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Chamisa's MPs walk out on Mnangagwa
THE government has secured $500 million in foreign credit facilities to ease a cash crisis that has crippled local industry, President Emmerson Mnangagwa said yesterday at the official opening of the ...Published: 19 Sep 2018 at 06:27hrs | 1485 | by Staff reporter
Mnangagwa says no to return of Zimdollar
According to Zimbabwe's new president, conditions are not yet right for foreign currencies to be replaced by the Zimbabwean dollar.Zimbabwe's new president on Tuesday ruled out an early return...Published: 18 Sep 2018 at 19:37hrs | 10808 | by AFP
Zimbabwe dismisses new currency claims
The Reserve Bank of Zimbabwe (RBZ) has dismissed social media claims that the apex bank will introduce a new currency.In a statement, RBZ Governor, Dr John Mangudya said the claims are fake, a...Published: 18 Jul 2018 at 16:50hrs | 5304 | by Staff reporter
'No Zimdollar return'
The Reserve Bank of Zimbabwe (RBZ) has refuted claims circulating on social media about the reintroduction of the banished local unit.Social media sites such as WhatsApp, Facebook and Twitter ...Published: 05 Jul 2018 at 17:36hrs | 631 | by Staff rpeorter
RBZ dismisses Zimdollar return rumours
The Reserve Bank of Zimbabwe (RBZ) has advised members of the public to ignore and dismiss the social media article on the re-introduction of the local currency with the contempt it deserves.I...Published: 03 Jul 2018 at 14:15hrs | 1112 | by Staff reporter
Chamisa to ditch the bond notes in 2 weeks
MDC Alliance presidential candidate Nelson Chamisa has promised to ditch the bond notes as the country’s currency."Once we assume office in August just give me two weeks to deal with cash ch...Published: 03 Jul 2018 at 14:05hrs | 899 | by Staff reporter
Mukupe dismisses social media reports on Zimdollar return
FINANCE and Economic Planning Deputy Minister Terrence Mukupe has dismissed a statement circulating on social media announcing the re-introduction of the local currency.The statement purported...Published: 03 Jul 2018 at 06:52hrs | 281 | by Staff reporter
Fake letter on Zimdollar return an attempt to smear Mukupe
Government will not introduce a local currency before establishing the right and necessary import cover, Finance and Economic Development Deputy Minister Terrence Mukupe has said.Addressing a ...Published: 01 Jul 2018 at 19:56hrs | 8138 | by Staff reporter
Mariyacha to introduce Zimdollar within a year
United Democratic Movement leader and 2018 Presidential candidate Mrs Violet Mariyacha says if elected, her government will bring back the Zimbabwean dollar within a year.Her main worry, she s...Published: 01 Jul 2018 at 19:54hrs | 1679 | by Staff reporter
Zimdollar to make a comeback, says Chiwenga
Vice President Constantino Chiwenga says the Zimbabwe dollar will be reintroduced at an "appropriate time", after the government has fixed the country's ailing economy.According to the state-o...Published: 30 Jun 2018 at 17:34hrs | 3111 | by Staff reporter
US dollar black market rate soars
A crazed pre-election demand for the United States dollar has pushed the black market premium to an all-time high as shortages of foreign exchange fuels a roaring currency black market now driving up ...Published: 28 Jun 2018 at 16:11hrs | 5693 | by Staff reporter
Zimdollar at appropriate time, says Chiwenga
GOVERNMENT will reintroduce a Zimbabwean currency at the appropriate time as part of a sustainable economic growth strategy, Vice President Constantino Chiwenga has said. He was addressing a Zanu-PF r...Published: 28 Jun 2018 at 06:52hrs | 1074 | by Staff reporter
Economists ponder Zimdollar return
ZIMBABWE will have to use the parallel market rate to determine the official exchange rate when it introduces a new currency, economic commentators have said.The country adopted a multi-curren...Published: 27 Jun 2018 at 06:50hrs | 1661 | by Staff reporter
Mnangagwa hints on Zimdollar return
PRESIDENT Emmerson Mnangagwa on Saturday hinted on plans to reintroduce the Zimbabwe dollar to curb the current cash shortages.Addressing a Zanu-PF campaign rally in Bulawayo, Mnangagwa said t...Published: 25 Jun 2018 at 07:34hrs | 2214 | by Staff rpeorter
Mnangagwa headache over moneychangers
Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice.This comes as th...Published: 07 Jun 2018 at 15:13hrs | 1346 | by Staff reporter
'Zimbabwe needs own currency'
Since the President Emmerson Mnangagwa-led new dispensation took charge last November, long-suffering Zimbabweans feel the country's economy has remained in the doldrums.The cash crisis, which...Published: 20 May 2018 at 19:46hrs | 2319 | by Staff reporter
'Chart path towards Zimdollar return'
GOVERNMENT should start developing a clear monetary plan for the introduction of local currency at the appropriate time when necessary measures have been put in place, an official said yesterday....Published: 25 Apr 2018 at 07:00hrs | 356 | by Staff reporter
Too early for ZimDollar return, says Mukupe
Government will not introduce a local currency before establishing the right and necessary import cover, Finance and Economic Development Deputy Minister Terrence Mukupe has said.Addressing a ...Published: 12 Apr 2018 at 07:07hrs | 505 | by Staff reporter
