Search / Fiat
ZiG currency another scam
Introducing new currency every time and again is not the panacea to the challenges that the country is currently facing.The issue of currency needs a lot of input and everyone's heads on the d...Published: 19 Sep 2024 at 20:57hrs | 3761 | by Leonard Koni
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | 1 | by Kenneth Mufuka
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | | by Staff reporter
Zimbabwe explores option of issuing digital currency
The Reserve Bank of Zimbabwe (RBZ) is exploring the option of issuing digital currency, a move that could revolutionize the way money is used in the country.The central bank said in a statemen...Published: 13 Aug 2023 at 09:06hrs | 10 | by Staff Reporter
RBZ in bid to calm run on banks over currency fears
The Reserve Bank of Zimbabwe on Friday sought to calm a run on banks, insisting that depositors' funds were safe.Thousands of panicky Zimbabweans lined up in bank queues to withdraw their Unit...Published: 10 Jun 2023 at 17:53hrs | | by Staff reporter
The Rise of Binance Coin: Why you should consider converting BTC to BNB
So you've heard of Binance Coin (BNB) and you're wondering why you should convert Bitcoin (BTC) to BNB. In this article, we will look at the advantages of such an exchange....Published: 23 May 2023 at 14:28hrs | 9 | by Staff Reporter
'Black market rates to fall,' dreams RBZ
THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency...Published: 23 Apr 2023 at 07:48hrs | 1 | by Staff reporter
Zimbabwe central bank introduces gold-backed digital currency
THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency...Published: 23 Apr 2023 at 07:47hrs | 2 | by Staff reporter
Al Jazeera documentary on Zimbabwe's gold mafia won't change anything
THE whole hullabaloo about illicit gold is plain codswallop and balderdash.The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearl...Published: 28 Mar 2023 at 06:51hrs | 1 | by Chris Mutsvangwa
The whole gold hullabaloo about Zimbabwe illicit gold is plain codswallop and balderdash
The whole gold hullabaloo about illicit gold is plain codswallop and balderdash. The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearly ...Published: 26 Mar 2023 at 20:33hrs | 3 | by Ambassador Christopher Mutsvangwa
Reflecting on the export ban for raw lithium
Through Statutory Instrument 213 of 2022 (Referend to as Base Minerals Export Control for unbeneficiated Lithium Bearing Ores), Zimbabwe banned the export of raw lithium from the country. The regulati...Published: 31 Jan 2023 at 09:12hrs | | by Victor Bhoroma
Third World Underdevelopment - a forced condition
Underdevelopment in Africa, Latin American and much of Asia is not a condition of being several centuries behind the various kinds of transformations experienced in the capitalist centre but a conditi...Published: 14 Jan 2023 at 08:47hrs | 1 | by Maxwell Teedzai
RBZ conducts digital currency survey
THE Reserve Bank of Zimbabwe (RBZ) has stepped up plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach by carrying-out consumer perception surveys.The bank'...Published: 11 Nov 2022 at 05:04hrs | 1 | by Staff reporter
Zimbabwe explores central bank digital currency
The Reserve Bank of Zimbabwe (RBZ) says it is moving ahead with plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach.RBZ Governor Dr John Mangudya said the ...Published: 24 Aug 2022 at 06:37hrs | 1 | by Staff reporter
Africanise the law and land
In Mzansi, most citizens can only own real estate when they are dead - their graves and tombstones if they can afford one. From the living majority, they become the silent majority.Throughout ...Published: 27 Jul 2022 at 19:29hrs | 1 | by Lindiwe Sisulu
Gold coins: Broadening and cementing economic confusion
THE Reserve Bank of Zimbabwe really loves to lie to the people and then start believing its own lies.This thing of gold coins to preserve value does not make any economic logic and I will say ...Published: 01 Jul 2022 at 07:24hrs | | by Brian Sedze
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 10 | by Victor Bhoroma
Govt must implement economic reforms
IN 2017, Finance and Economic Development minister Mthuli Ncube, Reserve Bank of Zimbabwe governor John Mangudya and the Zanu-PF government lied to the people, saying the bond note was at par with the...Published: 21 Mar 2022 at 06:39hrs | | by Staff reporter
What will happen if you gamble with an unlicensed casino?
