Search / Renminbi
Zimbabwe to draw US$145 million IMF funds
SOME US$145 million from the US$960 million Special Drawing Rights released by the International Monetary Fund last year to cushion member States against the effects of the Covid-19 pandemic will be d...Published: 06 Apr 2022 at 06:24hrs | | by Staff reporter
US dollar dominance being eroded
The dollar's share of global reserve currencies has been in steady decline over the past 20 years as central banks turn to nontraditional currencies, including the renminbi, to diversify their holding...Published: 27 Mar 2022 at 07:25hrs | | by Staff reporter
IMF approves SDR for Zimbabwe, Biti will not be happy
The International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights (SDR) equivalent to US$650 billion, the largest in the IMF's history, in an effort to boost global...Published: 04 Aug 2021 at 06:24hrs | | 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 ...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 ...Published: 28 Aug 2019 at 18:24hrs | | by Prof Mthuli Ncube
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: 22 Feb 2019 at 09:16hrs | | by Staff reporter
Zimbabwe could be China's economic gateway to Sub-Saharan Africa
Anti-Chinese rhetoric in Africa can only be mitigated by the pursuit of stronger economic ties between the Asian giant and countries on the continent, including Zimbabwe. The Southern African ...Published: 20 Nov 2018 at 05:58hrs | | by Staff reporter
#IGForexChat 3: What does the next year hold for emerging market currencies?
IG presents 'IG Forex Chat 3' – a live di...Published: 30 Oct 2018 at 15:53hrs | 4 | by Tech Reporter
Urge Mugabe to resign, China told
China must persuade President Robert Mugabe to step down and hand over power as part of strategies to prevent a potential civil war and protect the Asian economic giant’s over $10 billion investment...Published: 13 Dec 2016 at 05:57hrs | | by Staff reporter
Which stupid Europeans will open lines of credit to 'clever black Zimbabwean politicians?'
Their language use is tantamount to hate-speeches. How many times have the West been told to "go hang?" It's some African-Zimbabweans who allow themselves to dwell on insults, sometimes unprovoked, in...Published: 31 Jul 2016 at 19:30hrs | | by Nomazulu Thata
Dollarisation vs Yuanisation: The Zimbabwe Dilemma
Zimbabwe should forget the Chinese Yuan and the US dollar and adopt the South African Rand and join the Southern African Customs Union (SACU).SACU should be transformed and be the pre-lude to ...Published: 15 Jan 2016 at 16:41hrs | | by Vusumuzi Moyo
Mugabe entering his 36th year in charge of Zimbabwe
Robert Mugabe will be entering his 36th year in charge of Zimbabwe. His official birth certificate tells us he will be 92 in February 2016.His wife graciously told the nation that he would be ...Published: 01 Jan 2016 at 12:17hrs | | by BBC
Zimbabwe to use Chinese Yuan early next year
Zimbabwe could start using the Chinese yuan alongside the United States dollar as early as 2016, with the Reserve Bank of Zimbabwe and People's Bank of China already finalising modalities, The Sunday ...Published: 20 Dec 2015 at 09:30hrs | | by Staff Reporter
Zimbabwe bank seeks to promote Chinese currency use
THE People's Bank of China and the Reserve Bank of Zimbabwe are investigating the feasibility of using the Chinese currency, renminbi or yuan under the multicurrency system.In an interview wit...Published: 06 Dec 2015 at 09:35hrs | | by Staff reporter
Chinamasa deserves Nobel Prize in economics
IN its post-colonial history since 1980, Zimbabwe has gotten one big thing right, inter alia: the multi-currency system.To cut a long a long story short, Zimbabwe currently has arguably, the l...Published: 11 Aug 2015 at 08:32hrs | | by Colls Ndlovu
Multicurrencies: impact of the Chinese currency
The recent addition of the Chinese currency, among others, into Zimbabwe's much-admired multicurrency system (which the new RBZ governor has already branded as being sin qua non to the Zim economy rev...Published: 30 May 2014 at 13:51hrs | | by Colls Ndlovu
Multicurrency system: Zimbabwe continues to lead the world
For the first time ever in its de facto one party rule since 1980, one must agree that Zimbabwe has gotten one and only one thing right: ,i.e. the multicurrency system. This is one area where Zimbabwe...Published: 14 Feb 2014 at 15:46hrs | | by Colls Ndlovu
South Africa expected to endorse Chinese currency
JOHANNESBURG - South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies. Thus, the nation i...Published: 26 Mar 2012 at 05:11hrs | | by Staff reporter
Africa could dump US$ for China's Renminbi
China's renminbi could replace the dollar as the main currency to finance trade between Chinese and African countries, Business Day reported on Tuesday, citing research by Standard Bank. In a ...Published: 30 Aug 2011 at 07:02hrs | | by Staff reporter
The American Gov's dollar reign is near an end
The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, a...Published: 03 Mar 2011 at 10:12hrs | | by Barry Eichengreen
Chinese yuan, safest currency: expert
USA(Chicago) - The Chinese yuan is "one of the safest currencies in the world," global investment expert Jim Rogers said here Wednesday.Speaking on an occasion at the well-known Union League ...Published: 13 Jan 2011 at 16:59hrs | | by Byo24NEWS
Load More Stories
