Search / Parallel market premium
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 180 | by Staff reporter
Zimbabwe govt squeezes miners for more forex
Zimbabwe's mining industry is facing increased strain as government departments intensify demands for miners to pay taxes and fees in foreign currency-on top of the mandatory 30% surrender of ex...Published: 16 Jun 2025 at 14:48hrs | 197 | by Staff reporter
Zimbabwe ZWG yearly inflation hits 85%
The Confederation of Zimbabwe Industries (CZI) has raised alarm over the country's ZWG inflationary trends, which it says are not aligning with current market interventions, suggesting that Zimbabwe i...Published: 08 May 2025 at 09:57hrs | 305 | by Staff reporter
RBZ's market-determined exchange rate spurs ZiG stability
The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...Published: 04 May 2025 at 09:15hrs | 811 | by Staff reporter
World Bank implores Zimbabwe to maintain tight money supply
The World Bank has urged Zimbabwe to maintain its tight monetary policy stance and resist spending pressures to control inflation and ensure lasting exchange rate stability.Inflation in Zimbab...Published: 17 Feb 2025 at 09:00hrs | 257 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 104 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2670 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3928 | by Staff reporter
'Zimbabwe inflation rate at 747%'
ZIMBABWE'S annual inflation could be over 20 times higher than the official rate of 34,8%, an independent advisory estimated this week, as it gave glimpses into fundamentals behind deeper turbulence c...Published: 16 Feb 2024 at 15:22hrs | 2 | by Staff reporter
World Bank hails Zimbabwe's tight Monetary Policy stance
THE World Bank (WB) has commended the Reserve Bank of Zimbabwe (RBZ) for putting in place a tight Monetary Policy alongside other interventions which have managed to ease inflationary pressures....Published: 14 Dec 2023 at 03:57hrs | 2 | by Staff reporter
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 135 | by Staff reporter
Zimbabwe business jittery as electioneering goes a gear up
The business community fears that the government could resort to exchange rate control to manage inflation and price increases. Picture: Shepherd TozvirevaZimbabwean businesses fear that Presi...Published: 25 Jun 2023 at 09:37hrs | 1 | by Staff reporter
Zimbabwe consumers in a fix
As Zimbabweans continue to battle with a failing economy, increases in prices of basic commodities has pushed many into abject poverty.A recent survey conducted by Standardbusiness indic...Published: 18 Jun 2023 at 08:40hrs | | by Staff reporter
Mnangagwa's govt told to introduce higher denomination banknotes
GOVERNMENT has been urged to issue banknotes with higher denominations to make it easier for people to transact.Currently, the $100 note is the highest banknote in the country, but it has been...Published: 16 Jun 2023 at 07:58hrs | 2 | by Staff reporter
Zimdollar on the verge of complete rejection
THE Zimbabwe dollar, which was reintroduced by the Reserve Bank of Zimbabwe (RBZ) in 2019, is on the verge of collapse and complete market rejection.The local unit is incessantly plummeting ag...Published: 16 Jun 2023 at 07:54hrs | 2 | by Zimbabwe Coalition on Debt and Development
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 3 | by Staff reporter
Zimdollar stares fresh setbacks as crisis deepens
ZIMBABWE'S currency will continue depreciating in the coming months, as multiple headwinds exert pressure on the unit, which surrendered 34% of its value to the United States dollar in April, accordin...Published: 12 May 2023 at 06:06hrs | 1 | by Staff reporter
Zimbabwe's local currency hits new low
The Zimbabwe dollar (ZWL), the local currency of Zimbabwe, has kept losing ground against the U.S. dollar.After hovering just below 1,000 to the U.S. dollar on the Reserve Bank of Zimbabwe (RB...Published: 23 Apr 2023 at 08:00hrs | 4 | by Staff reporter
Zimdollar tanks
THE ZWL value breached the US$1: ZWL1,000 mark on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction this week in a development moving towards closing the gap created by the official market r...Published: 20 Apr 2023 at 07:39hrs | 1 | by Staff reporter
Zimdollar plunges 53%
UNCERTAINTY over Zimbabwe's growth prospects deepened this week, after a leading advisory said its currency had shed 58% of its value in the first quarter.It was a continuation of negative dev...Published: 14 Apr 2023 at 19:48hrs | 2 | by Staff reporter
