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RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | 4 | by Kenneth Mufuka
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 29 | by Staff reporter
Mnangagwa keeping Zim dollar to oppress Zimbabweans!
Why is the Zimbabwe government so adamant in holding on to a useless currency?On what logic would anyone believe that it is a good idea to continue using money that loses its value nearly on a...Published: 06 Mar 2024 at 23:33hrs | 1 | by Tendai Ruben Mbofana
Zimdollar decline fueled by surge in money supply
THE Zimbabwe dollar has taken a battering in the past month with economists attributing the depreciation of the local currency to increased money supply after private and public sector employees were ...Published: 24 Dec 2023 at 16:10hrs | 11 | by Staff reporter
G40 and Gamartox embrace Mnangagwa re-election
Former First Lady Grace Mugabe, the widow of Zimbabwe's late founding leader, Robert Mugabe, was in attendance at President Emmerson Mnangagwa's inauguration ceremony held at the National Sports Stadi...Published: 06 Sep 2023 at 06:44hrs | 2 | by Staff reporter
Chamisa badly missed veterans
WITH the national election done and dusted, it has become apparent that there are several Members of the National Assembly from the ninth parliament that will not be joining the new faces at the new p...Published: 03 Sep 2023 at 07:55hrs | 16 | 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...Published: 05 Jul 2023 at 07:15hrs | 1 | by Staff reporter
'Mnangagwa leading Zimbabwe to ruins,' says US economist Steve Hanke
UNITED States economist and currency expert Steve Hanke has said Zimbabwe's inflation is at 1298% per year, accusing President Emmerson Mnangagwa of running down the country.Mnangagwa recently...Published: 20 Jun 2023 at 06:59hrs | 1 | by Staff reporter
Mr. President, you can't make the nation suffer simply because of your ego!
Pride comes before a fall! When I had the inspiration for this article, a certain scenario played out in my mind.I imagined an egoistical father - who was adamant that every 'respectab...Published: 17 Jun 2023 at 07:23hrs | 2 | by Tendai Ruben Mbofana
Economic growth means nothing without benefiting ordinary Zimbabweans
The Zimbabwe government has, for the past three years, been banking on positive economic growth figures in trying to convince the nation that the country was developing.Indeed, under normal ci...Published: 14 Jun 2023 at 12:19hrs | 2 | by Tendai Ruben Mbofana
Zimdollar not going anywhere
THE Treasury has assured the market of continued usage of the local currency and that deliberate steps are being taken to strengthen its value so as to restore consumer purchasing power and buttress t...Published: 29 May 2023 at 06:32hrs | 2 | by Staff reporter
If Mnangagwa had a shop how much would he sell a loaf of bread?
It is really sickening whenever I hear senior government and ruling ZANU PF party officials always choosing to fault business every time prices of basic commodities shoot up. Over this past we...Published: 15 May 2023 at 11:19hrs | 4 | by Tendai Ruben Mbofana
Zimbabwe manufacturing sector on rebound
The Reserve Bank of Zimbabwe (RBZ) says the country's manufacturing sector is on a massive expansion push after consuming roughly 70% of all foreign currency injected into the economy last year....Published: 02 Apr 2023 at 11:02hrs | 3 | by Staff reporter
Reserve Bank of Zimbabwe slashes policy rate
THE Reserve Bank of Zimbabwe (RBZ) yesterday slashed its policy rate further to 140%. The policy rate had been pegged at 150% at the beginning of the year, from 200% before.Analysts said the m...Published: 31 Mar 2023 at 17:55hrs | 2 | by Staff reporter
Above-normal rainfall predicted for March
THE United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (FEWS NET), has predicted above-normal rainfall for March, a change from th...Published: 06 Mar 2023 at 05:19hrs | 1 | by Staff reporter
Zimbabweans danced when Mugabe fell, now life is worse than ever
For Jasmine Toffa, the hardest moment of her life was not being beaten black and blue by regime thugs. It came when the Zimbabwean MP appeared in parliament after surgery, broken hands in plaster, and...Published: 30 Jan 2023 at 07:15hrs | 13 | by Christina Lamb for The Sunday Times (UK)
Salvation Army leader and wife arrested for tearing Zim dollar notes
A Salvation Army leader together with his wife were arrested on Sunday after tearing ZWL $50 notes during a church service on Sunday.According to police Major Felix Tengemhare (62) and wife Ca...Published: 10 Jan 2023 at 09:29hrs | 3 | by Simbarashe Sithole
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 4 | by Staff reporter
Is Zimbabwe's new gold coin evidence of a broader global trend?