In the United Kingdom gambling sites are divided into two main types, regulated sites and unlicensed sites. In fact, unauthorized sites are not necessarily fraudulent as they apply all the basics of p...Published: 19 Mar 2022 at 13:14hrs | 6 | by Staff Writer
Has yuan become Russia's new dollar?
Russia could use the Chinese yuan to bypass the crippling sanctions and SWIFT payment ban imposed by the US and its allies.One rouble now buys less than one US cent, causing ordinary Russians ...Published: 10 Mar 2022 at 05:49hrs | 1 | by Staff reporter
The end of the Petrodollar and the rise of the Petroyuan
A "Petrodollar" is a U.S. Dollar obtained through the sale of crude oil, i.e. it's a term created particularly to describe the situation of the OPEC countries, where the sale of this commodity allows ...Published: 08 Mar 2022 at 07:17hrs | 6 | by Hugo Martins | Analyst
Zimbabwe government looks to own digital currency, not crypto
As digital currencies expand and become mainstream and normalised, it is not going to be unusual to find governments around the world considering the benefits that such a currency could offer their ci...Published: 17 Dec 2021 at 11:53hrs | 10 | by Staff Reporter
Crypto Exchange vs Crypto Broker: What Is the Difference?
There are so many terms used in the crypto world that tend to be confused to mean the same thing, while they do not. A good number of crypto users assume that a broker and an exchange are the same. In...Published: 11 Nov 2021 at 10:48hrs | 11 | by Staff Writer
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | | by Staff reporter
Inefficient auction system dragging economic recovery
Zimbabwe has managed to turnaround and achieve double digit annual inflation from a periodic high of 838% realized in July 2020 to 56% achieved in July 2021. The redollarization of the local economy a...Published: 04 Aug 2021 at 15:57hrs | 1 | by Victor Bhoroma
Top benefits of using cryptocurrency in 2021
In the past few years, propaganda, rumors, and news have spread on this new thing in town, Cryptocurrency. Most people are green on this new technology, and just for a briefing, Cryptocurrency is a vi...Published: 19 Jul 2021 at 10:24hrs | 2 | by Staff Writer
Auction market cannot end the parallel market
Despite launching the Dutch inspired Foreign Currency Auction System (FCAS) in June 2020 (Almost 1 year running), the Zimbabwean economy continues to face acute foreign currency shortages on the forma...Published: 19 Jun 2021 at 08:52hrs | 6 | by Port Louis Riverfront, Mauritius
Debunking the biggest cryptocurrency myths in South Africa
To any potential South African investor entering the market to turn a profit, cryptocurrencies as well as the blockchain could seem perplexing at first. This is why we aim to debunk certain myths asso...Published: 17 Jun 2021 at 10:00hrs | 2 | by Staff Writer
Things to consider before buying or selling cryptocurrency
Cryptocurrencies came to offer solutions to the flaws in the current financial system. They create an alternative to the fiat currency that is digital, decentralized, and available for everybody; all ...Published: 18 May 2021 at 11:00hrs | 10 | by Staff Writer
Mastercard and Network International Pioneering Africa's digital payment revolution
Civilization has transformed trading and commerce from the prehistoric means which involved barter trades facilitated by the item-to-item exchange. The discrepancies and inconsistencies of goods valu...Published: 12 Apr 2021 at 12:27hrs | 2 | by Staff Writter
'No permanent friends but interests' Zim-China relation expedition
Late 2020 China and Zimbabwe launched 5 year policies towards the realization of vision 2030, sustainable development goals. Zimbabwe being an ally to China, one can question if this was due to diplom...Published: 20 Jan 2021 at 06:28hrs | | by Theophelous Fifteen
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. ...Published: 08 Jan 2021 at 20:58hrs | | by Victor Bhoroma
Industry raps Mthuli Ncube's half-hearted currency reforms
INDUSTRY has rapped Finance and Economic Development minister Mthuli Ncube over his "half-hearted approach" to the currency reforms, saying the continued use of the United States dollar in the market ...Published: 04 Sep 2019 at 08:35hrs | | by Staff reporter
