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RBZ restores RTGS system after technical fault

The Reserve Bank of Zimbabwe (RBZ) says it has restored the Real Time Gross Settlement (RTGS) system following a technical fault that disrupted transfers and some cross-border transactions since Tuesday.In a public notice issued yesterday,…

Published: 20 Aug 2025 at 18:16hrs | 330 | by Staff reporter

Zimbabwean dollar gaining value

Parallel market exchange rate responds to RBZ measuresTREASURY has been hailed for tightening screws on money supply growth in the market, in a move credited for stabilising the foreign currency exchange rate on the parallel market.The vol…

Published: 09 Aug 2022 at 17:57hrs | 186 | by Staff Reporter

Prioritise locals over Chinese contractors for the benefit of Zim economy

Kenyan law professor Patrick Lumumba gets animated when he talks about China's rising influence on the African continent where governments get blinded by their fraternal ties with the Communist Party to the point of ignoring despicable con…

Published: 30 Sep 2020 at 10:51hrs | 7 | by Anthony Matutu

Introducing a new currency was Zimbabwe's only viable option

Zimbabwe, the country I serve as finance minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our own currency, given such recent, home-m…

Published: 28 Aug 2019 at 18:24hrs | 2 | by Prof Mthuli Ncube

Destitute cops invade police station as Zim govt verges on collapse

Scores of police officers who have become homeless because they cannot afford rentals have pitched tents at Victoria Falls Police Station. The overwhelmed station allegedly sent an urgent SOS to government on Saturday and still awaits a re…

Published: 08 Jun 2019 at 19:50hrs | 16 | by Methusi Ncube

Making things simple

Finance Minister Mthuli Ncube has a droll sense of humour. He says he decided to name Zimbabwe's latest local currency the RTGS dollar so as not to confuse the public! Of course, even those in remote rural areas know that RTGS stands …

Published: 19 May 2019 at 21:20hrs | 2 | by ZimVigil

The Army is coming after you Mr. President, just like what happened to Omar al-Bashir in Sudan

The trigger for the demonstrations that brought the downfall of President Omar al-Bashir in April was the trebling of the price of bread last December. It came after a devaluation of the Sudanese pound in an effort to make the official rat…

Published: 18 May 2019 at 08:29hrs | | by Knowledge Hakata

Zimbabwe needs a serious president

Prices of commodities, insurances and basic food (basically everything) are skyrocketing but wages remain constant equating to the increase in suffering of the ordinary people. Do we deserve this much suffering, do we? I ask myself this qu…

Published: 12 May 2019 at 08:14hrs | 3 | by Dr Takesure Tazvishaya.

Can Zimbabwe manage to de-dollarize

The Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monitory Area (CMA), also referred to as the Rand Monitory Union (RMU)…

Published: 23 Apr 2019 at 15:18hrs | | by Victor Bhoroma

Why Mthuli Ncube's new currency is likely to be doomed

THE announcement by Finance minister Mthuli Ncube of his intention to introduce "a new, fully-fledged currency" in 12 months piqued the interest of the general public in Zimbabwe.It comes soon after the RTGS$ has just been introduced. Ther…

Published: 19 Apr 2019 at 11:08hrs | | by Martin Tarusenga

RTGS$ introduction inflicts further pensioner prejudice

MANY pensioners now being paid in Real-Time Gross Settlement (RTGS) dollars against their will have reported a drastic reduction in the purchasing power of their pensions.The RTGS$ is a new name given to bond notes, coins and electronic mo…

Published: 05 Apr 2019 at 09:58hrs | | by Martin Tarusenga

Mnangagwa sued over RTGS currency

Harare businessman and University of Zimbabwe (UZ) lecturer, Shakespear Hamauswa, has petitioned the High Court seeking a court order to declare unconstitutional the Presidential (Temporary Measures) Act, which President Emmerson Mnangagwa…

Published: 13 Mar 2019 at 07:13hrs | 2 | by Staff reporter

Can the interbank FX market end the black market?

The recent monitory policy statement announcement by the Reserve Bank of Zimbabwe (RBZ) paved way for the re-introduction of the Interbank Foreign Exchange market as recommended by industry captains who had been advocating for an open mark…

Published: 04 Mar 2019 at 10:09hrs | | by Victor Bhoroma

A lot of US dollar buyers, but no sellers over low rate set by RBZ

Zimbabwe's new currency will be backed up with fiscal discipline, Finance Minister Mthuli Ncube said on Monday, adding that the government would allow the RTGS dollar to fluctuate but would manage excessive volatility.Ncube spoke to Reuter…

Published: 26 Feb 2019 at 06:41hrs | 1 | by ZimLive

RTGS dollars and production

Pursuant to the introduction of the so-called RTGS dollars (not to be confused with the US dollars), the question which arises is: will production be triggered by the introduction of the so-called RTGS dollars? Are we going to see companie…

