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Cross, Ncube's reforms will never deliver economic prosperity not as long as Zimbabwe remains a pariah state
"People of Zimbabwe deserve a new day" wrote Eddie Cross in Bulawayo24. Mr Cross was writing about Zimbabwe's economic chaos, the country has already claimed the position of being the poorest ...Published: 42 mins ago | 138 | by Patrick Guramatunhu
Can Zimbabwe learn from history, the pain of yesteryear?
CENTRAL bank opens up currency trading, reads a headline in a State-owned daily newspaper. The Reserve Bank of Zimbabwe (RBZ) has liberalised the foreign currency market by introducing an interbank tr...Published: 2 hrs ago | 297 | by Editorial - newsday
RBZ sets rate of 2.50 for devalued RTGS dollars
Zimbabwe's new currency is expected to begin trading at around 2.5 to the U.S. dollar, Central Bank Governor John Mangudya said on Friday, a significant devaluation as the regulator attempts to stem c...Published: 16 hrs ago | 2689 | by Reuters
Zimbabweans should accept that their balances have been devalued by 2.5 times, says Mthuli Ncube
The Reserve Bank of Zimbabwe has set the interbank rate at 2.5 to the US dollar to kick start its auction system. However its ability to sustain it at those levels depends, among others o...Published: 17 hrs ago | 8540 | by FinX
SA Airways suspends advance bookings
South African Airways has temporarily suspended the advance booking of air tickets following the Reserve Bank of Zimbabwe's (RBZ) monetary policy.In a statement, the company's acting regional ...Published: 18 hrs ago | 1167 | by Staff reporter
Zimbabwe forex dealers struck by fear
Illegal foreign currency (forex) dealers were on tenterhooks yesterday as they weighed their options in the wake of new measures by the RBZ that seek to eradicate parallel market activities. ...Published: 22 hrs ago | 11800 | by Staff reporter
RBZ to stabilise exchange rate
The Reserve Bank of Zimbabwe (RBZ) says it has put in place adequate safeguards to ensure stability of exchange rates after the apex bank this week floated the US dollar on the interbank market....Published: 22 hrs ago | 2638 | by Staff reporter
Unpacking floating of exchange rate by Zimbabwe
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Mangudya in his monetary policy statement liberalised the exchange rate that is, departing from the 1:1 position of the bond notes or real time gr...Published: 22 hrs ago | 836 | by Dr Mugano
Mangudya says 'I am guilty as charged' on bond notes
THE ZIMBABWE central bank governor Dr John Mangudya has admitted prejudicing the country’s exporters by exchanging their US dollar earnings at parity with the local bond note, when rates on the para...Published: 23 hrs ago | 5822 | by Staff reporter
Bond note, RTGS model didn't fail, says Mangudya
Following the announcement of the Monetary Policy Statement (MPS) by Reserve Bank of Zimbabwe governor John Mangudya (JM) this week that effectively liberalised the exchange rate between the US dollar...Published: 23 hrs ago | 1109 | by Staff reporter
People of Zimbabwe deserve a new day
ON Wednesday this week, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya presented a long-awaited monetary policy statement.This had been expected in January and was postponed several tim...Published: 23 hrs ago | 1053 | by Eddie Cross
Zimbabwe black market forex rate should drop to 60%
THE eagerly anticipated Monetary Policy Statement (MPS) for 2019 was finally delivered by the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday this week, the same day the budget stat...Published: 23 hrs ago | 1463 | by Brett Chulu
Zimbabwe financial markets serene after RBZ's monetary policy measures
MARKETS largely remained unperturbed following monetary policy measures announced this week that saw the central bank abandon its fixed exchange rate management system for a managed floating approach ...Published: 23 hrs ago | 1258 | by Staff reporter
Processed transactions value surge 62% to $151,75bn
Zimbabwe registered a 62% increase in the value of transactions processed on its payment system to $151,75 billion in 2018 from $93,83 billion in the prior year, driven mainly by real time gross settl...Published: 23 hrs ago | 44 | by Staff reporter
Zimbabwe banking sector stable, but assets quality deteriorates
ZIMBABWE'S banking sector remained generally stable and adequately capitalised during the year ended December 2018, but the quality of assets deteriorated as reflected by the increase in the average n...Published: 23 hrs ago | 90 | by Staff reporter
Diaspora remittances drop
DIASPORA remittances into Zimbabwe dropped by 11,4 percent in 2018 to $619, 2 million from $699 million received in the prior year, the Reserve Bank of Zimbabwe (RBZ) has said. Diaspora remitt...Published: 21 Feb 2019 at 22:49hrs | 2415 | by Staff reporter
Banking sector profits jump 61%
ZIMBABWE's banking sector has recorded a 61 percent jump in aggregate profits to $390 million for the year ended 31 December 2018 when compared to $242 million in 2017, according to the Reserve Bank o...Published: 21 Feb 2019 at 22:34hrs | 876 | by Staff repprter
Eddie Cross hails Monetary Policy Statement
ECONOMIST and former MDC legislator Mr Eddie Cross has hailed the 2019 Reserve Bank of Zimbabwe (RBZ) Monetary Policy Statement and believes it will play a major role in stabilising the pricing system...Published: 21 Feb 2019 at 22:32hrs | 2372 | by Staff reporter
Mangudya's retreat to safety is timely.....
