governor Dr John Mangudya has admitted prejudicing the country’s exporters by exchanging their US dollar earnings at parity with the local bond note, when rates on the para...Published: 22 Feb 2019 at 09:22hrs | 5868 | by Staff reporter
Bond note, RTGS model didn't fail, says Mangudya
Following the announcement of the Monetary Policy Statement (MPS) by Reserve Bank of Zimbabwe governor John Mangudya (JM) this week that effectively liberalised the exchange rate between the US dollar...Published: 22 Feb 2019 at 09:16hrs | 1115 | by Staff reporter
People of Zimbabwe deserve a new day
ON Wednesday this week, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya presented a long-awaited monetary policy statement.This had been expected in January and was postponed several tim...Published: 22 Feb 2019 at 09:10hrs | 1067 | by Eddie Cross
Zimbabwe black market forex rate should drop to 60%
THE eagerly anticipated Monetary Policy Statement (MPS) for 2019 was finally delivered by the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday this week, the same day the budget stat...Published: 22 Feb 2019 at 09:09hrs | 1485 | by Brett Chulu
Zimbabwe financial markets serene after RBZ's monetary policy measures
MARKETS largely remained unperturbed following monetary policy measures announced this week that saw the central bank abandon its fixed exchange rate management system for a managed floating approach ...Published: 22 Feb 2019 at 09:09hrs | 1288 | by Staff reporter
Mnanagwa's mega projects stall
AFTER earning the uncanny title of "Mr Groundbreaking" for his vast portfolio of much-publicised investment "mega deals" which are taking rather too long to be implemented, President Emmerson Mnangagw...Published: 22 Feb 2019 at 09:08hrs | 725 | by Staff reporter
'US$ remains Zimbabwe's base currency for trading'
THE Zimbabwe Coalition on Debt and Development (Zimcodd) says the United States dollar will remain the base currency for trading purposes in Zimbabwe because businesses prefer trading in a stable curr...Published: 22 Feb 2019 at 09:03hrs | 360 | by Staff reporter
Mthuli Ncube declares war on inflation
Finance and Economic Development Minister Professor Mthuli Ncube says Government will continue to implement appropriate fiscal measures to bring inflation down to single-digit levels by year end. ...Published: 21 Feb 2019 at 22:50hrs | 5275 | by Staff reporter
Bribe bid kombi crew arrested
POLICE in Bulawayo have arrested a kombi crew for allegedly trying to bribe four cops with $10 bond notes after the duo were arrested for operating an unregistered commuter omnibus. The incide...Published: 21 Feb 2019 at 22:34hrs | 2442 | by Staff reporter
Black market forex rate remains stable
PARALLEL market rates remained stable yesterday following the decision by Reserve Bank of Zimbabwe Governor Dr John Mangudya to liberalise the United States dollar exchange rate against Real Time Gros...Published: 21 Feb 2019 at 22:33hrs | 6209 | by Staff reporter
Eddie Cross hails Monetary Policy Statement
ECONOMIST and former MDC legislator Mr Eddie Cross has hailed the 2019 Reserve Bank of Zimbabwe (RBZ) Monetary Policy Statement and believes it will play a major role in stabilising the pricing system...Published: 21 Feb 2019 at 22:32hrs | 2384 | by Staff reporter
Monetary policy, a huge leap towards safety
The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, yesterday took a huge positive leap towards healing the ailing economy when he devalued the bond note during his Monetary Policy Statement (...Published: 21 Feb 2019 at 21:02hrs | 558 | by Staff reporter
Employers not worried by bond notes, RTGS devaluation
The floating of RTGS dollars will have minimum effect on employers despite the rising inflation, which reached record levels since the introduction of the multi-currency regime 10 years ago, an employ...Published: 21 Feb 2019 at 21:02hrs | 1960 | by Staff reporter
MDC slams RBZ currency moves
Zimbabwe has "de-dollarised through the back door," the Movement for Democratic Change (MDC) said on Wednesday after the Reserve Bank of Zimbabwe unveiled its delayed Monetary Policy Statement....Published: 21 Feb 2019 at 20:56hrs | 875 | by ZimLive
Zimbabwe Communist Party statement on Monetary Policy
The underlying position of the ZCP on any government policy declaration including this one is neither to automatically oppose nor to automatically endorse. Our task is to defend the interests of the w...Published: 21 Feb 2019 at 19:04hrs | 1227 | by ZCP
Mthuli Ncube says Zimbabwe's inflation rate is being misread
Finance Minister Mthuli Ncube has said the country’s inflation rate, which surged to the highest annual level since a hyperinflation blowout a decade ago, is being misread and the measure of monthly...Published: 21 Feb 2019 at 17:10hrs | 4812 | by Bloomberg
What will a teacher's strike in Zimbabwe mean
Following a lengthy dialogue, Zimbabwean teachers have decided to call off their strike. The talks for a strike have been going on for months now when the Zimbabwe Teachers' Association union decided ...Published: 21 Feb 2019 at 16:02hrs | 1986 | by Staff Reporter
RBZ's interbank forex policy failed miserably in 2008
Just in case folks out there start jumping up and down ululating and eulogising at the forex trading liberalisation policy announced by the RBZ, a cursory look at the country's...Published: 21 Feb 2019 at 11:14hrs | 2673 | by Colls Ndlovu
Mnangagwa's sincerity sways EU
There has been a lot of debate around President Mnangagwa's honesty with regards to his promise to respect the rights of citizens, end Zimbabwe's international isolation and achieve a middle income st...Published: 21 Feb 2019 at 10:01hrs | 7467 | by Mapozho Saruchera
'Monetary Policy Statement will bring sanity' says RBZ Governor - will not and never will as long as insane rule the roost
