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Zimbabwe, global de-dollarisation case study - Prof Ncube
Zimbabwe is undergoing a de-dollarisation process that very few countries have successfully implemented and will need time to address the lingering effects of dollarisation, Finance and Economic Devel...Published: 18 Nov 2019 at 06:32hrs | 946 | by Staff reporter
Mthuli Ncube hails RBZ swift action on CBZ, Ecobank
Finance and Economic Development Minister Professor Mthuli Ncube has praised the Reserve Bank of Zimbabwe (RBZ) for swiftly acting against two banks alleged to have allowed their depositors to make wi...Published: 18 Nov 2019 at 06:26hrs | 1521 | by Staff reporter
Nothing amiss in cash withdrawals above stipulated limits, Mangudya
Reserve Bank of Zimbabwe Governor, Dr John Mangudya, says there is nothing amiss in depositors withdrawing cash above stipulated limits as exemptions are normal in the financial services sector....Published: 15 Nov 2019 at 19:21hrs | 5032 | by Staff reporter
ZANU PF Youth leader calls for Mthuli Ncube to resign
ZANU PF Youth League National Commissariat Godfrey Tsenengamu says the Youth League will be marching to the Reserve Bank of Zimbabwe on Monday to push for the resignation of Governor John Mangudya and...Published: 15 Nov 2019 at 09:20hrs | 8910 | by Mandla Ndlovu
Zimbabwe to enforce 'use it or lose it' policy for mining assets
Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, Mines minister Winston Chitando said on Wednesday.Ch...Published: 15 Nov 2019 at 06:32hrs | 387 | by Staff reporter
Can new Zimdollar relieve the chronic cash crunch?
Gason Mukuvadzi, a lanky man with boyish looks, sits behind a makeshift desk in Mbare's Mupedzanhamo centre. An umbrella canvas shelters him from the blistering sun as he waits for customers looking t...Published: 15 Nov 2019 at 06:19hrs | 280 | by Staff reporter
Ecobank, CBZ fingered in new notes, coins withdrawal scandal
THE Reserve Bank of Zimbabwe (RBZ) has said appropriate disciplinary measures will be taken against Ecobank Zimbabwe and CBZ Bank after two clients withdrew $15 000 and $44 180 respectively from the t...Published: 15 Nov 2019 at 06:14hrs | 562 | by Staff reporter
Ecobank in hot soup over cash abuse
Reserve Bank of Zimbabwe (RBZ) says Ecobank is responsible for releasing the wads of brand new notes circulating on social media. RBZ Governor Dr John Mangudya has this afternoon indicated tha...Published: 14 Nov 2019 at 17:10hrs | 3225 | by Staff Reporter
Let's give the MPC time to deliver
The newly constituted Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (RBZ) had its inaugural meeting on the 28th and 29th of October 2019. This was another milestone for the Central B...Published: 14 Nov 2019 at 12:41hrs | 1541 | by Nathan Chikara
New notes, coins hit Bulawayo
EXCITED depositors yesterday flocked to their banking halls in Bulawayo to withdraw new notes and coins following the cash injection on Monday into the formal system by the Reserve Bank of Zimbabwe (R...Published: 14 Nov 2019 at 05:33hrs | 2208 | by Staff reporter
Once cash economy is taxed, who needs cash
There never was any possibility of keeping the bulk of the new notes and coins out of the informal sector, or at least the bulk of the first batches released to banks, since the main reason why most p...Published: 14 Nov 2019 at 05:28hrs | 533 | by Staff reporter
New notes and coins won't cause inflation, RBZ
Bank notes and coins introduced early this week to satisfy legitimate demand for coins and small notes will not fuel inflation, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has said....Published: 13 Nov 2019 at 16:58hrs | 1592 | by Staff reporter
Huge demand for cash