Governor Mangudya has fundamentally been a good central banker, and perhaps that is why, just like yesterday afternoon, he frequently deflates the air of anticipation that precedes his scheduled polic...Published: 21 Feb 2019 at 21:03hrs | 1440 | by Staff reporter
Monetary policy, a huge leap towards safety
The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, yesterday took a huge positive leap towards healing the ailing economy when he devalued the bond note during his Monetary Policy Statement (...Published: 21 Feb 2019 at 21:02hrs | 558 | by Staff reporter
Employers not worried by bond notes, RTGS devaluation
The floating of RTGS dollars will have minimum effect on employers despite the rising inflation, which reached record levels since the introduction of the multi-currency regime 10 years ago, an employ...Published: 21 Feb 2019 at 21:02hrs | 1958 | by Staff reporter
MDC slams RBZ currency moves
Zimbabwe has "de-dollarised through the back door," the Movement for Democratic Change (MDC) said on Wednesday after the Reserve Bank of Zimbabwe unveiled its delayed Monetary Policy Statement....Published: 21 Feb 2019 at 20:56hrs | 875 | by ZimLive
Zimbabwe Communist Party statement on Monetary Policy
The underlying position of the ZCP on any government policy declaration including this one is neither to automatically oppose nor to automatically endorse. Our task is to defend the interests of the w...Published: 21 Feb 2019 at 19:04hrs | 1225 | by ZCP
PSL clubs in huge dilemma
Top flight sides have been put into a fix after the Premier Soccer League (PSL) yesterday announced that tomorrow is the deadline for provisional player registration ahead of this year's soccer season...Published: 21 Feb 2019 at 17:01hrs | 1122 | by Staff reporter
Chamisa opens up on Monetary Policy Statement
MDC leader Nelson Chamisa has described the Monetary Policy statement issued by RBZ Chief John Panonetsa Mangudya as a disaster that will destroy the livelihoods on Zimbabweans."The Monetary p...Published: 21 Feb 2019 at 12:31hrs | 10400 | by Mandla Ndlovu
RBZ's interbank forex policy failed miserably in 2008
Just in case folks out there start jumping up and down ululating and eulogising at the forex trading liberalisation policy announced by the RBZ, a cursory look at the country's...Published: 21 Feb 2019 at 11:14hrs | 2667 | by Colls Ndlovu
'Dzamara has a fake degree'
The Vice President of the Thokozani Khupe led MDC Obert Gutu has accused activist Patson Dzamara of possessing a fake Doctoral Degree.Gutu revealed that during a Twar with Dramara over the Mon...Published: 21 Feb 2019 at 09:23hrs | 5514 | by Mandla Ndlovu
'Monetary Policy Statement will bring sanity' says RBZ Governor - will not and never will as long as insane rule the roost
The primary objective of the Reserve Bank of Zimbabwe's (RBZ) long awaited Monetary Policy Statement was to bring sanity to Zimbabwe's chaotic economic world, especially the madness in financial and c...Published: 21 Feb 2019 at 09:14hrs | 1151 | by Nomusa Garikai
Mangudya is a thief, he has devalued people's salaries
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday announced the eagerly awaited monetary policy for 2019, in which he liberalised the trade of foreign currency and effectively declared t...Published: 21 Feb 2019 at 07:33hrs | 8993 | by Staff reporter
'Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (R...Published: 21 Feb 2019 at 07:13hrs | 1672 | by Staff reporter
Mangudya formally devalues the bond...introduces new currency
The RBZ officially introduced a new currency despite days of denial by the Zanu PF government including the Ministry of Finance and the RBZ.Again the Monetary statement fails to deal with the ...Published: 21 Feb 2019 at 06:38hrs | 2183 | by Jacob Mafume
Mangudya kills forex black market?
INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency p...Published: 20 Feb 2019 at 22:40hrs | 2907 | by Staff reporter
Price drop expected after exchange rate liberalisation
PRICES of most goods and services are expected to decline or stabilise in the short to medium term following the freeing up of the exchange rate, after the Reserve Bank of Zimbabwe floated the rate be...Published: 20 Feb 2019 at 22:39hrs | 1305 | by Staff reporter
Zimbabwe abandons the 1:1 rate
The Reserve Bank of Zimbabwe (RBZ) will introduce Foreign Currency Accounts (FCAs) that will be utilising the real time gross settlement system (RTGS) by the end of this month. This comes as t...Published: 20 Feb 2019 at 22:37hrs | 819 | by Staff reporter
Importation and exportation of currency by travellers into Zimbabwe
The importation and exportation of currency is governed by the Reserve Bank of Zimbabwe (RBZ) in terms of the Exchange Control Act [Chapter 22:05] as read with Exchange Control Regulations, Statutory ...Published: 20 Feb 2019 at 22:16hrs | 1117 | by Zimra
The current monetary policy review will worsen current fiscal imbalances
Background and Review It was trajectory, forex premiums is hurting Zimbabweans and hostile to business environment. FCA accounts have yielded positive r...Published: 20 Feb 2019 at 17:25hrs | 3832 | by Tinashe Eric Muzamhindo
RTGS is the electronic version of the bond note
Firstly, is the RBZ going to print the RTGS dollars or not? Either way the effect is the same because previously they created RTGS balances from thin air while physically printing bond notes. On...Published: 20 Feb 2019 at 16:37hrs | 6840 | by Colls Ndlovu
Full RBZ Monetary Policy statement.
THE Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against real time gross settlement balances (RTGS), bond notes and all currencies in the multi-currency basket, as i...Published: 20 Feb 2019 at 14:48hrs | 5912 | by RBZ
Zimbabwe introduces the RTGS Dollar currency
The much-awaited monetary policy statement presentation has come and gone in a few minutes. John Panonetsa Mangudya, the governor of the Reserve Bank of Zimbabwe, introduced the RTGS dollars as a curr...Published: 20 Feb 2019 at 14:26hrs | 9809 | by Ndou Paul
New currency announced
Zimbabwe has introduced a new currency called the RTGS Dollars, the Reserve Bank of Zimbabwe Chief John Panonetsa Mangudya said during the Monetary Policy Statement delivered on Wednesday. ...Published: 20 Feb 2019 at 13:47hrs | 28097 | by Mandla Ndlovu
Zimbabwe Monetary policy highlights - RTGs now a currency
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya released the long-awaited Monetary Policy Statement (MPS) and below are the highights.-Interbank FX market.- Being establish...Published: 20 Feb 2019 at 13:40hrs | 3726 | by Staff reporter
LIVE- All eye on Mangudya #MonetaryPolicyStatement speech
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will today (Wednesday) at 14:30hrs release the long-awaited Monetary Policy Statement (MPS). The market is eagerly waiting t...Published: 20 Feb 2019 at 12:16hrs | 10297 | by Staff reporter
Tendai Biti speaks on today's monetary policy statement
Former Minister of finance Tendai Biti says today's Monetary Policy Statement should devalue the Bondnotes and strengthen the multi currency regime that was introduces in 2009.Reserve Bank of ...Published: 20 Feb 2019 at 08:58hrs | 11030 | by Mandla Ndlovu
WATCH: Jonathan Moyo's farm collapses
Exiled former cabinet minister Professor Jonathan Moyo's Patterson Farm which was once hailed as having the best maize crops in Mashonaland Central is reportedly dilapidating due to the harsh economy ...Published: 20 Feb 2019 at 06:48hrs | 9776 | by Mandla Ndlovu
Disinformation and misinformation the new battlefront
EDITOR,The information age has brought with it many opportunities as well as challenges. Is it not ironic that in this digital age where information is supposed to be available at our fingerti...Published: 19 Feb 2019 at 22:38hrs | 789 | by Davison Kaiyo.
It's squeaky bum time for unsung Mangudya
Like many Manchester United fans around the world missing the good old days, I also regularly find myself reminiscing about the managerial prowess of Sir Alex Ferguson, whose inimitable success at one...Published: 19 Feb 2019 at 17:13hrs | 2995 | by Guthrie Munyuki
All eyes on Mangudya
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will tomorrow (Wednesday) release the long-awaited Monetary Policy Statement (MPS). And on Friday, Mangudya will meet various stakeh...Published: 19 Feb 2019 at 17:09hrs | 3614 | by Staff reporter
Mangudya to present a clear roadmap on currency reforms
The Reserve Bank of Zimbabwe may unveil the measures in its Monetary Policy Statement to be announced on Wednesday, said the official, who asked not to be identified because he's not authorised to spe...Published: 19 Feb 2019 at 16:48hrs | 4498 | by Staff reporter
Mangudya considering devaluing Zimbabwe bond notes
Zimbabwe's central bank is considering devaluing its quasi-currency as part of a raft of reforms to the nation's foreign-exchange system, according to a central bank official.Depreciating the ...Published: 19 Feb 2019 at 13:22hrs | 6855 | by Bloomberg
Zimbabwe inflation seen slowing down in October
ZIMBABWE'S central bank expects inflation to start slowing by October and believes current inflationary pressures are a temporary phenomenon despite hitting a 10-year high of 56,9 % in January....Published: 19 Feb 2019 at 08:28hrs | 312 | by Staff reporter
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