The primary objective of the Reserve Bank of Zimbabwe's (RBZ) long awaited Monetary Policy Statement was to bring sanity to Zimbabwe's chaotic economic world, especially the madness in financial and c...Published: 21 Feb 2019 at 09:14hrs | 1155 | by Nomusa Garikai
Mangudya is a thief, he has devalued people's salaries
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday announced the eagerly awaited monetary policy for 2019, in which he liberalised the trade of foreign currency and effectively declared t...Published: 21 Feb 2019 at 07:33hrs | 9013 | by Staff reporter
Mawarire, Mutasa dockets merged
A HARARE court yesterday merged dockets of #ThisFlag founder Evan Mawarire, and Zimbabwe Congress of Trade Union secretary-general Peter Mutasa, who are both accused of attempting to subvert a constit...Published: 21 Feb 2019 at 07:24hrs | 686 | by Staff reporter
'Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (R...Published: 21 Feb 2019 at 07:13hrs | 1676 | by Staff reporter
Mangudya formally devalues the bond...introduces new currency
The RBZ officially introduced a new currency despite days of denial by the Zanu PF government including the Ministry of Finance and the RBZ.Again the Monetary statement fails to deal with the ...Published: 21 Feb 2019 at 06:38hrs | 2185 | by Jacob Mafume
Mliswa speaks on disability
The Department of Social Welfare should engage in door-to-door collaction of data on people living with disabilities in order to get correct information, a senior Government official has said. ...Published: 20 Feb 2019 at 23:45hrs | 2560 | by Staff reporter
For economy to take off, we must take air out of inflation
What is inflation and why must we get it under control? What has been going wrong, and how are we putting things right? As an Economics Professor, its important I first explain the basics. In ...Published: 20 Feb 2019 at 23:22hrs | 1463 | by Prof Mthuli Ncube
Mangudya kills forex black market?
INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency p...Published: 20 Feb 2019 at 22:40hrs | 2908 | by Staff reporter
Price drop expected after exchange rate liberalisation
PRICES of most goods and services are expected to decline or stabilise in the short to medium term following the freeing up of the exchange rate, after the Reserve Bank of Zimbabwe floated the rate be...Published: 20 Feb 2019 at 22:39hrs | 1305 | by Staff reporter
Zimbabwe abandons the 1:1 rate
The Reserve Bank of Zimbabwe (RBZ) will introduce Foreign Currency Accounts (FCAs) that will be utilising the real time gross settlement system (RTGS) by the end of this month. This comes as t...Published: 20 Feb 2019 at 22:37hrs | 819 | by Staff reporter
John Mangudya's Bonditary policy confirms US$100 salary for a teacher
I am not an economist, I am a subsistence farmer but with a little knowledge of economics that I grasped from my experiences with primary education, John Mangudya's latest Bonditary policy is going to...Published: 20 Feb 2019 at 19:11hrs | 5974 | by Don Chigumba
The current monetary policy review will worsen current fiscal imbalances
Background and Review It was trajectory, forex premiums is hurting Zimbabweans and hostile to business environment. FCA accounts have yielded positive r...Published: 20 Feb 2019 at 17:25hrs | 3832 | by Tinashe Eric Muzamhindo
RTGS is the electronic version of the bond note
Firstly, is the RBZ going to print the RTGS dollars or not? Either way the effect is the same because previously they created RTGS balances from thin air while physically printing bond notes. On...Published: 20 Feb 2019 at 16:37hrs | 6842 | by Colls Ndlovu
Full RBZ Monetary Policy statement.
THE Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against real time gross settlement balances (RTGS), bond notes and all currencies in the multi-currency basket, as i...Published: 20 Feb 2019 at 14:48hrs | 5929 | by RBZ
Zimbabwe introduces the RTGS Dollar currency
The much-awaited monetary policy statement presentation has come and gone in a few minutes. John Panonetsa Mangudya, the governor of the Reserve Bank of Zimbabwe, introduced the RTGS dollars as a curr...Published: 20 Feb 2019 at 14:26hrs | 9839 | by Ndou Paul
New currency announced
Zimbabwe has introduced a new currency called the RTGS Dollars, the Reserve Bank of Zimbabwe Chief John Panonetsa Mangudya said during the Monetary Policy Statement delivered on Wednesday. ...Published: 20 Feb 2019 at 13:47hrs | 28249 | by Mandla Ndlovu
Zimbabwe Monetary policy highlights - RTGs now a currency
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya released the long-awaited Monetary Policy Statement (MPS) and below are the highights.-Interbank FX market.- Being establish...Published: 20 Feb 2019 at 13:40hrs | 3726 | by Staff reporter
LIVE- All eye on Mangudya #MonetaryPolicyStatement speech
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will today (Wednesday) at 14:30hrs release the long-awaited Monetary Policy Statement (MPS). The market is eagerly waiting t...Published: 20 Feb 2019 at 12:16hrs | 10304 | by Staff reporter
Looting cases clog Bulawayo courts
The recent fuel riots have left the justice delivery system in Bulawayo creaking under a deluge of cases which have forced the government to dispatch additional magistrates and prosecutors to the City...Published: 20 Feb 2019 at 12:03hrs | 419 | by Staff reporter
How to Choose the Best Forex Broker for Beginners
The Forex market is one of the largest financial markets in the world. It offers 24 hours trading with a turnover of trillions of dollars a day. The currency market is filled with people with diverse ...Published: 20 Feb 2019 at 11:28hrs | 680 | by Staff Reporter
Delta demands payment in forex
Delta Corporation is reportedly demanding customers to pay for part of their orders from the beverage maker in hard currency to allow it to source imported raw materials as a pressing foreign currency...Published: 20 Feb 2019 at 10:06hrs | 1464 | by Staff reporter
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