Search / Us dollar ban
The 'torn' money-buying brigade: A hustle for survival in Zimbabwe
For many in Zimbabwe, especially those navigating the streets of Harare, torn or worn-out money has become more than just a nuisance - it's an opportunity for survival. One such individual, 30-year-ol...Published: 27 Nov 2024 at 07:05hrs | 390 | by Staff reporter
Ziyambi challenged on tattered US dollar bank notes
ZIMBABWEANS were forced to buy new United States dollar notes on the streets and other private money agencies as old worn-out notes were being rejected by users on the market, it has emerged.G...Published: 14 Oct 2022 at 05:58hrs | 15 | by Staff reporter
What are we really worth?
Recently I had breakfast with three friends and we were charged at the rate of ZW$115 to US$1 for our food, which was priced in US dollars.later I had coffee with another group of friends and ...Published: 28 May 2021 at 08:06hrs | 1 | by Eddie Cross
RBZ urged retailers to accept torn and soiled US$ bank notes
THE Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has urged retailers and other traders to accept both old and worn out US dollar bank notes as legal tender.The central bank chief's p...Published: 22 Dec 2020 at 06:32hrs | 2 | by Staff writer
Paynet readmits 3 banks as alternative is tested
Bulk payments service provider, Paynet Zimbabwe, may have readmitted at least three banks (names withheld) to its platform, days after indicating it will initiate legal action to claim US$100 million ...Published: 16 Jul 2019 at 07:21hrs | 1 | by Staff reporter
ZEC ignores SI 142, charges accreditation fees in US$
The Zimbabwe Electoral Commission (Zec) has come under fire from members of the media, civil society and elections observers who argue that the charging of accreditation fees in US dollars is unjustif...Published: 13 Jul 2019 at 10:50hrs | | by Staff reporter
Socio-economic Implications of banning the US Dollar
On 24 June 2019, the government abolished the 10-year-old multi-currency regime in the country making the Zimbabwe dollar the sole legal tender. The Zimbabwe Coalition on Debt and Development (ZIMCODD...Published: 26 Jun 2019 at 15:18hrs | 3 | by ZIMCODD
ZCTU promises shutdown over US Dollar banning
The Zimbabwe Congress of Trade Unions has rubbished statutory instrument 142/19 and warned that workers are ready to engage in mass action if the government doesn't reverse the decision to ban t...Published: 25 Jun 2019 at 19:40hrs | 2 | by Mandla Ndlovu
Mnangagwa's advisor speaks on US Dollar ban
Member of the Emmerson Mnangagwa's Presidential Advisory Council Dr Shingi Munyeza has penned seven points which he predicts will occur after the gazetting of the Statutory Instrument 142 of 2019 by F...Published: 25 Jun 2019 at 09:36hrs | 1 | by Mandla Ndlovu
Mthuli Ncube explains US Dollar ban
Finance and Economic Development Minister Mthuli Ncube has clarified the statutory instrument that banned the use of foreign currency in the country. In an interview with ZBC Mthuli said...Published: 24 Jun 2019 at 18:37hrs | 1 | by Mandla Ndlovu
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 na...Published: 05 Apr 2019 at 09:58hrs | | by Martin Tarusenga
Opposition promises a childish mirage
The run-up to this year's elections has witnessed the rise of a plethora of new political parties while some funny and comical leaders seem unable to address the nation's challenges as witnessed by th...Published: 09 Jul 2018 at 07:43hrs | 2 | by Staff reporter
Biti offers 'bus loads' of cash
MDC Alliance principal Mr Tendai Biti has said "whites will come with lorries and buses full of money" to Zimbabwe if the opposition coalition wins the July 30, 2018 harmonised elections.At a ...Published: 01 Jul 2018 at 08:00hrs | 2 | by Staff reporter
Mugabexit wipes $6 billion off ZSE
THE Zimbabwe Stock Exchange (ZSE) has lost nearly $6 billion since a military operation that forced former President Robert Mugabe to resign on Tuesday, with analysts saying investors were responding ...Published: 23 Nov 2017 at 07:02hrs | | by Staff reporter
Chombo's appointment shocked many Zimbabweans
While new Finance minister Ignatius Chombo took up his new post on Tuesday, President Robert Mugabe's decision to replace Patrick Chinamasa was met with shock and disappointment.Mugabe moved C...Published: 12 Oct 2017 at 16:37hrs | 2 | by Staff reporter
Bond notes crisis sparks panic buying
RESERVE Bank of Zimbabwe governor John Mangudya was yesterday forced to assure the country that there will be no shortage of basic commodities as Harare residents moved to stock up amid fears of furth...Published: 24 Sep 2017 at 09:01hrs | 2 | by Staff reporter
Zimbabwe government admits 'printing' money
PRESIDENT Robert Mugabe's embattled administration has for the first time admitted printing money in the form of a virtual currency through the Real Time Gross Settlement (RTGS), acknowledging this ca...Published: 27 Apr 2017 at 18:42hrs | 24 | by Staff reporter
Bond notes no relief for cash-short Zimbabweans
A token currency issued in Zimbabwe this week to ease critical cash shortages has brought little relief as desperate customers queue for hours to withdraw money while some traders reject the new n...Published: 30 Nov 2016 at 11:55hrs | | by Agencies
We'll not flood market with bond notes, says Mangudya
The Reserve Bank of Zimbabwe (RBZ) says it will not be negligent and flood the market with bond notes, due to be launched before the end of this month, to avoid fuelling inflation.The impending la...Published: 25 Nov 2016 at 05:24hrs | | by Staff reporter
US dollar notes disappear, authorities fingered
ZIMBABWE'S fragile economic situation is lurching towards fresh depths amid indications that small United States dollar denominations are disappearing from circulation, thereby raising the possibi...Published: 29 Sep 2016 at 10:54hrs | 1 | by Staff reporter
The difficulty of a return to the Zimbabwe dollar
SOUTH Africans often ask how Zimbabwe was able to adopt the dollar as its official currency and, conversely, how it could re-establish its own currency. The answers begin with an understanding of what...Published: 14 Oct 2013 at 05:13hrs | | by Gavin Keeton, BDLive
Load More Stories
