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CBZ manager fired over missing RTGS3,000
A former Commercial Bank of Zimbabwe (CBZ) branch manager who was fired over financial irregularities involving RTGS3 000 has lost his appeal at the Labour Court, which upheld his dismissal.Co...Published: 17 Aug 2025 at 10:11hrs | 426 | by Staff rporter
BitStarz casino review for Australian Players - Crypto, Pokies & Bonuses
BitStarz Casino Australia attracts attention in the local online gambling market due to its wide selection of pokies, cryptocurrency support, and diverse promotions. This site operate...Published: 07 Aug 2025 at 16:26hrs | 47 | by Staff Reporter
Chivayo responds to reports of bank limit adjustments
Businessman Wicknell Chivayo has strongly dismissed reports that he requested Ecobank to adjust two bank accounts to a US$20 million monthly limit after securing lucrative government contracts worth U...Published: 29 Jan 2025 at 18:49hrs | 14617 | by Staff reporter
ZiG monthly inflation seen staying below 3%
Zimbabwe's gold-backed currency (ZiG) is expected to maintain stable inflation levels, with average month-on-month inflation forecast to remain below 3% in 2025. This projection is underpinned by stri...Published: 29 Nov 2024 at 06:53hrs | 80 | by Staff reporter
Mnangagwa to outline legislative agenda
President Emmerson Mnangagwa today officially opened the Second Session of the 10th Parliament, outlining the legislative agenda while delivering his State of the Nation Address to a joint sitting of ...Published: 02 Oct 2024 at 07:48hrs | 62 | by Staff reporter
Zimbabwe's new currency notes out this week
ZIMBABWEANS were transacting exclusively in United States dollars yesterday as the country began transitioning to the new currency — Zimbabwe Gold (ZiG) — following unveiling of the new gold-backe...Published: 07 Apr 2024 at 10:06hrs | 2 | by Staff reporter
Zimbabweans resort to comedy to cope with failing economy
Zimbabweans are resorting to comic relief in the face of a failing economy, as the local currency loses value by the day. After all, laughter is the best medicine.This week, government workers...Published: 16 Jun 2023 at 08:19hrs | 2 | by Staff reporter
RBZ in bid to calm run on banks over currency fears
The Reserve Bank of Zimbabwe on Friday sought to calm a run on banks, insisting that depositors' funds were safe.Thousands of panicky Zimbabweans lined up in bank queues to withdraw their Unit...Published: 10 Jun 2023 at 17:53hrs | 2 | by Staff reporter
'Zimbabwe's $5 000 withdrawal limit no longer adequate'
THE transacting public has implored the Reserve Bank of Zimbabwe (RBZ) to consider increasing cash withdrawal limits saying the weekly $5 000 cap is no longer convenient given the exchange rate moveme...Published: 02 Feb 2023 at 08:24hrs | 1 | by Staff reporter
Currency: The long road of pain awaiting Zimbabwe
IN June 2019, the Zimbabwe dollar was officially reintroduced as the main legal tender for domestic transactions in the country amid scepticism from the general public concerning its sustainability. T...Published: 17 Mar 2022 at 05:49hrs | 1 | by Staff reporter
Monetary Policy Analysis
The Reserve Bank of Zimbabwe (RBZ) presented its first monetary policy statement for 2022 on the 7th of February. The monetary policy comes after a 53.5% surge in foreign currency receipts from US$6.3...Published: 23 Feb 2022 at 19:41hrs | 13 | by Victor Bhoroma
RBZ defends bank withdrawal limits
RESERVE Bank of Zimbabwe governor John Mangudya defended bank withdrawal limits announced on Monday last week, saying while there has been a groundswell of criticism, the new levels were above average...Published: 14 Feb 2022 at 05:28hrs | 3 | by Staff reporter
Biti says Mangudya is a fool
FORMER finance minister Tendai Biti has described the Reserve Bank of Zimbabwe governor as a fool, saying his monetary policies are insufficient to tame inflation.Biti said this in a scathing ...Published: 12 Feb 2022 at 16:44hrs | | by Staff reporter
'$5,000 withdrawal limit not enough'
DEPOSITORS have said the $5 000 weekly withdrawal limit was not enough as the amount does not meet their cash needs such as daily transport cost for members and cash rentals being demanded by landlord...Published: 10 Feb 2022 at 05:31hrs | | by Staff reporter
No joy from RBZ governor
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday declined to increase cash withdrawal limits to match recent price hikes, as he battled to limit cash in circulation in order to fight in...Published: 08 Feb 2022 at 05:37hrs | 1 | by Staff reporter
UK online casinos in 2022
Over the past few years, if not months, we have seen a large number of new online casinos thanks to the convenience and affordability that online casino games are renowned for. And now that the larges...Published: 27 Dec 2021 at 19:21hrs | 27 | by Staff Writer
Govt earmarks US$120m for bonuses