'Mnangagwa is playing CHESS to Chamisa's DAFT,' says Gara - ED has his Achilles' heel too
"Rine manyanga hariputirwi!" (No matter how well one tries to hide the truth, it will always come out!) so goes the Shona adage. Ever since the last November coup President Mnangagwa has tried so hard...Published: 30 Mar 2018 at 07:50hrs | 3635 | by Wilbert Mukori
Mnangagwa heading for landslide victory - 2018 elections
Today I read an article "Zimbabwe six months on: Life in the fast lane" by Eddie Cross. I just had to respond to him and many other opposition hopefuls. In his article Eddie, whom I respect for callin...Published: 29 Mar 2018 at 22:16hrs | 10138 | by Noble Tawanda Ngara
Insurers to pay for Zimdollar losses
Insurance policy-holders and pensioners should be compensated for loss of value suffered as a result of hyperinflation in 2007-8 and the country's adoption of a multi-currency system in 2009, a commis...Published: 12 Mar 2018 at 05:51hrs | 557 | by Staff reporter
Zimdollar pensions values set at Z$13m/US$1
A commission of inquiry set up to probe the process used to convert pensions and insurance benefits following dollarisation of the economy in 2009 has come up with a conversion ratio from Zimdollar to...Published: 10 Mar 2018 at 14:28hrs | 2362 | by Staff reporter
'Zimdollar is the solution to economic stabilisation'
ECONOMIC consultant Nqobizitha Dube has called for the re-introduction of the local currency saying that was the only road to economic stabilisation.Dube made the remarks at the Alpha Media Ho...Published: 27 Feb 2018 at 05:59hrs | 1241 | by Staff reporter
Mnangagwa speaks on local currency
GOVERNMENT is working around the clock to address key macro-economic fundamentals, which will pave way for the introduction of a currency that is not collapsible, President Emmerson Mnangagwa has said...Published: 26 Jan 2018 at 06:07hrs | 3623 | by Staff reporter
'Bond notes removal will stabilise prices'
THE solution to the wanton price increases for basic commodities in the country lies in the use of a proper currency and not bond notes, analysts have said.They said the setting up of an ad ho...Published: 21 Jan 2018 at 11:16hrs | 1300 | by Staff reporter
Challenges that have faced dialogue around Gukurahundi genocide
"The creation, arming and dispatching of Gukurahundi to this part of the country was not my role. It was the role of the security committee chaired by Mugabe whose members were Emmarson Munangwagwa, S...Published: 16 Jan 2018 at 13:35hrs | 3136 | by Dumisani Mpofu
Zimbabwe not ready to have its own currency
ZIMBABWE is not ready to have its own currency until productivity levels recover to allow for the creation of reserves that will improve the liquidity situation, economic experts have said.Spe...Published: 13 Dec 2017 at 05:19hrs | 995 | by Staff reporter
Zimdollar will be back
GOVERNMENT is working with friendly nations such as China and South Africa to reinvigorate the economy to levels that allow for the re-introduction of the local currency, Special Advisor to President ...Published: 09 Dec 2017 at 05:53hrs | 1105 | by Staff reporter
'Brace for Zimdollar return'
President Emmerson Mnangagwa's government will soon reintroduce the Zimbabwean dollar which will be anchored by international goodwill, Special Advisor to the President Chris Mutsvangwa has said....Published: 08 Dec 2017 at 12:29hrs | 9062 | by Staff reporter
Biti blasts reintroduction of ZimDollar idea
Former Finance Minister Tendai Biti has said the opposition MDC alliance will offer it's alternative policy vision and critique of 2018 budget today."The MDC ALLIANCE will offer its alternativ...Published: 08 Dec 2017 at 07:14hrs | 6295 | by Simbarashe Sithole
Zimbabwe to have its own currency
President Emmerson Mnangagwa's top priority is to ensure Zimbabwe has its own currency so as to stimulate economic growth and build investor confidence in the country, an official has said.A...Published: 08 Dec 2017 at 04:22hrs | 27715 | by Staff reporter
'Zimbabwe must have own currency'
THE political leadership in Zimbabwe should work closely with international investors to revamp the manufacturing sector through crafting strategies that spur economic growth and lead to the return of...Published: 30 Nov 2017 at 05:09hrs | 1374 | by Staff reporter
Mnangagwa's Dis-trustfulness surfaces just a minute before he assumes Power
Just three days ago, Mnangagwa mechanisms appealed to the people of Zimbabwe to unite and show Mugabe how bad a leader he was. The Nation responded after Mnangagwa-war-veterans had pledged that they n...Published: 20 Nov 2017 at 11:27hrs | 23602 | by Ryton Dzimiri
'Zimdollar' takes over as US$ disappears
Real time gross settlement (RTGS) balances, bond notes and treasury bills (TBs) are part of the "local dollars" as they are used solely for local transactions, unlike the greenback, a financial expert...Published: 12 Nov 2017 at 07:54hrs | 2846 | by Staff reporter
The 'new Zimdollar', hyperinflation
APPLIED economics professor Steve Hanke, has said that Zimbabwe is now experiencing hyperinflation for the second time in less than 10 years and has pointed out the creation of what he calls the "new ...Published: 10 Nov 2017 at 11:36hrs | 2646 | by Omega Ukama
Zimdollar returns?
