Search / Gold standard
Mushayavanhu under fire for outdated monetary assumptions
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...Published: 20 Jun 2025 at 16:32hrs | 489 | by Staff reporter
Mnangagwa scheme hit by scandal
A dispute involving one of President Emmerson Mnangagwa's advisors has escalated to the High Court after a Harare resident discovered his residential stand had been turned into a site for a presidenti...Published: 08 Jun 2025 at 12:10hrs | 2512 | by Staff reporter
Major events turn Bulawayo into hive of activity
Bulawayo is witnessing a surge in activity as the city prepares to host two significant events this week: the 21st Zanu-PF Annual National People's Conference, set to begin tomorrow, and the 5th SADC ...Published: 21 Oct 2024 at 07:42hrs | 298 | by Staff reporter
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2304 | by Tendai Ruben Mbofana
ZiG's false promise: Debunking the gold-backed myth
Some of us said it from day one, but we were accused of being 'prophets of doom'.When the Zimbabwe authorities declared war on illegal money changers, ostensibly, in order to 'defend' the stab...Published: 07 Oct 2024 at 16:36hrs | 1418 | by Tendai Ruben Mbofana
Zimswitch, EcoCash roll out new currency
FOLLOWING the unveiling of the new currency last Friday, the country's sole national payments platform and clearing house, Zimswitch, yesterday announced that it had completed the rollout of the ZiG p...Published: 09 Apr 2024 at 06:18hrs | 2 | by Staff reporter
Zimbabwe set to announce fate of Zimdollar
Zimbabwe's currency plunged to yet another record low as citizens rushed to the safety of the US dollar amid speculation an announcement from the central bank on the fate of the local unit is imminent...Published: 04 Apr 2024 at 06:03hrs | 1 | by Staff reporter
Zimdollar rate decline signals move to Gold Standard
Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it's no longer keen to defend and is instead working on a new exchange rate potentially backed by gold....Published: 21 Mar 2024 at 08:47hrs | 2 | by Staff reporter
Will the new ‘ZiG' ‘gold backed' digital currency alleviate Zimbabwe's currency stability woes?
THE chronic problem of Zimbabwe's economy has its roots in the land reform activities that began more than 30 years ago.The principle of ‘ethnic balance' in land ownership was fair. The prob...Published: 08 Oct 2023 at 08:02hrs | 2 | by John Mc Keown
ZBC, a national embarrassment and huge shame on journalism!
Who can still remember the late great Bornwell Chakaodza?I can still see the images of the fiery no-nonsense renowned journalist and media lecturer - as he bombarded government officials on pe...Published: 28 Jul 2023 at 18:06hrs | 16 | by by Tendai Ruben Mbofana
Criminal law amendment will close loopholes, says Zanu-PF
The Criminal Law (Codification and Reform) Amendment Act, which was signed into law last Thursday by President Mnangagwa, closes loopholes that were previously taken advantage of by the country's erst...Published: 17 Jul 2023 at 06:52hrs | 15 | by Staff reporter
Gold Standard pauses issuance of CO2 credits from Zimbabwe
GOLD Standard, a verifier of carbon offsets, is temporarily pausing the issuance of credits from projects based in Zimbabwe, after the country's announcement earlier this year that it plans to take ha...Published: 17 Jul 2023 at 06:50hrs | 10 | by Staff reporter
Why RBZ introduced the Gold-backed digital currency
With the local currency on a free-fall and Zimbabwe already a digital economy, ninety six percent of our transactions traded on digital platforms. The digital currency was long overdue. Zimbabwe is on...Published: 29 Apr 2023 at 07:07hrs | 3 | by Jacob Kudzayi Mutisi
US embassy partners Zimbabwean varsities
THE United States embassy in Harare has entered into partnerships with Zimbabwean universities to help strengthen their research skills.US embassy public diplomacy officer John Hishmeh said th...Published: 07 Jan 2023 at 07:05hrs | 1 | by Staff reporter
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
Currency: The long road of pain awaiting Zimbabwe
IN June 2019, the Zimbabwe dollar was officially reintroduced as the main legal tender for domestic transactions in the country amid scepticism from the general public concerning its sustainability. T...Published: 17 Mar 2022 at 05:49hrs | 1 | by Staff reporter
Chamisa says dumping MDC name regrettable but...
The leader of the newly-formed Citizens Coalition for Change (CCC), Nelson Chamisa, says the political outfit, which will be contesting the March 26th council and parliamentary by-elections, is a proj...Published: 01 Feb 2022 at 07:06hrs | 1 | by Staff reporter
ZANU PF internal polls prove party not only a national security threat but a danger unto itself!