Saber rattling by the Chinese Communist Party stoked investor fears this week, putting upward pressure on gold prices. CCP officials felt aggrieved by House Speaker Nancy Pelosi's visit to Taiwan, whi...Published: 09 Aug 2022 at 08:20hrs | 5 | by Mike Gleason
Zimbabwe banking on gold to fight inflation
With inflation soaring in Zimbabwe and the country's currency in free fall as people abandon it for the US dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy...Published: 31 Jul 2022 at 09:13hrs | 10 | by Lesley Wroughton
RBZ gold coins to strengthen Zimdollar
The Reserve Bank of Zimbabwe (RBZ) last week, following a resolution agreed on by its Monetary Policy Committee (MPC), announced plans to introduce gold coins to be used as a new investment tool to st...Published: 04 Jul 2022 at 06:54hrs | | by Staff reporter
Biti tells Guvamatanga to 'shut up'
FORMER finance minister, Tendai Biti, has told off current treasury permanent secretary, George Guvamatanga, after he claimed civil servants are better paid now that they were during the government of...Published: 28 Jun 2022 at 07:32hrs | 1 | by Staff reporter
Dollarization will lead to 'very nasty' events for Zimbabwe
FINANCE minister Mthuli Ncube has said the banking sector will be wiped out, causing a cash crisis if Zimbabwe ever fully dollarizes.This follows growing calls for government to adopt the USD ...Published: 08 Jun 2022 at 18:15hrs | 8 | by Staff reporter
Monetary policy inconsistency sinking economy
On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state ...Published: 08 Jun 2022 at 07:19hrs | 2 | by Victor Bhoroma
Parliamentarians letting the citizens down
It is now clear that Zimbabwe's MPs or parliamentarians are not playing their role to fix the mess that our country's economic financial service is in. The Zimbabwean government has had Statutory Inst...Published: 12 May 2022 at 09:45hrs | 14 | by Engineer Jacob Kudzayi Mutisi
100% uniforms price hike kills back-to-school hype
SOME retailers have raised prices of school uniforms and other school items claiming manufacturers hiked prices by up to 100 percent, dampening the back-to-school preparations by parents and guardians...Published: 02 May 2022 at 07:56hrs | 3 | by Staff reporter
Please tell me the president is also paid in Zim dollars!
As a truly patriotic Zimbabwean - who earnestly cares about this country's development and fellow citizens' welfare and wellbeing - I make every effort in...Published: 26 Apr 2022 at 20:33hrs | | by Tendai Ruben Mbofana
Currency sabotage: 350 nabbed
OVER 200 local businesses were slapped with severe sanctions by the Financial Intelligence Unit (FIU) for manipulating the foreign currency exchange rate through illicit black market currency trading ...Published: 06 Mar 2022 at 08:20hrs | 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
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
'Salaries must revert to 2018 levels'
WITH the onset of the new year, there has been an increase in the demand by workers to be paid their salaries in hard currency. This has been prompted by the rapid fall in value of the Zimbabwe dollar...Published: 04 Feb 2022 at 21:31hrs | 1 | by Staff reporter
Zimbabwean telcos planning tariff hike
Like most sectors of the economy, the telecommunications industry is expected to review its pricing in the coming days in response to rising operating costs, analysts and industry sources say....Published: 22 Jan 2022 at 05:25hrs | 1 | by Staff reporter
Letter to my people: You're paying heavy price for coup
My Dear People, THIS week is a painful one for me, I almost didn't write to you because I feel so much pain.I know what you are thinking. You think it was painful because it marks four...Published: 21 Nov 2021 at 09:16hrs | 17 | by Dr Amai Stop it
Worthless Zimdollar notes clog banks
BANKS have requested the Reserve Bank of Zimbabwe (RBZ) to decommission $2 and $5 bond notes, saying smaller denomination currency ranges have turned into a burden for financial institutions to keep....Published: 31 Oct 2021 at 07:04hrs | | by Staff reporter
Zimdollar plunges into death spiral