Depositors, who formed long queues at banks and building societies, were withdrawing new coins and notes yesterday after the Reserve Bank of Zimbabwe (RBZ) released the first $30 million on Monday, bu...Published: 13 Nov 2019 at 06:25hrs | 746 | by Staff reporter
Zimbabweans angered by $300 bank withdrawal limits
Zimbabweans finally got access to new low-denomination currency on Tuesday that authorities hope will end chronic cash shortages, but banks maintained an existing weekly withdrawal limit of $300 (US$2...Published: 12 Nov 2019 at 18:08hrs | 4008 | by Staff reporter
Zimbabwe banks begin disbursing new notes
Depositors in Harare have started accessing new notes as promised by the Reserve Bank of Zimbabwe Governor, Dr. John Mangudya.A snap survey in Harare's Central business district revealed that ...Published: 12 Nov 2019 at 17:50hrs | 1103 | by Staff reporter
RBZ seeks to raise $300m through TBs
GOVERNMENT is seeking to raise another $300 million through Treasury Bills (TBs) to finance its programmes, a month after issuing a sovereign paper with the same amount.In a statement yesterda...Published: 12 Nov 2019 at 07:22hrs | 183 | by Staff reporter
New notes and coins out today
Commercial banks collected $30 million of new notes and coins yesterday from the Reserve Bank of Zimbabwe and account holders should be able to start accessing their $300 weekly cash withdrawal ration...Published: 12 Nov 2019 at 07:10hrs | 312 | by Staff reporter
Cash withdrawals begin today
Commercial banks were collecting $30 million new notes and coins yesterday from the Reserve Bank of Zimbabwe (RBZ) and account holders should be able to start accessing their $300 weekly cash withdraw...Published: 12 Nov 2019 at 07:05hrs | 585 | by Staff reporter
Banks start collecting new notes from RBZ
BANK customers will be able to access cash at institutions they bank with starting tomorrow morning after the Reserve Bank of Zimbabwe began dispensing notes and coins to all banks across the country,...Published: 11 Nov 2019 at 20:32hrs | 1714 | by Staff reporter
Currency reforms can work if Zimbabweans want them to
YESTERDAY (November 11, 2019) the Reserve Bank of Zimbabwe (RBZ) started the process of injecting new notes into the financial system to improve the level of physical cash in circulation.This ...Published: 10 Nov 2019 at 08:55hrs | 782 | by Anthony Matutu
Zimbabwe's money merry go-round
Zimbabwe is trying everything in the book to address a currency crisis that has undermined its productive capacity and threatened its economic sustainability. But its measures so far seem to have had ...Published: 10 Nov 2019 at 08:45hrs | 245 | by Staff reporter
Policy inconsistency dogs economy
ZIMBABWE is again back in the jaws of policy inconsistency and discord, which characterised the late president Robert Mugabe's administration, pushing away foreign direct investment as a result, analy...Published: 10 Nov 2019 at 08:44hrs | 78 | by The Standard Editorial comment
Zimbabwe banks start issuing new notes, coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow release the new Zimbabwe dollar notes and coins into the market, with depositors set to start withdrawing limited amounts when banks open in the mornin...Published: 10 Nov 2019 at 08:30hrs | 974 | by Staff reporter
All set for stable Zimdollar
As the Reserve Bank of Zimbabwe releases $2 coins into circulation tomorrow ahead of the introduction of $2 and $5 Zim-dollar notes, Finance and Economic Development Minister Professor Mthuli Ncube is...Published: 10 Nov 2019 at 08:22hrs | 647 | by Staff reporter
Mthuli Ncube vows to defend Zimdollar
Finance and Economic Development Minister Professor Mthuli Ncube, has vowed to defend the stability and value of the Zimbabwe dollar against other (especially major) currencies to address concerns ove...Published: 06 Nov 2019 at 11:30hrs | 1764 | by Staff reporter
