Search / Us dollar
Mnangagwa losing war on money changers
Despite introducing a heavy penalty aimed at deterring would-be offenders, government is losing the war on illegal money changers in Harare as they are now fully back on the streets operating openly....Published: 8 hrs ago | 7120 | by Staff reporter
Zimbabwe FCA deposits hit US$600m
The decision to separate real time gross settlement (RTGS) foreign currency accounts from actual United States dollar accounts is beginning to pay dividends amid indications that deposits for the latt...Published: 23 hrs ago | 2813 | by Staff reporter
Black market forex rates fairly stable since January
BLACK market foreign currency exchange rates have remained fairly stable for almost two months with dealers attributing the trend to a reduction in demand.A random assessment by NewZimbabwe.co...Published: 18 Feb 2019 at 07:14hrs | 2202 | by newzimbabwe
Zimbabwe's January inflation hits 10,75%
The month on month inflation rate in January 2019 was 10,75 percent gaining 1,72 percentage points on the December 2018 rate of 9,03 percent. This means that prices of goods and services as me...Published: 18 Feb 2019 at 06:28hrs | 134 | by Staff reporter
How cryptocurrencies can rescue Zimbabwe
On September 17, 2018 media houses were abuzz with the news that the then newly appointed Finance minister Mthuli Ncube was considering cryptocurrencies as an option for Zimbabwe's economic turnaround...Published: 17 Feb 2019 at 08:00hrs | 562 | by Masotsha Charles Matlobo
RBZ not ready for Zimdollar return
Speculation that the Reserve Bank of Zimbabwe (RBZ) is readying itself to reintroduce the demonitised local currency gained momentum last week when former Finance minister Tendai Biti tweeted that the...Published: 17 Feb 2019 at 07:59hrs | 1051 | by Staff reporter
Calls for Zimbabwe to join Rand Monetary Union grow
Zimbabwe must seriously look into the possibility of joining the Rand Monetary Union as the central bank mulls introducing a fresh monetary policy tool to alleviate foreign currency shortages, the hea...Published: 15 Feb 2019 at 14:44hrs | 3239 | by Staff reporter
Economists want US dollar floated
Zimbabwean economists wantReserve Bank of Zimbabwe Governor Dr John Mangudya to increase foreign currency retention thresholds for exporters, libelarise the US dollar exchange rate and introduce an in...Published: 15 Feb 2019 at 08:48hrs | 2176 | by Staff reporter
Ncube, Mangudya policy tussle on monetary policy statement
POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main...Published: 15 Feb 2019 at 08:27hrs | 506 | by Brett Chulu
Bulawayo suspends sale of housing stands
BULAWAYO City Council has suspended the sale of housing stands, citing currency distortions in the country less than two months after residents rejected its bid to sell stands in hard currency....Published: 11 Feb 2019 at 09:56hrs | 1228 | by Staff reporter
'Zimbabwe can raise 70% funding locally'
Finance and Economic Development Minister Professor Mthuli Ncube says Zimbabwe has potential to mobilise 70 percent of funding needed to finance key infrastructure projects on the domestic market, a s...Published: 10 Feb 2019 at 05:50hrs | 360 | by Staff reporter
Dairibord boss calls for new Zimbabwe currency
DAIRIBORD Holdings Limited chief executive officer Mr Antony Mandiwanza has waded into the debate over the re-introduction of a local currency, saying using the US dollar to produce pushes up operatin...Published: 10 Feb 2019 at 05:47hrs | 1426 | by Staff reporter
'Zimbabwe to introduce domestic currency'
Zimbabwe will reintroduce domestic currency only when conditions are ripe and critical economic fundamentals are in place since using the US dollar as an anchor currency is now unsustainable, accordin...Published: 08 Feb 2019 at 09:04hrs | 7046 | by Business weekly
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 | 1745 | by Staff reporter
Hospital fees skyrocket
ZIMBABWE has been plunged into yet another health crisis as hospital fees have sharply risen, well beyond the affordability of most citizens, with most private health institutions now demanding paymen...Published: 08 Feb 2019 at 08:49hrs | 1803 | by Staff reporter
Mangudya in monetary policy fix
DISCORD between Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and Finance minister Mthuli Ncube over policy issues around currency reforms has delayed the presentation of the monetary policy s...Published: 08 Feb 2019 at 08:48hrs | 3985 | by Staff reporter
All eyes on Mangudya
RESERVE Bank of Zimbabwe chief John Mangudya is expected to present his monetary policy statement soon.No official explanation has been proffered for what appears to be an inordinate delay in ...Published: 08 Feb 2019 at 08:31hrs | 2316 | by Staff reporter
Bold steps Mnangagwa should be taking instead of fiddling with the petrol price
When economically-challenged rulers try to run nations, especially fragile ones, they can easily make mistakes.In the past few weeks, demonstrators have taken to the streets of Khartoum and Om...Published: 05 Feb 2019 at 06:44hrs | 2855 | by Robert Rotberg
Government cautious as fuel supply stabilises
Energy and Power Development Minister Joram Gumbo says Government remains cautiously optimistic that the fuel situation in the country has stabilised on the back of improved availability and shorter q...Published: 04 Feb 2019 at 22:28hrs | 537 | by Staff reporter
Is RBZ shifting position?