Zimdollar official rate converges with black market premium on RBZ Auction
THE Zimdollar official exchange rate has converged with the parallel market premiums while at the same time falling within internationally acceptable margins the Reserve Bank of Zimbabwe (RBZ) Foreign...Published: 15 Feb 2023 at 05:04hrs | | by Staff reporter
Zimdollar depreciates by 5, 8% on the RBZ Foreign Exchange Auction
THE Zimdollar value has depreciated by 5, 8% against the greenback on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction.Market watchers believe the development is a positive step whi...Published: 23 Aug 2022 at 19:49hrs | 3 | by Staff reporter
Towards a market driven foreign exchange market
The Monetary Policy Committee (MPC) of the central bank made a press statement on the 1st of April to address the depreciation of the local currency and manage the rate of inflation in the economy. Th...Published: 12 Apr 2022 at 16:46hrs | 11 | by Victor Bhoroma
Mthuli Ncube's economic projections unrealistic
ECONOMIC analysts have dismissed Finance minister Mthuli Ncube's inflation and economic growth forecasts as unrealistic as they did not factor in the rising global oil crisis and the country's gallopi...Published: 25 Mar 2022 at 06:03hrs | 1 | by Staff reporter
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
Zimbabwe's annual inflation seen spiking to 105%
OLD Mutual has projected that Zimbabwe's inflation will close the year at 105%, way above what was anticipated by authorities.The central bank projected the country's annual inflation ra...Published: 10 Mar 2022 at 06:10hrs | | by Staff reporter
ZSE inches closer to $2 trillion
MARKET capitalisation on the Zimbabwe Stock Exchange (ZSE) inched closer to $2 trillion on Monday, after gaining 40% since the beginning of the year, according to official data.As of yesterday...Published: 09 Mar 2022 at 07:01hrs | 3 | by Staff reporter
CZI calls for market determined exchange rate
THE Confederation of Zimbabwe Industries (CZI) has called on the Government to explore modalities of a market-determined exchange rate to promote enabling environment for business to operate in....Published: 09 Mar 2022 at 06:55hrs | | by Staff reporter
CZI urges RBZ to fine tune auction
The Confederation of Zimbabwe Industries (CZI) says the Reserve Bank of Zimbabwe (RBZ) should only sell foreign currency that it has already received to avoid creating backlogs from auctioning unreali...Published: 03 Feb 2022 at 05:34hrs | | by Staff reporter
Drug prices skyrocket
ZIMBABWEAN drug retailers are selling medicine using exchange rates of between US$1:$220 and US$1:$230, sparking fears that the sector could become one of the driving forces behind an extensive deprec...Published: 29 Dec 2021 at 05:25hrs | 12 | by Staff reporter
RBZ starts clearing auction forex backlog
The Reserve Bank of Zimbabwe (RBZ) yesterday says it has started the process to clear nearly US$200 million of the foreign currency backlog on the auction market after receiving the requisite funds fr...Published: 17 Nov 2021 at 05:07hrs | 6 | by Staff reporter
Zimbabwe revises inflation target
FINANCE and Economic Development minister Mthuli Ncube increased annual inflation targets to between 35% and 46% at the weekend, saying pressures from rocketing international food and oil prices were ...Published: 26 Oct 2021 at 08:02hrs | 9 | by Staff reporter
Black market records steepest annual rise
THE parallel market exchange rate rocketed by 27% during the third quarter (3Q) of this year, marking its steepest ever growth in one year, researchers at Inter Horizon Securities (IH) said at the wee...Published: 18 Oct 2021 at 06:30hrs | 1 | by Staff reporter
CZI warns of imminent Zimdollar collapse
THE Confederation of Zimbabwe Industries (CZI) has warned that the local currency faces imminent collapse and called on government to come up with alternative policy measures to restore confidence in ...Published: 13 Oct 2021 at 06:10hrs | 2 | by Staff reporter
Zimdollar market correction
A MAJOR highlight of this week's auction is the magnitude of currency depreciation. The Zimbabwean dollar (Zimdollar) weakened by the highest weekly margin since the beginning of the year, a strong si...Published: 08 Oct 2021 at 19:03hrs | 6 | by Respect Gwenzi
Govt to adequately fund forex auction system