Govt splashing US$ 16m on new cars for ministers - still feeding blackholes, what a waste
"The Minister gave me an assignment about the purchase of Ministers' vehicles and we have agreed with the supplier of vehicles. We are going to buy these vehicles through a letter of credit so that yo...Published: 05 Nov 2019 at 12:35hrs | 1240 | by Wilbert Mukori
RBZ removes 'Bond Note' inscription on new currency
THE Reserve Bank of Zimbabwe (RBZ) has released the main features of the country's new currency effectively re-designated in June but having had its place held by the surrogate bond notes indicating t...Published: 05 Nov 2019 at 06:49hrs | 7373 | by newzimbabwe
Confusion over 'new currency'
CONFUSION reigns supreme ahead of the introduction of new coins and bank notes of the Zimbabwe dollar with the Reserve Bank of Zimbabwe (RBZ) yesterday releasing a statement that it will be injecting ...Published: 05 Nov 2019 at 06:49hrs | 2407 | by Staff reporter
$2 coins issuance date set
THE Reserve Bank of Zimbabwe (RBZ) will issue two-dollar coins on Monday next week and these will circulate alongside the two-dollar bond note, the Governor, Dr John Mangudya, said yesterday. ...Published: 05 Nov 2019 at 06:44hrs | 516 | by Staff reporter
Air Zimbabwe to receive two Malaysian planes
BELEAGUERED national flag carrier, Air Zimbabwe will soon take delivery of two aircrafts bought under a controversial arrangement that at the time reportedly involved now Minister in the Office of the...Published: 04 Nov 2019 at 05:52hrs | 835 | by newzimbabwe
New Zimbabwe $2, $5 notes identity revealed
The government has gazetted the features of the new Zimbabwe dollar notes that are expected to be injected into the system in the coming days.Reserve Bank of Zimbabwe (RBZ) governor John Mangu...Published: 03 Nov 2019 at 06:52hrs | 17922 | by Staff reporter
RBZ releases new notes specimens
SPECIMENS for new notes and coins to be introduced later this month will start being circulated as from tomorrow to give members of the public enough time to familiarise themselves with the money....Published: 03 Nov 2019 at 06:40hrs | 4585 | by Staff reporter
It's proper bank notes, not new currency
Many could have mistaken plans by the Reserve Bank of Zimbabwe (RBZ) to introduce new notes and coins next week for the introduction of a completely new currency which is not the Zimbabwe dollar....Published: 03 Nov 2019 at 06:34hrs | 673 | by Staff reporter
Shepherd Tundiya discharged in Goddard case
KWEKWE businessman Shepherd Tundiya, who was facing allegations of coercing the director of JR Goddard Contracting (Pvt) Ltd to withdraw a criminal abuse of office report he made against four members ...Published: 02 Nov 2019 at 07:01hrs | 220 | by Staff reporter
Biti tells Mnangagwa to resign or face impeachment
PRESIDENT Emmerson Mnangagwa has failed to turn around the country's economic as well as political fortunes and this calls for his resignation, former Finance Minister Tendai Biti has said.Bit...Published: 01 Nov 2019 at 21:40hrs | 7349 | by newzimbabwe
The Zimbabwe dollar won't gain any confidence
Reserve Bank of Zimbabwe governor John Mangudya announced this week the introduction in a fortnight of new currency notes. Mangudya said the denominations, comprising of ZW$2 and ZW$5 notes and $2 bon...Published: 01 Nov 2019 at 06:47hrs | 1156 | by Faith Zaba
Mnangagwa's govt scrambles to save US$1bn Chinese deals
GOVERNMENT officials were this week nervously scrambling to salvage three big Chinese-funded infrastructural projects totalling US$1,324 billion, which are on the verge of collapse after US$10 million...Published: 01 Nov 2019 at 06:44hrs | 799 | by Staff reporter
Zimbabwe economy set to shrink 6,5%
Zimbabwe's economy is set to shrink by 6,5% this year – its first contraction in a decade — after a drought and power shortages, the Finance minister said yesterday.Power generation could ...Published: 01 Nov 2019 at 06:37hrs | 229 | by Reuters