THE Reserve Bank of Zimbabwe (RBZ) has given its clearest hint to date that the country is slowly re-dollarising after upgrading the Real Time Gross Settlement (RTGS) platform to include the United St...Published: 04 Feb 2019 at 15:09hrs | 10075 | by Pauline Hurungudo
Zifa introduces online ticket sales
ZIFA have urged football supporters to embrace technology by buying online the tickets for the upcoming AFCON qualifier between Zimbabwe and Congo-Brazzaville set for the National Sports Stadium next ...Published: 02 Feb 2019 at 05:47hrs | 125 | by Staff reporter
Mr Listening President, you are not hearing the people you lead
WE always suspected there would be some kind of pay-off in the larger scheme of things, when Zimbabweans in their thousands thronged the streets in major cities to show their displeasure with the Robe...Published: 29 Jan 2019 at 08:31hrs | 843 | by Editorial - newsday
Zimbabwe's central bank to allow US dollar trading
Zimbabwe's central bank says it has upgraded its RTGS platform to allow the settlement of transactions in dollars and trading will go live on February 1.Trading is currently in test mode, it s...Published: 29 Jan 2019 at 08:23hrs | 3034 | by Bloomberg news
RBZ incorporates US$ on RTGS platform
THE Reserve Bank of Zimbabwe (RBZ) has upgraded the Real Time Gross Settlement (RTGS) platform to include the United States dollar as the institution seeks to facilitate payments of the greenback Nost...Published: 29 Jan 2019 at 07:54hrs | 1510 | by Staff reporter
Can currency reforms save the Zimbabwean economy?
There is no doubt that the unresolved currency issue lies at the heart of Zimbabwe's economic meltdown in the past 3 years and the price distortions in the local market. The origins of the currency cr...Published: 28 Jan 2019 at 16:46hrs | 1513 | by Victor Bhoroma
'Mnangagwa promised change; nothing has changed'
THE Zimbabwean military's move to end Robert Mugabe's almost four-decade reign in 2017 sent jubilant crowds pouring into the streets of the capital hoping for better times after years of economic stag...Published: 28 Jan 2019 at 10:54hrs | 230 | by Bloomberg
What does the future have in store for me as a tobacco farmer or mukorokoza?
Having been a tobacco farmer for the last three years and my young brother being an artisinal gold miner, mukorokoza for a longtime we have nothing to show from our exploits except that we are wallowi...Published: 28 Jan 2019 at 07:27hrs | 1500 | by Henry Madiro
New Zimbabwean currency the only way to go
When the Minister of Finance and Economic Development, Professor Mthuli Ncube hinted that plans were on course to reintroduce the local currency, there has been an outcry from members of the public de...Published: 28 Jan 2019 at 07:24hrs | 8925 | by Elijah Chihota
'Float or demonetise bond notes,' says experts
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya is this week expected to present the monetary policy statement amid calls that he should address the deep-seated currency challenges which are aff...Published: 27 Jan 2019 at 19:18hrs | 9915 | by Staff reporter
Mnangagwa promised change; nothing has changed'
The Zimbabwean military's move to end Robert Mugabe's almost four-decade reign in 2017 sent jubilant crowds pouring into the streets of the capital hoping for better times after years of economic stag...Published: 25 Jan 2019 at 00:11hrs | 542 | by Staff reporter
Mnangagwa will never change his spots
Tinashe Chidzonga, 31, is one of the many Zimbabweans who took to the streets in November 2017 to celebrate the ouster of former Zimbabwe strongman and President Robert Mugabe.To Chidzonga it ...Published: 22 Jan 2019 at 08:44hrs | 726 | by Fin24
Can currency reforms save the Zimbabwean economy?