The Second Republic will leave no stone unturned in its endeavour to turnaround the economy and will ensure that the foreign currency auction system is adequately funded and that the relevant authorit...Published: 08 Oct 2021 at 06:25hrs | 4 | by Staff reporter
RBZ sees sustained inflation decline
THE Reserve Bank of Zimbabwe (RBZ) expects the annual inflation rate to keep falling until year-end, but has revised upwards its December 2021 target to between 36 percent and 53 percent, from 25 perc...Published: 03 Oct 2021 at 08:10hrs | | by Staff reporter
Reserve Bank panics as exchange rates spiral
MONETARY authorities revised annual inflation targets upwards on Monday before lining up a sea of fresh policy proposals to government, as they scurried to stem a "worrisome" surge in parallel market ...Published: 01 Oct 2021 at 08:02hrs | 3 | by Staff reporter
Zimbabwe set for US$1,1 billion current account surplus
ZIMBABWE's current account is projected to register a stronger surplus position of about US$1, 091 billion this year, higher than the initial projection of US$611,5 million, the Reserve Bank of Zimbab...Published: 01 Oct 2021 at 07:52hrs | 2 | by Staff reporter
Mthuli Ncube walks tightrope
ZIMBABWE'S industries have asked Treasury to inject funding into the central bank's forex auction system to help it clear backlogs of up to two weeks and clear market distortions.Confederation...Published: 09 Jul 2021 at 12:07hrs | 1 | by Staff reporter
RBZ, business set for showdown over Statutory Instrument 127 of 2021
The Confederation of Zimbabwe Industries (CZI) wants the government to suspend the "heavy handed" decree promulgated last week as it has the potential to kill market confidence. Statutory Inst...Published: 03 Jun 2021 at 08:38hrs | | by Staff reporter
Corrupt firms banned from the forex auction
GOVERNMENT has suspended 12 companies allegedly involved in transfer pricing from the foreign exchange auction system on suspicion they channel part of the funds from the auction to the parallel marke...Published: 05 Mar 2021 at 06:36hrs | 1 | by Staff reporter
'Zimbabwe inflation fall no cause for celebration'
ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high."The ...Published: 15 Jan 2021 at 07:49hrs | 1 | by Staff reporter
Zimbabwe inflation calculation deferred till 2020
ZIMBABWE has suspended calculation and publication of annual inflation rates until February next year to rebase consumer prices indices, after reintroducing local currency, to ensure that the data ref...Published: 02 Aug 2019 at 08:17hrs | 1 | by Staff reporter
Zimbabwe will have a regulated, transparent foreign currency market
As we work to put Zimbabwe's economy back on its feet, recovery is the word. The Zimbabwean financial situation, its industry, its businesses, have all been in a state of stagnation for far too long. ...Published: 28 Feb 2019 at 06:14hrs | 1 | by Prof Mthuli Ncube
Mangudya expected to tackle fiscal rot
CENTRAL bank chief John Mangudya will have to make bold monetary policy decisions or risk the country sliding back into hyperinflation, analysts say.Mangudya, who is yet to present his much-an...Published: 08 Feb 2019 at 08:51hrs | 1 | by Staff reporter
US$ black market rate spirals
Exchange rates on Zimbabwe's parallel market have risen sharply in the past week to 100% for real time gross settlement (RTGS) transfers, triggering fears of more price increases.Zimbabwe's ch...Published: 18 Sep 2018 at 07:42hrs | | by Staff reporter
Mnangagwa blamed for failure to address 'legitimacy' issues, prices soar
THE prices of basic commodities have risen sharply since elections held on July 30 to levels that are too high for a dollarised economy.The bout of inflation is blamed on excessive government ...Published: 04 Sep 2018 at 06:50hrs | | by Staff reporter
Continuous importation of forex fuels Zimbabwe blackmarket
ANALYSTS agree that the continuous importation of hard cash into the economy will not improve the prevailing cash shortages in the country, but further fuel the parallel market.This comes as R...Published: 11 Jul 2018 at 07:20hrs | | by Staff rpeorter
Zimbabwe inflation to quicken, says IMF
THE International Monetary Fund (IMF) predicts Zimbabwe's inflation to quicken, in light of the recent price increments and high premiums on the parallel market.This comes as the IMF has liste...Published: 31 Oct 2017 at 04:59hrs | 21 | by Staff reporter
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