Search / Zimbabwe currency
Zimbabwe currency reserves backing ZiG climb to record
Gold and foreign-currency reserves backing Zimbabwe's bullion-linked monetary unit rose to a record in June, the central bank said.The reserves climbed to $731 million from $639 million in May...Published: 11 Jul 2025 at 08:55hrs | 959 | by Staff reporter
High interest rates choking Zimbabwe currency borrowing
Listed clothing retailer, Edgars Stores Limited, has reported a resilient performance for the half-year period ending July 7, 2024, despite the ongoing economic setbacks and high interest rates that c...Published: 10 Nov 2024 at 11:02hrs | 184 | by Staff reporter
ZiG's false promise: Debunking the gold-backed myth
Some of us said it from day one, but we were accused of being 'prophets of doom'.When the Zimbabwe authorities declared war on illegal money changers, ostensibly, in order to 'defend' the stab...Published: 07 Oct 2024 at 16:36hrs | 1418 | by Tendai Ruben Mbofana
Zimbabwe's government: The biggest threat to its own currency
The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against ...Published: 29 Sep 2024 at 15:25hrs | 3372 | by Tendai Ruben Mbofana
John II tames Zimbabwe currency turmoil
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 07 Jul 2024 at 11:54hrs | 4 | by Staff reporter
Zimbabwe currency code changes to ZWG
The World Bank International Organisation for Standardisation (ISO) Committee has approved the change of Zimbabwe's local currency code from ZWL to ZWG (Zimbabwe Gold).The ISO 4217 standard, w...Published: 26 Jun 2024 at 13:00hrs | 25 | by Staff reporter
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
Introduction of ZiG Currency and its Economic Impact
On Friday the 5th of April 2024, the Zimbabwe Reserve Bank introduced a new "structured currency" called ZiG to tackle the ongoing economic crisis in the country. The new currency, Zim Gold (ZiG), wil...Published: 08 Apr 2024 at 07:02hrs | 20 | by Matthew Dube Esquire
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | 1 | by Obert Nyandoro
The Zimbabwe currency crisis as seen from abroad!
AS we go to press, US financial news media has become aware of the Zimbabwe financial crisis.Bloomberg news agency and the Financial Times have reported authoritatively on the events surroundi...Published: 07 Apr 2024 at 10:25hrs | 7 | by Kenneth Mafuka
Withdraw Zimdollar from circulation
GOOD day, President Emmerson Mnangagwa. Your Excellency, it is my conviction that the Zimdollar, all things considered, is a swine. It is the epitome of voodoo economics, based on implausible assumpti...Published: 14 Feb 2024 at 19:25hrs | 2 | by Cyprian Muketiwa Ndawana
Lawyer sues journalist over 'falsehoods'
Prominent lawyer Tino Chinyoka has sued a journalist from a state owned publication for US$100 000 for allegedly publishing falsehoods where he claimed a magistrate stopped a lawyer from lying in cour...Published: 04 Feb 2024 at 17:37hrs | 5 | by Staff reporter
Delta, Zimra fight over US$ tax
DELTA Beverages Pvt Ltd is up in arms with the Zimbabwe Revenue Authority (Zimra) after the tax collector concluded that the company had improperly computed its income tax, resulting in the matter spi...Published: 29 Jan 2024 at 10:14hrs | 12 | by Staff reporter
Zimbabwe currency crisis holding back power deals
ENERGY and Power Development minister Edgar Moyo says investments into Zimbabwe's power sector have been affected by high currency induced risks.However, Moyo told businessdigest that currency...Published: 22 Dec 2023 at 18:23hrs | 13 | by Staff reporter
Zimdollar worse off since 2022
THE local currency, the Zimbabwean dollar, has continued to depreciate against the United States dollar on an unrestrained trajectory, despite various measures implemented by the Reserve Bank of Zimba...Published: 03 Dec 2023 at 19:20hrs | 12 | by Tinashe Duma
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 12 | by Kevin Tutani
Zimdollar to return soon
Zimbabwe's ruling party wants the country to revert to using the local currency as its sole means of exchange."I am very confident it's a matter of time" before that happens, Christopher Mutsv...Published: 22 Sep 2022 at 18:34hrs | 8 | by Staff reporter
Zimbabwe currency speculators cornered?
THE retreat of the recent inflation spiral is expected to accelerate, and purchasing power increase in light of recent pay rises without matching price rises, as speculative market forces are being co...Published: 15 Aug 2022 at 06:38hrs | | by Staff reporter
Fuel hikes to worsen economic woes
GOVERNMENT yesterday increased prices of petrol and diesel by 23.78% and 18.23% respectively, a move that economists said will result in a hike in prices of basic goods and services and further erode ...Published: 26 Apr 2022 at 08:21hrs | 1 | by Staff reporter
Allow the masses to trade in precious minerals, to bring stability to our Zim$ currency
Zimbabwe has had, what is now Refered to as a merry-go-round foreign currency policy, which has a five year cycle of a Zim$, dual currency and a USD$ and then back to Zim$. These cycles have been cons...Published: 25 Apr 2022 at 07:09hrs | 5 | by Jacob Kudzayi Mutisi
Believing Zimbabwe regime promises akin to believing spam emails!