GOVERNMENT released US$120 million to pay civil servants' bonuses in foreign currency in a bid to cushion them against the inflationary environment that has been experienced in the past few months....Published: 12 Dec 2021 at 19:54hrs | 10 | by Staff reporter
'Banks cash in on civil servants bonus'
SOME local banks are reportedly cashing in on civil servants' United States dollar bonuses through compulsory liquidation of their 13th cheque into local currency.This comes at a time when the...Published: 04 Dec 2021 at 07:21hrs | 11 | by Staff reporter
Biti says the introduction of $50 note is criminal
TOP economists are confident that the new $50 notes, introduced by the Reserve Bank of Zimbabwe Tuesday, will not trigger inflationary pressures.However, former Finance Minister Tendai Biti di...Published: 07 Jul 2021 at 16:30hrs | 2 | by Staff reporter
RBZ's $389m headache
The Reserve Bank of Zimbabwe (RBZ) will today disburse $66 million owed to cotton farmers with bank accounts for the crop delivered to Cottco last season, followed by $436,6 million to be paid via mob...Published: 28 May 2021 at 07:36hrs | 1 | by Staff reporter
Student teacher allowances raised to US$90 per month
Zimbabwe's government has raised student teacher allowances from US$1.50 per month to US$90 with effect from April after pressure from unions.Student teachers on attachment from colleges and u...Published: 27 Apr 2021 at 19:57hrs | | by Staff reporter
Mthuli Ncube refuses to increase cash withdrawal limits
FINANCE minister Mthuli Ncube says there is no need to increase the weekly $2 000 bank withdrawal limit for individuals as a move to combat the black market. This comes as the Treasury chief a...Published: 28 Mar 2021 at 16:25hrs | 1 | by Staff reporter
RBZ warns against rejecting $5 notes
THE Reserve Bank of Zimbabwe has assured the transacting public that the $5 note was still legal tender, and warned businesses against rejecting the currency.In a statement on Tuesday, the cen...Published: 24 Feb 2021 at 21:52hrs | 8 | by Staff reporter
Zimbabwe's $50 note imminent
Zimbabwe announced on Thursday that it would shortly introduce a $50 note, while raising cash withdrawal limits to Z$2,000 per day from Z$1,000.The central bank also lifted its main lending ra...Published: 21 Feb 2021 at 22:30hrs | 5 | by Staff reporter
Zimbabwean expats keep country afloat, remits $1 billion
Diaspora remittances to Zimbabwe jumped a record 58 percent from US$635.7 million to US$1 billion in 2020, the central bank said on Thursday, highlighting the key role played by expatriates in keeping...Published: 19 Feb 2021 at 07:24hrs | 5 | by Staff reporter
Cash withdrawal limits, lending rates go up
THE Reserve Bank of Zimbabwe (RBZ) has increased withdrawal limits to $2 000 from $1 000 and reviewed upwards the bank policy and private sector lending rates as part of comprehensive measures to stre...Published: 19 Feb 2021 at 06:49hrs | 2 | by Staff reporter
Zimbabwe to introduce new banknotes soon
THE Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denomination banknotes to increase physical money supply, curb cash shortages and improve transacting convenience.Aut...Published: 10 Jan 2021 at 07:52hrs | 2 | by Staff reporter
High inflation drives cost of living
USAID food security arm, FEWS NET, says the cost of living in rural and urban areas continues to increase mainly driven by high inflation. In FEWS NET's December 2020 report, the food security organis...Published: 03 Jan 2021 at 07:43hrs | 10 | by Staff reporter
Mangudya to review bank withdrawal limits next week
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya said next week the central bank will review upwards bank withdrawal limits that have been pegged at $300 per week for over a year now. ...Published: 18 Jul 2019 at 07:38hrs | | by Staff reporter
Zimbabwe to print $400 million bond notes
ZIMBABWE will print ZWL$400 million bond notes which it says will be drip-fed into the economy to cover the gap left after government banned the use of multi-currencies in local transactions.T...Published: 02 Jul 2019 at 08:32hrs | 3 | by Staff reporter
RBZ dismisses false reports on foreign currency
The Reserve Bank of Zimbabwe has dismissed information circulating on social media that banks have been instructed to any cash withdrawal of forex by clients. Zimbabwe was abuzz with informati...Published: 26 Jun 2019 at 10:57hrs | 2 | by Mandla Ndlovu
RBZ boss' case deferred
Suspended Reserve Bank of Zimbabwe (RBZ) Financial Intelligence Unit director Mirirai Chiremba's application for refusal of further remand was yesterday rolled over to Thursday after his lawyer, Mr Ad...Published: 19 Mar 2019 at 06:29hrs | 1 | by Staff reporter
RBZ executive wants to be removed from remand
Reserve Bank of Zimbabwe (RBZ) financial intelligence unit director Mirirai Chiremba has said he will apply for refusal of further remand during his next court appearance. Chiremba appea...Published: 03 Mar 2019 at 01:01hrs | 1 | by Staff reporter
The RTGS dollar compounds Zimbabwe workers' troubles
