Search / Zimdollars
Mnangagwa's govt paying lip service to ZWG
In a critical assessment of Zimbabwe Gold (ZWG), industry experts predict that the future post-mortem will reveal the government's own policies as the primary culprit behind the currency's struggles. ...Published: 20 Sep 2024 at 08:02hrs | 460 | by Staff reporter
Mthuli Ncube pleads for patience on ZiG
FINANCE minister Mthuli Ncube has pleaded for patience with the recently introduced Zimbabwe Gold (ZiG) currency amid an uproar from the public over the disruptions it has caused to transactions....Published: 12 Apr 2024 at 09:51hrs | | by Staff reporter
Service providers stop trading in Zimdollars
A MAJORITY of service providers and shops in the country were yesterday rejecting payments in local currency arguing that they were migrating to the new Zimbabwe Gold (ZiG) currency in a development t...Published: 07 Apr 2024 at 10:07hrs | 1 | by Staff reporter
'Parents can pay examination fees in Zimdollar'
The Zimbabwe Schools Examination Council has opened a one week window for parents and guardians to pay examination fees for the June 2024 Ordinary and Advanced Level examinations in local currency at ...Published: 15 Mar 2024 at 07:09hrs | 1 | by Staff reporter
Mnangagwa says parastatals should consider receiving payments in Zimdollars
GOVERNMENT has warned departments and parastatals accused of charging for services exclusively in foreign currency, saying they are acting outside the law.Speaking in Parliament during a quest...Published: 09 Mar 2024 at 11:13hrs | | by Staff reporter
Zimbabwe govt sets new US$ fees for lost documents
GOVERNMENT has introduced a basket of new fees exclusively pegged in United States dollars for citizenship application or replacement of lost identity documents.According to Statutory Instrume...Published: 01 Feb 2024 at 05:00hrs | 1 | by Staff reporter
'Zinara letting us down'
BULAWAYO needs a minimum of US$15 million per annum to maintain its road network which deteriorates each rainfall season when heavy rains pound the ageing roads, mayor David Coltart has said.O...Published: 24 Jan 2024 at 19:33hrs | | by Staff reporter
Zimbabwe govt urged to dollarise pensions
THE Zimbabwe National Union of School Heads (Zinush) has pleaded for the dollarisation of pensions as inflation continues to eat away the life savings of educators, condemning many to poverty after ye...Published: 27 Dec 2023 at 07:32hrs | 12 | by Staff reporter
Siziva tears into Ncube's budget
CITIZENS Coalition for Change (CCC) deputy spokesperson Gift "Ostallos" Siziva has called on Finance, Economic Development and Investment Promotion minister Mthuli Ncube to reverse his decision to tax...Published: 05 Dec 2023 at 20:39hrs | 13 | by Staff reporter
Minister loses money to fraudsters
CCC MP calls out delays in RBZ's currency auctionAn opposition legislator has raised concern over delays in the disbursement of foreign currency from the Reserve Bank of Zimbabwe (RBZ)'s auction s...Published: 30 Nov 2023 at 06:55hrs | | by Staff reporter
OK Zimbabwe says 70% of goods they sell are local
OK Zimbabwe, the country's biggest supermarket chain, says local goods still dominate its shelves despite the government opening up the borders to grocery imports.CEO Max Karombo says up to 70...Published: 29 Sep 2023 at 11:29hrs | | by Staff reporter
Zimdollar future hangs in the balance
IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...Published: 12 Sep 2023 at 06:33hrs | | by Eddie Cross
Zimbabwe govt maintains tight monetary, fiscal measures
GOVERNMENT yesterday said it would continue with the tight fiscal and monetary policy measures that include increasing the retention on domestic foreign currency sales to 100%, among others.Ac...Published: 08 Sep 2023 at 06:31hrs | | by Staff reporter
Vehicle owners demand US$ from Zec
OWNERS of vehicles hired by the Zimbabwe Electoral Commission (Zec) for various election-related tasks have lamented receiving payment in local currency at the interbank rate instead of United States ...Published: 14 Aug 2023 at 06:35hrs | 9 | by Staff reporter
Zimdollars rain at Chamisa's rally
OPPOSITION leader Nelson Chamisa made Sakubva Sports Oval rain with Zimdollar notes after declaring that once he is elected President, he will do away with the local currency, violence and centralisat...Published: 07 Aug 2023 at 06:42hrs | 8 | by Staff reporter
Zimbabwe govt loses battle on the redollarisation of salaries
THE government has issued a circular allowing public entities to pay salaries and allowances partly in United States dollars, in a development that shows the state is losing the war of redollarisation...Published: 27 Jul 2023 at 20:31hrs | 4 | by Staff reporter
Zimbabwe pensioners protest over US$ allowances
PENSIONERS in Bulawayo yesterday protested at the National Social Security Authority (NSSA) offices demanding that their pensions be paid in United States dollars.NSSA authorities had to call ...Published: 14 Jul 2023 at 07:47hrs | 14 | by Staff reporter
Zimbabwe economy now in hyperinflation, says CZI