Usually, I simply delete any spam in my email, without even bothering to read them - as, quite frankly, I find those messages not only irritating, but also extremely childish and silly.Nonethe...Published: 13 Dec 2021 at 13:52hrs | 10 | by Tendai Ruben Mbofana
Black Friday November 14 1997
The day the Zimbabwe currency tumbled or hit the lowest mark was in 1997 when war veterans got Z$50 000 in gratuities each from the former late President Robert Mugabe’s government after they embark...Published: 29 Nov 2021 at 19:08hrs | 23 | by Leonard Koni
Mliswa calls for local currency
Outspoken Norton Legislator Temba Mliswa has urged the government to promote local currency in a bid to stabilize the economy."Governme...Published: 19 Oct 2021 at 17:14hrs | 10 | by Simbarashe Sithole
Simbisa Brand rubbishes government directive
Simbisa Brands has rubbshed the call by the government of Zimbabwe to use interbank rates in its pricing system. The directive by ...Published: 19 Oct 2021 at 17:11hrs | 12 | by Shelton Muchena
Authorities unleash sweeping crackdown on forex market
IN a renewed bid to contain the runaway foreign exchange rate - now trading at double the official rate around US$1: ZW$170 - the government has launched a fierce crackdown on currency traders in a mu...Published: 03 Oct 2021 at 08:19hrs | 12 | by Staff reporter
Mthuli Ncube won't adopt the black market rate
FINANCE Minister Mthuli Ncube says the government will not be forced into following the parallel market foreign currency rate.He was responding to MPs during a question and answer session Wedn...Published: 28 Aug 2021 at 05:48hrs | 1 | by Staff reporter
War vet asks courts to clip Mnangagwa's wings
CONTROVERSIAL war veteran, Fredrick Matanda, has filed a fresh application challenging as unconstitutional the Presidential Powers Act.In May, Matanda successfully challenged Constitutional Am...Published: 13 Jul 2021 at 09:07hrs | | by Staff reporter
'Beitbridge project among top deals of the year'
The Global Trade Review, the global trade finance magazine, has named the US$296 million project to rebuild Beitbridge Border Post among its top 11 worldwide deals of the year.Global Trade Rev...Published: 28 May 2021 at 08:03hrs | 1 | by Staff reporter
Zimbabweans mend shabby dollar notes amid economic crisis
Albert Marombe takes a grimy, tattered US$1 note and delicately, expertly glues it back into one piece, holding it up for inspection."I don't care how torn it is. All I want to see is the seri...Published: 25 Nov 2020 at 06:20hrs | | by AP
New Zimbabwe currency in 21 days
The Zimbabwe Reserve Bank is expected to launch a new series of Zimbabwe Dollars to replace the Bond notes and the non physical RTGS$ in twenty one days. An RBZ source who spoke to this report...Published: 10 Aug 2019 at 10:01hrs | 15 | by Mandla Ndlovu
Zesa Holdings' breach of contract
THE frustration and futility of it all; no person living in Zimbabwe is happy with the current electricity supply situation.Not even the most hopeful optimists can think brightly about power c...Published: 27 Jul 2019 at 16:30hrs | 1 | by Miriam Tose Majome
Mnangagwa looks to SA for electricity
President Mnangagwa is expected to meet his South African counterpart tomorrow to discuss whether Zimbabwe's neighbour can export more electricity to the country in light of the shortages being experi...Published: 06 Jul 2019 at 09:43hrs | | by Staff Reporter
Analysis of Mthuli Ncube's Statutory Instrument 142 of 2019
ON June 24, 2019, Zimbabwe woke to news of a statutory instrument with clearly far-reaching effects in that it alters the currency landscape. This instrument has been followed by directives from the R...Published: 01 Jul 2019 at 08:09hrs | 14 | by Mushoriwa Pasi
Zimbabwe Currency: Taking back control
Zimbabwe is on a journey. A marathon. Indeed, sometimes it feels more of a steeplechase. As although the journey has just begun, we have faced a multitude of challenges to overcome already. This was n...Published: 29 Jun 2019 at 20:05hrs | 2 | by Prof Mthuli Ncube
Joice Mujuru speaks out
Former Vice President Joice Mujuru says the statutory Instrument 142 of 2019 gazetted by Finance and Economic Development Minister Mthuli Ncube on Monday will not work.Ncube on Monday ba...Published: 24 Jun 2019 at 20:04hrs | | by Mandla Ndlovu
Mthuli Ncube speaks of Zim dollar imminence
The imminent move to reintroduce the Zimbabwean dollar was first revealed to journalists in a meeting between Finance Minister Mthuli Ncube and media practitioners in an off the record meeting on Sund...Published: 24 Jun 2019 at 11:21hrs | | by Staff Reporter
Zim Dollar back?