There is no doubt that the unresolved currency issue lies at the heart of Zimbabwe’s economic meltdown in the past 3 years and the price distortions in the local market. The origins of the currency ...Published: 21 Jan 2019 at 14:11hrs | 3468 | by Victor Bhoroma
Mnangagwa's govt has squandered immense goodwill
THE Zimbabwe Congress of Trade Unions (ZCTU) this week called a three-day stayaway to protest the government's decision to hike fuel prices amid a rapidly deteriorating economic environment and rising...Published: 19 Jan 2019 at 11:04hrs | 252 | by Staff reporter
Imports push fridge makers to the edge
THE local refrigerator-manufacturing industry needs protection from imports as it is now cheaper to import than manufacture, a leading player, Capri, has said.The fridge maker, which ceased op...Published: 19 Jan 2019 at 10:46hrs | 188 | by Staff reporter
Zimbabwe inflation shoots to 42,09%
ZIMBABWE'S inflation rose to 42,09% year-on-year in December, its highest for a decade, from 31,01% in November driven by increases in the price of basic goods, the Zimbabwe National Statistics Agency...Published: 18 Jan 2019 at 12:12hrs | 357 | by Staff reporter
Mnangagwa's pronouncement was not the whole truth
Since Saturday last week, Zimbabwe is one of the world's most expensive places to buy fuel from.That's after President Emmerson Mnangagwa announced new prices that showed an increase of over 1...Published: 17 Jan 2019 at 08:02hrs | 3011 | by Staff reporter
End Zimbabwe sanctions, says Tito Mboweni
SOUTH Africa Finance Minister Mr Tito Mboweni yesterday said Zimbabwe should look at introducing a new currency to counter its economic and financial challenges and also called for his country's polit...Published: 17 Jan 2019 at 00:08hrs | 830 | by Staff reporter
SA backs new Zimbabwe currency
SOUTH Africa's Finance Minister Tito Mboweni has said Zimbabwe is in a good position to adopt a new currency and that the regional giant would support its northern neighbour's efforts towards economic...Published: 16 Jan 2019 at 23:58hrs | 1847 | by Staff reporter
Chamisa's MDC calls on Cyril Ramaphosa to intervene in Zimbabwe
Zimbabwean opposition official and former finance minister Tendai Biti has urged President Cyril Ramaphosa to intervene in the country's economic and political crisis, which has left three people dead...Published: 16 Jan 2019 at 15:00hrs | 5707 | by Business Day
Britain warns its citizens in Zimbabwe
Since 14 January 2019 there has been widespread disruption, including violent protests, in many areas of the capital Harare and the cities of Bulawayo, Kadoma, Mutare, and Marondera. Many shops and ot...Published: 16 Jan 2019 at 10:54hrs | 6682 | by UK gov
Mnangagwa to buy 'State-of-The-Art' Russian arms
ZIMBABWE plans to continue its defence and security cooperation with Russia, but needs to build up funds to buy "state-of-the-art" Russian weapons, President Emmerson Mnangagwa told news agency Sputni...Published: 16 Jan 2019 at 09:32hrs | 3509 | by Sputniknews.com
Queen Bee arm twists Mnangagwa
President Emmerson Mnangagwa was allegedly arm twisted by the fuel cartels to increase the price of fuel and put a separate price for US Dollar because they were losing profits selling fuel at USD 1:1...Published: 14 Jan 2019 at 10:15hrs | 8646 | by Mandla Ndlovu
'Zimbabwe can't afford South African Rand'
Zimbabwe will not adopt the South African Rand as it does not have adequate resources to do so, Finance and Economic Development Minister Professor Mthuli Ncube has said.Addressing youth at a ...Published: 13 Jan 2019 at 23:53hrs | 8941 | by Staff reporter
Zimbabwe facing foreign currency shortages, not fuel, says Mnangagwa
News Editor Gift Phiri sits down for a wide-ranging interview with President Emmerson Mnangagwa's spokesperson George Charamba about the stuttering economy and what government is doing to address the ...Published: 13 Jan 2019 at 22:28hrs | 921 | by Staff reporter
Teachers group hires street kids to boost wage demo
TEACHERS under the firebrand Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) Friday hired street kids to blow vuvuzelas and also bang pots as they continued pressing for US dollar wages outside F...Published: 13 Jan 2019 at 08:44hrs | 720 | by newzimbabwe
$ notes tossed out of Tesla motor vehicle in Bulawayo CBD
A Tesla motor vehicle without registration plates rolled up outside Bulawayo Centre late on Friday afternoon, and its unidentified occupants tossed out US dollar notes into the gathered crowds....Published: 13 Jan 2019 at 08:36hrs | 6568 | by Staff reporter
Mthuli Ncube shuts door on dollarisation
FINANCE Minister Mthuli Ncube has put-paid to any hopes of the country adopting the US dollar to tame a revolting economy, insisting Friday that government was planning on reinstating the Zimbabwe dol...Published: 13 Jan 2019 at 08:34hrs | 961 | by newzimbabwe
Mnangagwa on the edge
Mass protests proposed by the combined force of civil servants, labour unions and the opposition MDC Alliance have plunged President Emmerson Mnangagwa and his Zanu-PF party into panic, amid fears the...Published: 13 Jan 2019 at 08:32hrs | 1639 | by Staff reporter
Zimbabweans react to 143% increase in fuel prices
PRESIDENT Emmerson Mnangagwa last night announced new prices for petrol and diesel, effective midnight."With effect from midnight tonight, a fuel pump price of $3.11 per litre for diesel and $...Published: 13 Jan 2019 at 08:05hrs | 2166 | by Staff reporter
Chamisa's tactics questioned
MDC president Nelson Chamisa has intensified his calls for "urgent dialogue" with President Emmerson Mnangagwa on "the worsening situation and unbearable suffering" Zimbabweans are enduring, but his t...Published: 13 Jan 2019 at 08:01hrs | 3757 | by Staff reporter
Load More Stories