ZIMBABWE's currency is in a death spiral and headed for a tragic end, two years after it was re-introduced into circulation, stoking fears of the 2008 hyperinflationary era where the government was fo...Published: 15 Oct 2021 at 20:22hrs | | by Staff reporter
Mnangagwa's ignorance on economics: Mthuli Ncube his best Boss ever
Even Mnangagwa's law degree is questioned by many. If Mnangagwa had a slender idea how the economy works, they would never launder money to Chinese banks in billions of dollars. He would know that kis...Published: 15 Oct 2021 at 18:45hrs | 14 | by Nomazulu Thata
Mnangagwa corrupt and totally ignorant, says Steve Hanke
UNITED States economist and currency expert Steve Hanke has accused President Emmerson Mnangagwa of corruption and being "totally ignorant" as the Zimbabwean dollar keeps losing value.The para...Published: 15 Oct 2021 at 06:21hrs | | by Staff reporter
'Dead' 14kg gold smuggler resurfaces, arrested
POLICE in Bulawayo have arrested Jefat Chaganda, the chief suspect in the 14 kilogramme gold case that happened in Plumtree in 2018.The case also resulted in the arrest of nine other suspects ...Published: 19 Sep 2021 at 08:16hrs | 9 | by Staff reporter
Challenges facing Zimbabwe's foreign exchange auction
IT is clear that the auction for foreign exchange is in trouble. The arrears now stand at over US$200 million. That is equivalent to nearly Z$18 billion and the delays are having a serious impact on c...Published: 27 Jul 2021 at 07:16hrs | 9 | by Eddie Cross
2021 Mid-Term Budget Expectations
Zimbabwe's mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months. The country is undergoing a period of relati...Published: 03 Jun 2021 at 20:21hrs | 1 | by Victor Bhoroma
Medical aid societies hike fees
Zimbabweans seeking health care will have to fork out more for health insurance as medical aid societies have hiked contributions over the last few months for members paying in local currency. ...Published: 11 Mar 2021 at 06:13hrs | 1 | by Staff reporter
Exchange control regulations and export growth
The monetary policy committee for the Reserve Bank of Zimbabwe (RBZ) issued a circular with changes to export surrender requirements on the 7th of January 2021. The changes include immediately removin...Published: 20 Jan 2021 at 06:30hrs | 1 | by Victor Bhoroma
Zim dollar continues to firm against the greenback
The Zimbabwe dollar continues to firm against the greenback despite a marginal loss at this Tuesday's RBZ forex Auction after moving from 81.71 to 81.82 per one United States Dollar.A total of...Published: 24 Nov 2020 at 19:14hrs | | by Staff Reporter
Non-monetary incentives the way to go
The face-off between government and its workers over salaries has protracted to a magnitude that it's now threatening the realisation of the national vision.The new political dispensation comm...Published: 10 Nov 2020 at 15:20hrs | 2 | by Petros Manyuchwa
'Price stability to spill into 2021'
ECONOMISTS and captains of industry yesterday predicted a continued stability of prices of goods and services into next year.During a state of the economy report by Africa Economic Development...Published: 05 Nov 2020 at 19:27hrs | | by Staff reporter
De-listing wave hits ZSE
FIVE counters have announced plans to de-list from the Zimbabwe Stock Exchange (ZSE), precipitating fears that a new forex-denominated bourse planned for Victoria Falls could ground one of Africa's ol...Published: 16 Oct 2020 at 07:19hrs | 1 | by Staff reporter
New US Dollar to Zim Dollar rate announced
The Foreign Exchange Auction Results of 6 October 2020 by the Reserve Bank of Zimbabwe has seen the Zimbabwe Dollar gaining strength against the US$ by from 8.4439 the previous week to 8.134...Published: 06 Oct 2020 at 16:33hrs | | by Mandla Ndlovu
George Charamba called to order
STAKEHOLDERS in the media industry yesterday warned government against threatening media organisations and interfering in editorial policies of independent newspapers as it posed serious danger to Pre...Published: 24 Sep 2020 at 07:36hrs | 2 | by Staff reporter
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | | by Victor Bhoroma
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | 2 | by Victor Bhoroma
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