THE government's decision to dump the United States dollar and adopt some form of local currency will hit workers the hardest as their incomes have been eroded with the floating of the exchange rate, ...Published: 24 Feb 2019 at 06:48hrs | 1 | by Staff reporter
Growing role of Zimbabwe's Embassy in China
ZIMBABWE and China have excellent relations that date back to the pre-independence era. During the visit by His Excellency, President ED Mnangagwa, in April 2018, relations were elevated to the highes...Published: 13 Jan 2019 at 07:58hrs | 1 | by Mr Chikawa
RBZ Director back in court
The suspended Reserve Bank of Zimbabwe director who appeared in court last year facing abuse of office was yesterday back in court for routine remand.Mirirai Chiremba yesterday appeared before...Published: 11 Jan 2019 at 18:58hrs | 3 | by Staff reporter
Acie Lumumba faces heavy lawsuits
Self-styled communications strategist William Mutumanje (Acie Lumumba) risks being slapped with heavy lawsuits after making damaging allegations against senior RBZ officials which later turned out to ...Published: 20 Dec 2018 at 09:23hrs | | by Staff reporter
RBZ boss freed on $6,000 bail
Mirirari Chiremba, the suspended Reserve Bank of Zimbabwe director of financial intelligence appeared in court on Thursday charged with criminal abuse of office.Chiremba, of Marlborough, Harar...Published: 07 Dec 2018 at 12:25hrs | 4 | by ZimLive
RBZ Boss charged with criminal abuse of office
Reserve Bank of Zimbabwe Director of in charge financial intelligence Mirirai Chiremba was on Wednesday arrested and formally charged with an allegation of criminal abuse of office for irregular...Published: 06 Dec 2018 at 14:54hrs | 2 | by Mandla Ndlovu
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 30 | by newZwire with The Source
Banks increase withdrawals to $100
DEPOSITORS smiled all the way to banks on Monday and yesterday as banks in Bulawayo offered more cash withdrawals of up to $100, both bond notes and United States dollars.Yesterday, scores of ...Published: 25 Jul 2018 at 07:16hrs | | by Staff reporter
Cash crisis in Zimbabwe a crisis of discipline, confidence
The recent BBC HARDtalk session between opposition MDC Alliance leader Nelson Chamisa and host Steven Sackur opened a lot of debate. The issue has been debated in the newspapers and radio shows on how...Published: 17 May 2018 at 07:18hrs | 3 | by David Mhlanga
$300 daily withdrawal limit for tobacco farmers
The Reserve Bank of Zimbabwe (RBZ) has set daily cash withdrawal limit for tobacco farmers at $300 during the 2018 tobacco marketing season which commences on March 21.In a statement, the Cent...Published: 07 Mar 2018 at 07:40hrs | | by Staff reporter
Mudzuri ready to take over from ailing Tsvangirai
Acting MDC-T president Engineer Elias Mudzuri has joined the race to take over the reins of the opposition party from ailing leader Mr Morgan Tsvangirai, who is battling colon cancer.Mr Tsvang...Published: 13 Jan 2018 at 08:43hrs | 2 | by Staff Reporter
PHOTOS: Acting MDC-T President Mudzuri tours banks, industries in Harare
The MDC acting President, Engineer Elias Mudzuri, toured banks and the now moribund industries in the once-thriving Southerton industrial area in Harare.Party's presidential spokesperson Luke ...Published: 12 Jan 2018 at 11:58hrs | 2 | by Stephen Jakes
Confidence in the financial sector
At the heart of the economy, is the financial system. And at the heart of the financial system, is the confidence in the sector. However the system is sensitive to the expectations of the unknown and ...Published: 29 Oct 2017 at 11:19hrs | 4 | by Tryson G. Dube
RBZ unearth malpractices in banks, tellers under fire
THE Reserve Bank of Zimbabwe has unearthed malpractices in the banking sector that could be fuelling cash shortages in the country.RBZ Governor Dr John Mangudya yesterday said a recent bank in...Published: 07 Oct 2017 at 05:48hrs | | by Staff Reporter
Read books of basic economics, Bimha's investigation of denial won't help
ZANU-PF's failure to take responsibility of the current crisis will only serve to worsen the situation. In an attempt to shift the blame to externals a misdiagnosis of the situation is bound to happen...Published: 27 Sep 2017 at 11:00hrs | 9 | by Jacob Mafume, PDP Spokesperson
Forex dealers rule the roost amid cash crisis
ILLEGAL foreign currency traders - popularly known as osiphatheleni - are flourishing in Bulawayo, as desperate Zimbabweans flock to them in attempts to access cash.While police descend on the...Published: 09 Aug 2017 at 12:48hrs | 1 | by Staff reporter
IMF raises red flag over Zimbabwe cash crisis
The International Monetary Fund (IMF) has blamed Zimbabwe's unrelenting cash shortages on government's runaway spending and a comatose economy.IMF's outgoing mission chief for Zimbabwe Anna Lu...Published: 16 Jul 2017 at 14:32hrs | 1 | by Staff reporter
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