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You shall not crucify Zimbabwe on a cross of bond notes
RECENT dramatic events arising from allegations that certain officials of the Reserve Bank of Zimbabwe (RBZ) have been involved in currency malfeasance using the bond note as their lever to execute tr...Published: 03 Nov 2018 at 08:08hrs | 3288 | by Colls Ndlovu
Ex-CIO RBZ director suspended again
Reserve Bank of Zimbabwe has suspended its senior officials pending investigations into allegations levelled against them by Finance and Economic Development Ministry chairman of the communications ta...Published: 22 Oct 2018 at 21:39hrs | 8847 | by Staff reporter
Tendai Biti always has something to say
The Daily News on Sunday's Pauline Hurungudo sits down for a wide-ranging interview with former Finance minister Tendai Biti, who is also the deputy national chairperson for the MDC, about the state o...Published: 21 Oct 2018 at 14:19hrs | 1386 | by Staff reporter
How the Zimbabwe govt stole from its people, again
THERE is a scene in the 1978 classic movie, The Great Train Robbery, which portrays the destructive arrogance of Zimbabwe's monetary policy over the past two decades.After masterminding a gold...Published: 11 Oct 2018 at 06:41hrs | 1698 | by newZWire
RBZ moves to stabilise prices
PANIC-buying amid price hikes of basic commodities peaked at the weekend in response to the Reserve Bank of Zimbabwe (RBZ)'s monetary policy statement, which economists argued failed to stem public di...Published: 08 Oct 2018 at 08:02hrs | 11481 | by Staff reporter
Case for return of Zimdollar
In year 2014, I wrote an article explaining why the government should bring back our own local currency, and I was bashed by all and sundry. I am expecting the same reaction in response to this articl...Published: 02 Oct 2018 at 09:48hrs | 1533 | by Ayanda Nyanga
Foreign currency shortages erode RioZim earnings
RESOURCES group RioZim Limited's profit after tax dropped by 86% to $406 000 in the six months to June 30, from $2,9 million last year, despite higher gold production after the central bank failed to ...Published: 02 Oct 2018 at 09:44hrs | 141 | by Staff reporter
Zimbabwe's local currency bounces back
GOVERNMENT has technically de-dollarised the economy by reintroducing local currency bank accounts, which will be traded in electronic transfers and bond notes only, and piled more taxes on the transa...Published: 02 Oct 2018 at 09:43hrs | 471 | by Staff reporter
Acute foreign currency shortage erodes RioZim earnings
RESOURCES group RioZim Limited's profit after tax dropped by 86% to $406 000 in the six months to June 30, from $2,9 million last year, despite higher gold production after the central bank failed to ...Published: 02 Oct 2018 at 09:37hrs | 267 | by Staff Reporter
'Mthuli Ncube should grow a thick skin'
Prominent economist and former MDC executive member, Eddie Cross, has urged the new Finance Minister, Mthuli Ncube, to grow a thick skin and resist executive pressure to push him to spend more than wh...Published: 22 Sep 2018 at 09:30hrs | 1251 | by Staff reporter
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 | 1539 | 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 | 11224 | 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 | 5430 | 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 | 632 | 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 | 1114 | 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 | 900 | 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 | 282 | 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 | 8176 | 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 | 1711 | 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 | 3121 | 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 | 5730 | 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 | 1080 | 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 | 1669 | 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 | 2217 | 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 | 1356 | 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 | 2328 | 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 | 3878 | 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 | 10157 | 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 | 2363 | 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 | 1242 | 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 | 1307 | 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 | 3144 | 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 | 1010 | 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 | 27718 | 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 | 23632 | 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 | 2847 | 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 | 2726 | 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 | 6891 | 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
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