THE Confederation of Zimbabwe Industries (CZI) says the country is now in hyperinflation citing the shooting up of the blended month-on-month rate by nearly 59 percentage points last month.Thi...Published: 06 Jul 2023 at 08:22hrs | 10 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 12 | by Martin Majaji
'Zimdollar will never die'
ZIMNAT Asset Management says the Zimbabwe dollar, which has lost 99% of its value since it was reintroduced in 2019, will not collapse, but rather get relegated to low value transactions.At th...Published: 21 Jun 2023 at 06:24hrs | 2 | by Staff reporter
Redollarise, labour tells Zimbabwe govt
CALLS for the government to redollarise Zimbabwe's economy are growing louder, with labour unions saying it would arrest inflation which has wiped out salaries.Zimbabwe's month-on-month inflat...Published: 29 May 2023 at 06:35hrs | 131 | by Staff reporter
Massive price hikes throw the Zimbabwe economy into turmoil
THE Zimbabwean government is having sleepless nights over price hikes, which have continued unabated, plunging low-income earners into immense poverty, a snap survey by The NewsHawks.Commodity...Published: 28 May 2023 at 17:54hrs | | by Staff reporter
Zimbabwe shifts to new 'blended' inflation that includes USD, Zimdollar prices
Zimbabwe will now measure inflation using a weighted average of goods and services priced in Zimdollars and US dollars, according to a Ministry of Finance statutory instrument gazetted yesterday in re...Published: 04 Mar 2023 at 08:12hrs | 1 | by Staff reporter
Fresh moves to promote use of Zimdollars
GOVERNMENT will enhance tax collections in local currency and maintain interest rates at par with inflation to promote the use of the Zimbabwe dollar in local transactions, Treasury has said.A...Published: 12 Feb 2023 at 07:35hrs | | by Staff reporter
$130 billion Zimdollars earmarked for massive roadworks
ZIMBABWE will double down on road development projects this year, with Treasury and the Zimbabwe National Roads Administration (ZINARA) injecting over $130 billion to rehabilitate about 10 000 kilomet...Published: 15 Jan 2023 at 09:40hrs | | by Staff reporter
Mthuli Ncube rules out income tax relief
FINANCE minister Mthuli Ncube (pictured) says raising the income tax threshold again after the previous one in August would have been too soon because widening this tax relief further is dependent on ...Published: 02 Dec 2022 at 04:58hrs | | by Staff reporter
Zimbabwe Foreign Affairs budget won't last 6 months
THE Foreign Affairs ministry has decried the low budgetary allocation it received in the 2023 National Budget saying it is inadequate to meet challenges faced by the country's embassies.Foreig...Published: 01 Dec 2022 at 05:00hrs | 1 | by Staff reporter
Zimdollar has made citizens poorer
WE can't progress if we don't accept reality and correct our shortcomings. It's a fact that the Zimdollar has brought more problems to our sick economy.The Zimdollar prescription is adding mor...Published: 21 Nov 2022 at 04:57hrs | 1 | by Patriot
Zimdollar dollar budget will fuel inflation
AFRICA Economic Development Strategies executive director Gift Mugano has warned that the proposed $3,4 trillion 2023 national budget will fuel inflation and deepen the economic crisis in the southern...Published: 08 Nov 2022 at 05:09hrs | | by Staff reporter
Zimdollar notes are disappearing on the streets
October temperatures start to climb early in Harare, but by noon beverages vendor Davis Kugara is already counting his losses for the day.One after the other, many of his potential customers a...Published: 04 Oct 2022 at 22:15hrs | | by Staff reporter
American economist wants Zimbabwe to disband its central bank
AMERICAN economist Steve Hanke says the Reserve Bank of Zimbabwe (RBZ) needs to immediately be completely removed from all monetary matters, blaming the bank for all the inflationary problems facing t...Published: 07 Sep 2022 at 06:44hrs | | by Staff reporter
85% of gold coins sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) has revealed that 1 500 gold coins were sold by its agents during the first week of their release onto the market, signalling a strong demand for the yellow metal cu...Published: 02 Aug 2022 at 06:53hrs | 7 | by Staff reporter
RBZ releases only 2 000 gold coins
THE Reserve Bank of Zimbabwe (RBZ) yesterday released 2 000 Mosi-oa-Tunya gold coins worth US$3,6 million onto the market and indicated that it would introduce smaller denominations to cater for the l...Published: 26 Jul 2022 at 06:40hrs | 9 | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | | by Staff reporter
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
New toll fees raise dust
MOTORISTS are crying foul after the Zimbabwe National Roads Administration (Zinara) hiked toll fees by 73%, which will result in long-distance transporters hiking fares.In a statement, Zinara ...Published: 25 May 2022 at 06:34hrs | 1 | by Staff reporter
Action, not rhetoric, Sir
DEAR President Emmerson MnangagwaYour Excellency, if truth be told, Zimbabwe ought not have been in a persistent vegetative state. She was the jewel of Africa at independence in 1980. Yet, eve...Published: 13 Apr 2022 at 06:41hrs | | by Cyprian M Ndawana
Who is benefiting from Zimbabwe's crazy fuel price hikes?