Published: 24 Feb 2019 at 10:41hrs | 1 | by Colls 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 recent monetary history shows that thi…

Published: 21 Feb 2019 at 11:14hrs | | by Colls Ndlovu

John Mangudya's Bonditary policy confirms US$100 salary for a teacher

I am not an economist, I am a subsistence farmer but with a little knowledge of economics that I grasped from my experiences with primary education, John Mangudya's latest Bonditary policy is going to consume President ED Mnangagwa's reput…

Published: 20 Feb 2019 at 19:11hrs | 1 | by Don Chigumba

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 results. FCM has increased deposits, largely business is being charged in electronic mon…

Published: 20 Feb 2019 at 17:25hrs | 2 | 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 along there was about 500 million wort…

Published: 20 Feb 2019 at 16:37hrs | 3 | by Colls Ndlovu

Medical Aid Societies increase payments for healthcare services

The Association of Healthcare Funders of Zimbabwe has increased the fees payable by its member medical aid societies to healthcare service providers with effect from Monday (February 11).Payments to hospitals have been increased by 30 perc…

Published: 08 Feb 2019 at 20:04hrs | | by Agencies

The Hard Truth About The Fuel Price Increase

Sometimes the truth hurts. And in this case, it really hurts. The price increases were both necessary and proportional.  The economy needs them. The country needs them.  However there has been much media coverage about Zimbabwe h…

Published: 17 Jan 2019 at 09:58hrs | 2 | by Faith Hope

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 but trust me the Market place seems to …

Published: 05 Jan 2019 at 08:34hrs | 1 | by Simplisio Mudzingwa Muvunde

Is bond and RTGS the official currency of Zimbabwe? Govt must walk the talk on currency reforms

When the current minister of finance and economic development was tipped of his imminent appointment he spelled out what seemed to be his objective, that is to remove bond note and either adopt the Rand or the United States dollar by the e…

Published: 03 Jan 2019 at 07:47hrs | 3 | by Henry Madiro

Zimbabwe not going through 'labour pains', but 'death throes'

The past few months have witnessed a painful downward spiral of Zimbabwe's economy - the worst in the past decade - characterised by shortages of fuel, tripling of prices of basic commodities, essentials medication, school fees, uniforms, …

Published: 02 Jan 2019 at 15:42hrs | 1 | by Tendai Ruben Mbofana

Finance Minister - its you who caused this nonsense

The response by our Finance Minister to the demands by striking doctors and other civil servants to be remunerated in forex reflects the highest level of selfishness and inconsiderable government. Comrade Minister, to be frank it's you who…

Published: 18 Dec 2018 at 11:03hrs | 1 | by Isaac Nkomah

Equilibrium of the exchange rate needs holistic approach

After being kissed by the devil, one must not be over excited. Instead, they have to count their teeth, lest one or two are missing.Businessman and cleric, Shingi Munyeza was showered with praises by people who used to chastise him, accusi…

Published: 06 Dec 2018 at 12:26hrs | 1 | by John Sigauke

Businesses trading in US dollars to pay tax in that currency, says Zimra

In a subtle admission that Zimbabwe is using 3 currencies the USD, Bond and RTGS, Zimbabwe Revenue Authority (ZIMRA) is advising the public that businesses selling goods in USD should pay taxes in USD.Said Zimra, "Zimbabwe Revenue Authorit…

Published: 18 Nov 2018 at 12:45hrs | | by Ndou Paul

Industrial action against Mthuli Ncube looming

Air Zimbabwe has been allowed by the cabinet of President ED Mnangagwa to charge its clients (especially diasporas) in foreign currency. The confused minister in charge of Air Zimbabwe Joel Biggie Matiza claimed that the airline has been l…

Published: 13 Nov 2018 at 11:50hrs | | by Don Chigumba

ED's long economic haul

All the prophets of doom have to admit that they just don't possess the strategic clout and foresight of President Mnangagwa's administration. The ride is bumpy but big moves are being made. It all started with the new public discourse of …

Published: 12 Oct 2018 at 12:46hrs | 1 | by Tom Nkala

Zimbabwe now has the cheapest fuel prices in Southern Africa

The unofficial three-tier forex pricing system now prevalent in the Zimbabwean market space, comprising of the USD/Bond Note pricing, the USD/RTGS deposit pricing and the Bond Note/RTGS pricing, has in real terms, made Zimbabwe fuel prices…

Published: 28 Sep 2018 at 18:38hrs | | by Martin Majaji

'Zimdollar' takes over as US$ disappears

Real time gross settlement (RTGS) balances, bond notes and treasury bills (TBs) are part of the "local dollars" as they are used solely for local transactions, unlike the greenback, a financial expert has said.Zimbabwe has been using a mul…

Published: 12 Nov 2017 at 07:54hrs | 1 | by Staff reporter

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