Introducing a new currency was Zimbabwe's only viable option
Zimbabwe, the country I serve as finance minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our ...Published: 28 Aug 2019 at 18:24hrs | | by Prof Mthuli Ncube
Zimra to conduct rummage sale
Zimbabwe Revenue Authority (Zimra) is set to conduct a rummage sale auction of forfeited and uncleared motor vehicles and goods for Harare Ports at Harare Show Ground Rajiuv Gandhi Hall.The au...Published: 23 Jul 2019 at 15:15hrs | 1 | by Ndou Paul
A currency backed by nothing
On February 25, 1862, United States President Abraham Lincoln signed the Legal Tender Act, a brainchild of Elbridge Spaulding. Those were terrifying times. The republic was at war with itself and woul...Published: 19 Jul 2019 at 07:51hrs | | by eBusiness Weekly
Recession, Zim Dollar return and Economic Outlook
As the country enters the last half of the year and warms up to the re-introduction of the Zimbabwean Dollar, it is now evident that the economy is swiftly sliding into a recession. In 2018, the econo...Published: 01 Jul 2019 at 12:20hrs | | by Victor Bhoroma
Introduction of Zimdollar to sink economy, say analysts
THE decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency's value may tumble...Published: 30 Jun 2019 at 09:05hrs | | by Staff reporter
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | | by Victor Bhoroma
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, effectivel...Published: 14 Jun 2019 at 08:25hrs | | by Brett Chulu
New currency unlikely to perform miracles for Zimbabwe
GOVERNMENT'S plans to unveil a new currency by year-end without addressing macro-economic fundamentals could be catastrophic, while the proposed local unit risks suffering the same fate as the defunct...Published: 14 Jun 2019 at 08:21hrs | | by Staff reporter
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 st...Published: 14 Jun 2019 at 08:21hrs | | by Persistence Gwanyanya
How Mugabe destroyed Zimbabwe
What do Slobodan Milosevic, Robert Mugabe, and Nicolás Maduro have in common? Other than being leaders who kept the Communist Manifesto at their bedside, all three ushered in devastating hyperinflati...Published: 14 May 2019 at 10:14hrs | 7 | by Prof. Steve Hanke
The nexus between confidence and economic growth
A change in the Zimbabwean government in November 2017 was somewhat a confidence booster in the economy as the new administration announced business oriented policies and went on an overdrive to re-en...Published: 29 Apr 2019 at 08:45hrs | | by Victor Bhoroma
Biti, this world will humble you!
Even after having gone through the intellectual rigours of philosophy and theology at seminary, Bishop Lazi still doesn't fancy the nature versus nurture debate.But there is a particularly ine...Published: 10 Mar 2019 at 08:48hrs | 2 | by Bishop Lazi
Can the interbank FX market end the black market?
The recent monitory policy statement announcement by the Reserve Bank of Zimbabwe (RBZ) paved way for the re-introduction of the Interbank Foreign Exchange market as recommended by industry captains w...Published: 04 Mar 2019 at 10:09hrs | | by Victor Bhoroma
WATCH: PANIC in Zimbabwe!
Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news out of Zimbabwe as the country falls into further chaos following massive demonstrations in the streets ag...Published: 03 Mar 2019 at 18:50hrs | | by World Alternative Media
4 investments that don't give any returns
People are locked in a constant struggle to invest their wealth in the most promising stocks or startup ventures, so the first and last thing on their minds is to make the biggest returns possible. Ho...Published: 25 Feb 2019 at 21:59hrs | | by Staff Reporter
Time is right for alternative money
THE controversy surrounding the introduction of another local currency continues unabated. This time it was the former Finance minister, Tendai Biti, who ignited the current debate when he announced g...Published: 15 Feb 2019 at 08:24hrs | 9 | by Zimwara
'Forex shortages threaten gold production'
THE country's gold sector is in a precarious situation after it emerged that the Reserve Bank of Zimbabwe (RBZ) has not been paying primary gold producers for the last three months, NewsDay has establ...Published: 22 Jan 2019 at 08:51hrs | 1 | by Staff reporter
Load More Stories