THE government is at it again, making the lives of Zimbabweans unbearable and the country nearly unlivable due to high fuel prices. And the worst is yet to come, after the Zimbabwe Energy Regulatory A...Published: 10 Mar 2022 at 06:11hrs | | by Staff reporter
'Schweppes selling mostly in Zimdollars'
Beverages maker, Schweppes Zimbabwe, says the bulk of its domestic market sales are being conducted in local currency while US dollars constitute only a small portion.Chief executive Mr Charle...Published: 08 Mar 2022 at 05:39hrs | | by Staff reporter
Zimbabwe a country with no coins, US$1 is more useful than US$100
ADRIANA Siwela, a 25-year-old college student in Harare, thought she could dash into a shop for a quick purchase of a US$2 packet of biscuits. But the cashiers sent her away. Her US$20 bill is conside...Published: 23 Feb 2022 at 05:49hrs | 10 | by Staff reporter
Chaos as schools open
CHAOS characterised the opening day of the first term yesterday as schoolchildren at different learning institutions in the country were sent back home after teachers and school heads failed to report...Published: 08 Feb 2022 at 05:39hrs | 2 | by Staff reporter
Zimbabwe on verge of redollarisation?
GOVERNMENT's failure to resolve a perennial currency crisis could push Zimbabwe back into dollarisation, analysts warned yesterday.In the past year, markets have been increasingly rejecting th...Published: 02 Feb 2022 at 05:33hrs | 8 | by Staff reporter
'Power tariffs hike to drive up prices'
ECONOMISTS and ordinary citizens yesterday said the 12,3% electricity tariff increases announced by the Zimbabwe Electricity Transmission Distribution Company (ZETDC) would lead to price hikes, and hi...Published: 03 Jan 2022 at 05:56hrs | 5 | by Staff reporter
School fees shocker for parents
ZIMBABWEANS should brace for a steep rise in school fees next year as learning institutions are pushing for increases of up to 300% to hedge against the depreciation of the local currency against majo...Published: 28 Dec 2021 at 07:17hrs | 7 | by Staff reporter
No to extortion on maternal health services in council clinics
THE Combined Harare Residents Association (CHRA) calls upon the Harare City Council to act decisively and stop harbouring and nurturing extortionist practices by health personnel in council clinics ag...Published: 05 Nov 2021 at 06:47hrs | 1 | by ZUJ
Zimbabwe moving in cycles
ZIMBABWE is reeling under the effects of bad leadership and awful ruling Zanu-PF party governance.With what is happening under President Emmerson Mnangagwa's rule, it would not be surprising i...Published: 25 Oct 2021 at 06:26hrs | | by Mai Ruru
Zimdollar market correction
A MAJOR highlight of this week's auction is the magnitude of currency depreciation. The Zimbabwean dollar (Zimdollar) weakened by the highest weekly margin since the beginning of the year, a strong si...Published: 08 Oct 2021 at 19:03hrs | 5 | by Respect Gwenzi
Trust gets US$5million, collapses in 3 years
THE Marange-Zimunya Community Share Ownership Trust (MZCSOT) has collapsed only three years after the Zimbabwe Consolidated Diamonds Corporation (ZCDC) injected US$5 million to prop it, a Zimbabwe Ind...Published: 08 Oct 2021 at 18:58hrs | 10 | by Staff reporter
'Public prefers US$ over Zimdollars'
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has blamed the widening gap between the official and parallel forex rates on locals preferring greenback over the local currency as a store of val...Published: 21 Aug 2021 at 07:35hrs | | by Staff reporter
TN Holdings' shop charged for refusing Zimdollars
A TN Holdings shop in Harare has been dragged to court for refusing to accept Zimdollar payments.This was revealed when company representative Ruth Nyambirai, who is head of retail at TN Holdi...Published: 12 Aug 2021 at 06:45hrs | | by Staff reporter
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