The following statement is trading online today. Is the Zimbabwe dollar now going to be the sole currency for legal tender purposes?...Published: 24 Jun 2019 at 11:20hrs | 2 | by Staff Reporter
Mnangagwa lays out Zimbabwe currency roadmap
The country should expect the reintroduction of a local currency before the end of the year, President Mnangagwa has said. He said this while addressing Southlea Park residents in Harare after taking ...Published: 08 Jun 2019 at 07:49hrs | 1 | by Staff reporter
Why Mthuli Ncube's new currency is likely to be doomed
THE announcement by Finance minister Mthuli Ncube of his intention to introduce "a new, fully-fledged currency" in 12 months piqued the interest of the general public in Zimbabwe.It comes soon...Published: 19 Apr 2019 at 11:08hrs | | by Martin Tarusenga
Government to introduce a new currency called E-Zollar by September?
In a pretexted bid to bring an end to the nation's perennial nightmarish currency woes, government is allegedly working on a secret plan to introduce a digital Zimbabwe dollar, as soon as a new curren...Published: 29 Mar 2019 at 09:00hrs | 14 | by Spotlight
Zimbabwe currency reforms open can of worms
While the RBZ's new monetary policies have significantly eased the country's currency problems, the much-needed reforms have also brought with them a number of unintended consequences for business- in...Published: 21 Mar 2019 at 07:54hrs | 1 | by Staff reporter
Insurance companies, Peoples Savings, Fixed income earners at Risk due to unstable economy.
Zimbabwe financial system is still in a disarray despite the measures unpacked in the monetary policy statement of the first half of year 2019 with Dr Mangudya on 19 February. The economy is continuou...Published: 10 Mar 2019 at 07:04hrs | 4 | by Elvis Dzvene
Foreign investors can finally take money out of Zimbabwe
Foreign investors on the Zimbabwe Stock Exchange are likely to take a huge foreign exchange loss on their investments, but at least they can now have their money back following a new directive by the ...Published: 04 Mar 2019 at 19:33hrs | 1 | by Staff reporter
Botswana credit line to Zimbabwe unpacked
The $95-million credit line to Zimbabwe is earmarked for the private sector and revival of struggling industries.Although this is a drop in the ocean to what Zimbabwe requires for total recove...Published: 04 Mar 2019 at 07:29hrs | 3 | by DW
SA banks block Zimbabwe currency imports
SOUTH African banks have blocked their Zimbabwe counterparts from importing United States dollars as a measure to mitigate the risk associated with dealing with Harare-based institutions, a senior Res...Published: 28 Feb 2019 at 06:18hrs | 2 | by Staff reporter
Can the Zimbabwe currency situation be solved using innovative technology?
Zimbabwe has been ravaged by price increases and shortages of basic commodities such as fuel. A new technology business, ZIMBOCASH, says the direct cause of these challenges is money printing. ...Published: 19 Feb 2019 at 16:58hrs | | by Staff reporter
Can the Zimbabwe currency situation be solved using innovative technology?
Zimbabwe has been ravaged by price increases and shortages of basic commodities such as fuel. A new technology business, ZIMBOCASH, says the direct cause of these challenges is money printing. ZIMBOCA...Published: 19 Feb 2019 at 11:37hrs | 12 | by Agencies
Mnangagwa offers Air Zimbabwe to Ethiopia?
President Emmerson Mnangagwa is reported to have offered Ethiopian Airlines a de3al to takeover and run the beleaguered and indebted Air Zimbabwe.This was revealed by veteran author and journa...Published: 14 Feb 2019 at 14:06hrs | 9 | by Mandla Ndlovu
Mthuli Ncube shoots down Biti's fear mongering attempt
FORMER Finance minister Tendai Biti yesterday sensationally claimed that government was planning to reintroduce a local currency this week, describing the purported move as "pure undiluted insanity"....Published: 12 Feb 2019 at 07:32hrs | 2 | by Staff reporter
Government speaks on new Zim currency
The Deputy Minister of Information, Publicity and Broadcasting Services Energy Mutodi has poured cold water on revelations by former Minister of Finance Tendai Biti that Zimabbwe would be introducing ...Published: 11 Feb 2019 at 12:00hrs | 2 | by Mandla Ndlovu
Load More Stories