It is so laughable listening to ruling ZANU PF leaders touting its just ended provincial elections as a sign of "democracy at work", and even going as far as ridiculously lauding them as a "resounding...Published: 06 Jan 2022 at 12:51hrs | 11 | by Tendai Ruben Mbofana
Will women ever be truly liberated when they regard men as gold standard of superiority?
I am sure we have all come across these screaming newspaper headlines - 'Woman truck driver breaks into male-dominated industry', 'Female motor mechanic demolishes gender barriers', 'Girls make inroad...Published: 23 Nov 2021 at 22:02hrs | 9 | by Tendai Ruben Mbofana
Factoring 'animal spirits' into Zimbabwe's economic discourse
John Maynard Keynes is considered by many to be the most consequential economist of the past century. Perhaps one of his boldest contributions to economics was postulating, perhaps correctly, that the...Published: 18 Nov 2021 at 19:02hrs | 20 | by Simbarashe Bepete
Zimbabwe under attack as the united nations special rapporteur is deployed
THE United Nations (UN) will deploy a special rapporteur to Zimbabwe to probe the impact of sanctions on the country and determine if President Emmerson Mnangagwa's government was not using them as a ...Published: 30 Sep 2021 at 17:07hrs | 11 | by Dr Masimba Mavaza
Zimbabwe-made budget car Mureza Prim8 is finally going on sale
Zimbabwean low-cost vehicle maker Mureza Auto Co says it is ready with its first 100 vehicles going on sale at US$13,500 each.The company was recently granted a licence to assemble motor vehic...Published: 15 Jul 2021 at 12:05hrs | 2 | by Staff reporter
Why do today's women appear more subservient to men than were our mothers?
This morning started on a most interesting note - as is typical with my wife, since we always engage in very enlightening, thought-provocking, and edifying discussions - after she told me about an eve...Published: 24 Jun 2021 at 09:45hrs | | by Tendai Ruben Mbofana
Public hospitals' Covid-19 testing shambolic
CLAIMS by government that public health institutions have the capacity to handle all Covid-19 cases in the country and that they were also equipped to conduct mass screening, including testing for the...Published: 31 Jan 2021 at 09:39hrs | 1 | by Staff reporter
Harare free COVID-19 testing initiative hits snag
THE Harare City Council (HCC)'s free COVID-19 testing initiative has hit a snag amid concerns from patients that the process is fraught with inconsistencies and false starts.While the city fat...Published: 27 Jan 2021 at 05:59hrs | 12 | by Staff reporter
'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 | 1 | by Theophelous Fifteen
China-Zimbabwe relations: A marriage not worthy?
A MARRIAGE built on rocks does not last. The Lome Agreement of 1975 between European Economic Community and African Caribbean and Pacific countries is a typical example to China-Zimbabwe relations tha...Published: 19 Jan 2021 at 07:32hrs | 1 | by Christine Rumbidzai Matinanga
Even slaves refused to sell their souls
As the world marks 400 years since 1619, when Africans were first abducted and sold into slavery in America, this extract below from the book To Be A Slave by African-American author Julius Lester, pu...Published: 06 Sep 2019 at 07:16hrs | 2 | by Conway Tutani
Challenges modern students face while researching online
Research is the backbone of the college experience, and the need to research a wide variety of topic in depth can cause students a great deal of trouble, particularly when they are not familiar with t...Published: 17 May 2019 at 14:32hrs | | by Staff Writer
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 | 12 | by Prof. Steve Hanke
Zimbabwe urged to adopt currency board
ZIMBABWE should introduce an independent currency board which would stop the Reserve Bank of Zimbabwe (RBZ) from controlling the foreign currency exchange rate, an industry expert has said.In ...Published: 04 Mar 2019 at 07:25hrs | 1 | by Staff reporter
ZBC set for major overhaul
INFORMATION minister Monica Mutsvangwa says Zimbabweans must brace themselves for a raft of media reforms as her ministry moves to align various laws with the constitution.Mutsvangwa (MM) told...Published: 24 Feb 2019 at 06:51hrs | 2 | by Staff reporter
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: 23 Feb 2019 at 09:09hrs | 1 | by Dr Masimba Mavaza
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 | 18 | by Zimwara
Zimbabwe's New Currency: If your Government is honest here is the Solution
Let me sell you a million dollar worth of game for a dollar ninety-nine, The economic data released by the government at the end of the fourth quarter shows we aren't deep in the quagmire as we think ...Published: 05 Jan 2019 at 08:34hrs | | by Simplisio Mudzingwa Muvunde