PDP President Tendai Biti yesterday warned Zimbabweans to brace up for a huge fight against the impending introduction of the Zimbabwean dollar.Delivering the second edition of the State of th...Published: 26 Oct 2017 at 11:10hrs | 6880 | by PDP
Zimbabwe panic sends Bitcoin soaring over $6,000?
Bitcoin is the latest indicator to show that Zimbabwe's attempts to defy economic gravity will, as before, result in unplanned-for consequences and bruises on the way down.According to ...Published: 20 Oct 2017 at 16:33hrs | 6494 | by Staff reporter
Re-introducing the Zimdollar will be economic suicide
THE adoption of bond notes as official currency would worsen the parallel market, thereby, quickening inflation, analysts have warned.Last week, government's top adviser on ease of doing busin...Published: 04 Sep 2017 at 06:54hrs | 731 | by Staff reporter
Zimdollar to return
GOVERNMENT is building diamond and gold reserves to back the local currency upon its re-introduction in future, Vice-President Emmerson Mnangagwa has said.VP Mnangagwa refused to disclose when...Published: 28 Jul 2017 at 06:28hrs | 1574 | by Staff reporter
Zimbabwe no country for 'nice men'
In 2000, after the ruling Zanu-PF party had been shocked by the opposition at elections, it went through some soul searching.Just five years earlier, Zanu-PF had won 118 of the 120 seats on of...Published: 14 Jul 2017 at 07:05hrs | 689 | by The Source
Chinamasa pledge raises eyebrows
Finance minister Patrick Chinamasa's pledge that the Reserve Bank of Zimbabwe (RBZ) will continue to give exporters incentives under a $200 million African Export-Import Bank (Afrexim Bank) loan schem...Published: 04 Jun 2017 at 20:16hrs | 164 | by Staff reporter
Zimbabwe mulls Zimdollar return
There is widespread panic among both businesses and ordinary Zimbabweans alike, after President Robert Mugabe's ever-floundering government ill-advisedly announced last Tuesday that it was working on ...Published: 21 May 2017 at 16:32hrs | 3180 | by Staff reporter
Zimdollar return to be anchored by gold reserves
Government is working on a plan to establish a gold reserve set to anchor the introduction of a local currency when the right time comes for the return to the Zimdollar, it has been learnt.Thi...Published: 16 May 2017 at 06:35hrs | 756 | by Staff reporter
Tsvangirai's MDC-T backs rand adoption
Morgan Tsvangirai's MDC has said it backs the adoption of the South African rand as the primary currency.In an interview with the Daily News yesterday, MDC shadow finance minister Tapiwa Masha...Published: 28 Apr 2017 at 15:51hrs | 714 | by Staff reporter
Zimbabwe fast turning into a coin country
Fears abound that further injection of the bond notes by the RBZ into the market could fuel inflation.IT is high noon in Harare and a young woman in strappy stilettos confidently walks out of ...Published: 27 Apr 2017 at 09:00hrs | 2014 | by Staff reporter
Zimdollar return imminent?
If visibility and predictability are two foundations upon which stable financial markets are built, comments from the Reserve Bank of Zimbabwe (RBZ) last week on the adoption of bond notes as ...Published: 17 Apr 2017 at 11:20hrs | 1721 | by Staff reporter
Zimbabwe panics as wheels come off
With Zimbabwe's economy continuing to die - as manifested by rising poverty levels, worsening job losses and severe cash shortages - the government is showing signs of panic, amid fresh warnin...Published: 15 Apr 2017 at 14:53hrs | 1541 | by Staff reporter
Zimdollar payouts haunts Old Mutual
Old Mutual faces its first major challenge from a policyholder over its very low post-hyperinflation payouts as the London-listed giant has been served with summons by a Harare veterinarian surgeo...Published: 27 Mar 2017 at 06:42hrs | 1311 | by The Herald
Zimdollar killer aunt to do community service
A WOMAN from Bulawayo who indiscriminately assaulted her nephew to death for allegedly stealing Z$100 000, was yesterday ordered to perform 360 hours of community service.Ntombizodwa Ncube...Published: 15 Mar 2017 at 05:29hrs | 290 | by Staff reporter
Zimbabwe blow billions of 'fictional' dollars
As Zimbabwe's clueless government continues to blow billions of "fictional" dollars that it does not have - on trinkets and its bloated workforce - experts have issued a fresh warning that the cou...Published: 09 Mar 2017 at 08:44hrs | 4036 | by Staff reporter
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