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WATCH: Mnangagwa mocks bond note, celebrates 'real money'

President Emmerson Mnangagwa Thursday mocked the local RTGS currency saying it was not real currency as compared to the United States dollar.He said this in Ngangu, Chimanimani where he had visited together with leaders of some opposition …

Published: 05 Apr 2019 at 07:05hrs | 16 | by newzimbabwe

The current monetary policy review will worsen current fiscal imbalances

Background and Review It was trajectory, forex premiums is hurting Zimbabweans and hostile to business environment. FCA accounts have yielded positive results. FCM has increased deposits, largely business is being charged in electronic mon…

Published: 20 Feb 2019 at 17:25hrs | 3 | by Tinashe Eric Muzamhindo

RTGS is the electronic version of the bond note

Firstly, is the RBZ going to print the RTGS dollars or not?  Either way the effect is the same because previously they created RTGS balances from thin air while physically printing bond notes. On along there was about 500 million wort…

Published: 20 Feb 2019 at 16:37hrs | 3 | by Colls Ndlovu

Mnangagwa's sugarcandy mountain

The decision by the Zimbabwe government to increase fuel price is insane and unrelated to the underlying causes of fuel shortages but everything to do with benefiting the ruling gang of vampire elites and the whole coterie of sycophants an…

Published: 13 Jan 2019 at 15:17hrs | 7 | by Sam Wezhira

The fallacy of production in Zimbabwe!!

There is this fallacy in Zimbabwe and among Zimbabweans that production is a pre-conditionality for economic revival. This view  unfortunately misses the point altogether. Zimbabweans do not seem to understand that production is a fun…

Published: 10 Jan 2019 at 12:45hrs | | by Colls Ndlovu

Is bond and RTGS the official currency of Zimbabwe? Govt must walk the talk on currency reforms

When the current minister of finance and economic development was tipped of his imminent appointment he spelled out what seemed to be his objective, that is to remove bond note and either adopt the Rand or the United States dollar by the e…

Published: 03 Jan 2019 at 07:47hrs | 3 | by Henry Madiro

Is production a pre-requisite for Rand usage in Zimbabwe?

Firstly the bond note needs to be abolished or removed from the multicurrency system.Once you have removed the bond note, you have restored credibility in the currency (that is US$s, Rands, etc) simply because the remaining currencies enjo…

Published: 29 Dec 2018 at 09:42hrs | | by Colls Ndlovu

Zimbabwe now has the cheapest fuel prices in Southern Africa

The unofficial three-tier forex pricing system now prevalent in the Zimbabwean market space, comprising of the USD/Bond Note pricing, the USD/RTGS deposit pricing and the Bond Note/RTGS pricing, has in real terms, made Zimbabwe fuel prices…

Published: 28 Sep 2018 at 18:38hrs | 14852 | by Martin Majaji

Confidence in the financial sector

At the heart of the economy, is the financial system. And at the heart of the financial system, is the confidence in the sector. However the system is sensitive to the expectations of the unknown and lack of confidence. Questions are posed…

Published: 29 Oct 2017 at 11:19hrs | 5 | by Tryson G. Dube

Money changers embrace bond notes

As Zimbabweans warm up to the bond notes introduced by the Reserve Bank of Zimbabwe (RBZ) yesterday, a snap survey at the notorious money changers market at Road port in Harare revealed that it was business as usual as the bond note is tra…

Published: 01 Dec 2016 at 16:28hrs | 2 | by Bevan Musoko

Bond notes dilemma

Next week which is the end of November, bond notes will start circulating in the financial system as legal tender provided Parliament passes the legislation this week. Bond notes were conceived as a panacea to the cash shortages caused by …

Published: 23 Nov 2016 at 14:41hrs | 2445 | by Dr Tapiwa Mashakada MDC-T Shadow Minister of Finance

POEM: Rauya Bond

Yakagadzwa hadyana yemutakunanzva wehwohwa Vakange vanyatsoibika mbuya vaTarisai Kuikwenenzvera sare yatsvukira sekunonzi inyama Zvinaniko chaive chivharanhomba Hwohwa hausi nyama igaroziva wani Ndinoreva iro bond note radai kuti pfacha mu…

Published: 02 Nov 2016 at 17:50hrs | 2 | by Nkosilathi Emmanuel Moyo, Snr.

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