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'Zimdollar here to stay'

GOVERNMENT says it will announce a clear and transparent roadmap towards de-dollarisation to avoid shocks that may hurt the economy and drive citizens deeper into poverty.The country was due to end dollarisation in 2025 to put to bed the m…

Published: 17 Nov 2023 at 05:06hrs | 8 | by Staff reporter

Zimdollar demand soars

DEMAND for the Zimbabwean dollar continues to soar as more businesses and individuals seek to transact using the local currency, which has regained its lost value for the third consecutive time at the wholesale foreign currency auction to …

Published: 05 Jul 2023 at 07:15hrs | 2 | by Staff reporter

The US Dollar to be rendered useless by year end

China's place on the world stage advances year by year. It is arguably already the world's largest economy. Its Belt and Road Initiative and its other international links like the BRICS have helped to magnify its economic but also politica…

Published: 02 Jun 2023 at 06:32hrs | 4 | by Erick Matotoba

President Ruto asks Africans to ditch the US Dollar

President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the continent.Dr Ruto has urged his peers in Afr…

Published: 30 May 2023 at 22:32hrs | 6 | by Erick Matotoba

'Bring back the US Dollar' Mliswa says

Norton Member of Parliament Temba Mliswa has called upon the government to re-introduce the United States Dollar as the main currency in order to arrest inflation.Writing on Twitter on Friday, Mliswa said, "We may have to dollarise if we k…

Published: 08 Oct 2021 at 11:12hrs | 15 | by Mandla Ndlovu

10 Implications of de-dollarization and introduction of the Zim dollar

Wheels have finally come off as government has been cornered and forced to involuntarily de-dollarize without a plan.When government introduced bond notes we warned that the surrogate currency was bad money that was going to chase good mon…

Published: 24 Jun 2019 at 21:01hrs | 15773 | by Tapiwa Mashakada and Miriam Mushayi

WATCH: Mnangagwa mocks bond note, celebrates 'real money'

President Emmerson Mnangagwa Thursday mocked the local RTGS currency saying it was not real currency as compared to the United States dollar.He said this in Ngangu, Chimanimani where he had visited together with leaders of some opposition …

Published: 05 Apr 2019 at 07:05hrs | 16 | by newzimbabwe

The US Dollar or the South African Rand - Let's examine the facts

Dollarization, it has come as a popular term for currency substitution. This is a term mostly used when a foreign currency is used instead of the domestic currency as legal tender. In this instance, the foreign currency takes over all func…

Published: 11 Oct 2018 at 09:32hrs | 3 | by Dr. Tutsirai Sakutukwa

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