Search / Pegged exchange rate
Chamisa slams Zimbabwe govt's currency board plan
Opposition leader Nelson Chamisa has strongly criticized the government's proposed introduction of a currency board as an attempt to revive the struggling Zimbabwe dollar, stating that it will ultimat...Published: 16 Feb 2024 at 07:42hrs | 2 | by Staff reporter
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 12 | by Kevin Tutani
Zimbabwe central bank considers currency board
ZIMBABWE is considering establishing a currency board to support the Zimbabwean dollar, as inflation surges.The southern African country is fast moving back into a hyperinflationary crisis, ab...Published: 12 Aug 2022 at 20:19hrs | 20 | by Staff reporter
Monetary policy inconsistency sinking economy
On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state ...Published: 08 Jun 2022 at 07:19hrs | 2 | by Victor Bhoroma
2022 Post Budget Analysis
The Zimbabwean government presented a ZW$927.3 billion budget (18% of GDP) for the 2022 fiscal year. The government expects to collect revenues totaling ZW$850.7 billion (17% of GDP), thus resulting i...Published: 13 Dec 2021 at 09:11hrs | 9 | by Victor Bhoroma
Pegged exchange rate unsustainable
Zimbabwe's export receipts for the first 9 months of 2021 jumped 38% to US$6.10 billion from US$4.43 billion realized in the same period in 2020. Notable improvements have been realized in internation...Published: 24 Nov 2021 at 10:37hrs | 13 | by Victor Bhoroma
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 19:03hrs | 12 | by Victor Bhoroma
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 | 13 | by Port Louis Riverfront, Mauritius
Profiteering supermarkets peg prices at parallel market rates
SUPERMARKETS are profiteering by pegging prices of basic commodities at the black market rate and transacting United States dollar purchases using the government instituted foreign currency auction ra...Published: 28 May 2021 at 07:58hrs | | by Staff reporter
Proudly made in Zimbabwe
The advent of globalization has demonstrated that each country has expertise in a certain trade and there are commodities that resonate with certain countries more than others. It is often argued that...Published: 02 Feb 2021 at 00:25hrs | 5 | by Victor Bhoroma
Mangudya stabilizes market and prices through Foreign exchange auction
The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bi...Published: 26 Aug 2020 at 13:30hrs | 10 | by Tinashe Eric Muzamhindo
Load More Stories