Zimbabwe cash problems will not be solved by using foreign monies alone
It is true that businesses in Zimbabwe discuss major business deals and even small purchases with the cost listed in US dollars, even when the US is not involved in the transaction. The US dollar is v...Published: 06 Dec 2018 at 18:53hrs | 3 | by Dr Masimba Mavaza
You shall not crucify Zimbabwe on a cross of bond notes
RECENT dramatic events arising from allegations that certain officials of the Reserve Bank of Zimbabwe (RBZ) have been involved in currency malfeasance using the bond note as their lever to execute tr...Published: 03 Nov 2018 at 08:08hrs | 10 | by Colls Ndlovu
Cabinet: part of an elaborate hoax
The Cabinet being sworn-in today suffers a lot of previous co-morbidities and dirty baggage. An illegitimate President cannot put two fresh apples in a rotten basket and hope to produce a clean basket...Published: 10 Sep 2018 at 09:43hrs | 1 | by Nkululeko Sibanda
Mnangagwa accused of 'name bombing'
Smarting from his failure to wrestle power from Zanu-PF, the main opposition MDC Alliance leader Nelson Chamisa has poured cold water on rave views on Mnangagwa's government cabinet appointments sayin...Published: 08 Sep 2018 at 20:51hrs | | by Staff reporter
Chamisa issues a statement on Mnangagwa's Cabinet
Zimbabwe is naturally endowed with beauty and brains. The Declared-President Mnangagwa cannot put lipstick on a pig and then declare it Miss Zimbabwe. An illegitimate President cannot put two fresh ap...Published: 08 Sep 2018 at 20:46hrs | | by MDC Alliance
Mnangagwa must act fast to salvage legacy
In his short, to the point, inauguration speech, President Emmerson Mnangagwa dwelt at length on his quest for free, fair, credible and non-violent elections. The non-violence was supposed to be a fea...Published: 30 Aug 2018 at 06:27hrs | | by Tapiwa Nyandoro
Corporate boardrooms: Where are the women?
A lack of diversity afflicts most companies' boardsWhen a woman rises to the top rung of the traditionally all-male corporate ladder in Africa, it's fro...Published: 15 Jan 2018 at 15:55hrs | 2 | by Kwamboka Oyaro
Zimbabwe cash problems will not be solved by using foreign monies alone
It is true that businesses in Zimbabwe discuss major business deals and even small purchases with the cost listed in US dollars, even when the US is not involved in the transaction. The US dollar is v...Published: 14 Jan 2018 at 07:09hrs | 3 | by Dr Masimba Mavaza
Zimbabwe Afrobarometer findings: A few points to consider
RECENT Afrobarometer survey findings in Zimbabwe created a firestorm of reaction in the news media and on social media – a fact for which we think Zimbabweans should congratulate themselves. A willi...Published: 07 Jul 2017 at 06:28hrs | 1 | by Brian Howard and Carolyn Logan.
Zimbabwe seeks bond notes loan top up
Zimbabwe is negotiating for an expansion of the $200 million export incentive facility from the Afreximbank that was used as an anchor for bond notes as the central bank scrambles for a solution to th...Published: 02 Jul 2017 at 10:27hrs | | by Staff reporter
'Mugabe key in judicial appointments'
There is need to involve elected persons such as the President when making key judicial appointments like that of Chief Justice, Deputy Chief Justice and Judge President, legislators have said. ...Published: 08 Jun 2017 at 06:33hrs | | by Staff reporter
China plotting new International currency for Zimbabwe?
COLOGNE– In what appears to be a carefully calculated political move set to crystallize China's influence in Africa and Harare, Beijing is reportedly plotting to help President Robert Mugabe's admin...Published: 07 Oct 2016 at 07:18hrs | 4 | by Itai Mushekwe
RBZ sued over 'standardised gold coins' currency
The Reserve Bank has been dragged to the Constitutional Court by an individual who claims that the bank declined the self-proclaimed research scientist's proposal to introduce standardised gold coins ...Published: 28 Apr 2016 at 06:57hrs | 1 | by Business Reporter
Zimbabwe's daily Friday the 13th
IT is but a coincidence that on a day, which I want to highlight the destructive nature of endemic and pervasive corruption in our country Zimbabwe, it is the metaphorical Friday the Thirteenth....Published: 13 Nov 2015 at 20:34hrs | 2 | by Welshman Ncube
MSF hosts first-ever scientific day in Harare
For the first time-ever, Medecins Sans Frontieres / Doctors Without Borders (MSF) is hosting a scientific day on African soil - here in Zimbabwe.Researchers from different countries where MSF ...Published: 15 May 2015 at 12:49hrs | 1 | by Stephen Jakes
Load More Stories