10-member cartel fuels price hikes in Zimbabwe
THE Speaker of the National Assembly, Advocate Jacob Mudenda, yesterday said wanton price hikes in the country are caused by a cartel of 10 people. Giving a keynote address at the 2019 Pre-Bud...Published: 01 Nov 2019 at 06:30hrs | 1789 | by Staff reporter
RBZ to inject $1 billion new coins, notes
Cash in circulation will slightly more than double over the next six months, as the Reserve Bank of Zimbabwe (RBZ) injects an extra $1 billion to satisfy legitimate demand for coins and small notes, b...Published: 01 Nov 2019 at 06:24hrs | 620 | by Staff reporter
Zimbabwe trade deficit narrows 66%
ZIMBABWE'S trade deficit, which represents an outflow of domestic currency to foreign markets, narrowed by 66% to US$670 million between February and September this year compared to the same period la...Published: 31 Oct 2019 at 07:21hrs | 307 | by Staff reporter
New Zimdollar notes and coins explained
The Reserve Bank of Zimbabwe (RBZ) will introduce new bank notes and coins to be used together with the bond notes in the next two weeks. Said RBZ governor Dr John Mangudya at the inaugural pr...Published: 31 Oct 2019 at 07:13hrs | 1670 | by Staff reporter
It's not a new currency, says Mthuli Ncube
FINANCE Minister Mthuli Ncube Tuesday said the country was not introducing a new autonomous currency as widely reported within local media but was only introducing a new family of domestic notes to wo...Published: 30 Oct 2019 at 07:47hrs | 5385 | by newzimbabwe
Mangudya speaks on frozen accounts
Zimbabwe can expect a more stable exchange rate and prices going forward after the Reserve Bank of Zimbabwe (RBZ) froze bank accounts holding idle funds that were being used to speculate on currency. ...Published: 30 Oct 2019 at 05:50hrs | 2308 | by Staff reporter
New $5 notes, $2 coins to stop cash barons
New $5 notes and $2 coins will be in circulation within a fortnight to ease cash shortages that have resulted in cash barons charging premiums of up to 60 percent and the unscrupulous breaking of the ...Published: 30 Oct 2019 at 05:48hrs | 3050 | by Staff reporter
More cash barons' bank accounts frozen
THE Reserve Bank of Zimbabwe (RBZ) has said it has frozen idle funds in bank accounts that were being used to hurt the domestic currency and driving price increases and exerting pressure on inflation....Published: 29 Oct 2019 at 17:14hrs | 3833 | by Staff reporter
BREAKING: RBZ to unveil Zim Dollar in two weeks
Reserve Bank of Zimbabwe Governor John Panonetsa Mangudya has announced that the Central Bank will unveil the new Zimbabwean Dollar Currency in the next two weeks. The notes will be in $2 and ...Published: 29 Oct 2019 at 13:06hrs | 10891 | by Mandla Ndlovu
Forex market stabilising: RBZ
According to the Reserve Bank of Zimbabwe in its mid-term Monetary Policy Statement, activity on the interbank foreign exchange market has increased since its introduction in February 2019. Th...Published: 29 Oct 2019 at 06:35hrs | 1305 | by Staff reporter
Biti approved funding of Command Agriculture he is bashing
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya last week produced evidence in Parliament which suggests that former Finance Minister Tendai Biti approved the funding of Government's agricult...Published: 28 Oct 2019 at 06:35hrs | 2009 | by Staff reporter
Mnangagwa regime's attempt to mis-locate Zimbabwe's problems
Today, the regime in Zimbabwe has bussed the hapless victims of its unmitigated cluelessness in a vain attempt to mis-locate the country's problems in far-away Europe and Washington.As the hun...Published: 26 Oct 2019 at 07:54hrs | 876 | by Luke Batsirai Tamborinyoka
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