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Zimbabwe cash crisis spirals out of control
IT is an August morning in Harare. Winter winds are blowing cold. Samuel braves the cold, wakes up at 3am from his Kuwadzana home and treks to the central business district to look for cash at the ban...Published: 15 Aug 2019 at 07:28hrs | 1 | by Staff greporter
Mnangagwa's gamble works for the economy
Monetary Policy is defined as an attempt to achieve broad economic goals by the regulation of the supply of money. The 2018 Monetary Policy Statement (MPS) was prepared on the narrative that Zimbabwe ...Published: 23 Feb 2019 at 09:09hrs | 1 | by Dr Masimba Mavaza
Mthuli Ncube told to let the bond float
GOVERNMENT should not peg the exchange rate of the bond note, allowing it to float freely within the multi-currency system as a first step towards the introduction of a proper local currency, a local ...Published: 30 Sep 2018 at 19:01hrs | | by Staff reporter
Zimbabwe economy in safe hands
THE appointment of a leaner Cabinet by President Emmerson Mnangagwa is not only welcome, but also goes a long way in demonstrating that the President listened to the people, mindful of the need to man...Published: 19 Sep 2018 at 07:25hrs | 1 | by Daniel Ngwira
Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | | by Staff reporter
Why RBZ cash injections won't ease crisis
SINCE the Reserve Bank of Zimbabwe (RBZ) announced incremental cash injections into the economy in July, bank queues have persisted; demand for foreign exchange has remained high while the parallel ma...Published: 23 Aug 2018 at 06:38hrs | | by Staff reporter
Mnangagwa performance: Is it worthy second chance?
ZIMBABWEANS will on Monday hold crucial elections, where they will be choosing the country's next President and Members of Parliament to guide the nation in the next five years.NewsDay will, i...Published: 25 Jul 2018 at 07:45hrs | 1 | by Mthandazo Nyoni
Beyond the rhetoric, what does Mnangagwa offer?
When President Emmerson Mnangagwa (pictured)came to power, I was one of the sceptical ones, as he has been in government since independence and I believed he was as much to blame for the economic, pol...Published: 05 Jul 2018 at 07:10hrs | | by Nqaba Matshazi
Political novices spoiling the 2018 electoral broth
The presidential nomination court witnessed a record 23 presidential candidates successfully filing their papers ahead of Zimbabwe's 2018 harmonised elections. Indeed, this was good for democracy as a...Published: 26 Jun 2018 at 17:07hrs | 2 | by Elijah Chihota
Cash shortages to ease in coming months, says Mnangagwa
President Mnangagwa says cash shortages are set to ease in the coming months on the back of increased investment inflows and targeted economic interventions. These include reforms in the minin...Published: 02 Jun 2018 at 15:38hrs | 2 | by Staff reporter
NMB Bank partners World Remit, Small World
NMB Bank has partnered with global money transfer agents World Remit and Small World Financial Services to provide further options for Zimbabweans wanting to receive money from other countries....Published: 01 Jun 2018 at 14:18hrs | 4 | by Agencies
More externalised funds coming
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says more individuals and companies continue to heed Government's call to repatriate funds salted away in prior years.The RBZ is next w...Published: 27 May 2018 at 10:06hrs | | by Staff reporter
Mnangagwa paid a $2,000 bribe in Mozambique
After he fled Zimbabwe in October last year and crossed into Mozambique, the then fired vice-president and now Zimbabwean President Emmerson Mnangagwa handed an armed member of Renamo about $2000 (R25...Published: 23 May 2018 at 11:13hrs | 2 | by Staff reporter
Zimbabwe in safe hands, cash situation to improve - Mnangagwa
President Mnangagwa says the country is expecting another cash injection in addition to the $100 million that has been received from the UK, and this will help ease the current cash shortages....Published: 20 May 2018 at 07:06hrs | 2 | by Staff Reporter
Followers abandon prophets' churches?
HAVING taken the gospel space by storm over five years ago, there is a feeling people are slowly abandoning the various churches led by prophets.Numbers at various churches have been dropping ...Published: 18 May 2018 at 16:11hrs | 3 | by Staff reporter
Losing Zanu-PF MPs in rebellion
Zanu-PF legislators who lost in the recently-held primary polls are becoming rebellious in their attitude in the National Assembly which could force the ruling party to rely on the whip system to push...Published: 15 May 2018 at 07:22hrs | | by Staff reporter
Tobacco cash flows fail to improve liquidity
Foreign currency raised from this year's tobacco sales has not improved Zimbabwe's liquidity position because of the significant increase in the fuel import bill caused by a hike in international oil ...Published: 14 May 2018 at 07:55hrs | | by Staff reporter
ZITF chance for Mnangagwa to sell Zimbabwe
THE Zimbabwe International Trade Fair (ZITF) starts this week in Bulawayo and the authorities need to take full advantage of this trade and marketing opportunity.While the trade fair has been ...Published: 23 Apr 2018 at 07:10hrs | | by Staff reporter
Mnangagwa brings the money
President Emmerson Mnangagwa's amnesty for illegal externalisation of money has shored up Zimbabwe's foreign currency reserves – and has also exposed the impunity with which companies and individual...Published: 03 Apr 2018 at 07:08hrs | 4 | by Staff reporter
Firm smuggles $25M cash across border
PRESIDENT Emmerson Mnangagwa's amnesty for illegal externalisation of money has shored up Zimbabwe's foreign currency reserves - and has also exposed the impunity with which companies and individuals ...Published: 01 Apr 2018 at 08:27hrs | 2 | by Staff Reporter
Cash situation improves, says RBZ
The cash situation has marginally improved compared to the situation that obtained in the last two years, mainly because of the surge in export receipts, the Reserve Bank of Zimbabwe (RBZ) says. ...Published: 23 Mar 2018 at 07:23hrs | | by Staff reporter
Mnangagwa fails to 'coup' cash crisis
Cash shortages in Zimbabwe have persisted more than a month after the new administration led by President Emmerson Mnangagwa assumed power.A snap survey last week by Standardbusiness establish...Published: 21 Jan 2018 at 11:19hrs | 2 | by staff reporter
Cash situation improves in Zimbabwe, banks dispense cash from ATMs
The cash situation has improved with some banks in Harare dispensing a combination of United States dollars and bond notes to depositors for the festive season.The Reserve Bank of Zimbabwe Gov...Published: 24 Dec 2017 at 06:42hrs | 3 | by Staff Reporter
Mugabexit wipes $6 billion off ZSE
THE Zimbabwe Stock Exchange (ZSE) has lost nearly $6 billion since a military operation that forced former President Robert Mugabe to resign on Tuesday, with analysts saying investors were responding ...Published: 23 Nov 2017 at 07:02hrs | | by Staff reporter
RBZ readies to inject $300m export incentive facility
The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new $300 million export incentive facility at the end of this month, as it accelerates efforts of generating the much-needed foreign currency....Published: 12 Nov 2017 at 07:43hrs | 2 | by Staff reporter
Cash levels decline in Zimbabwe bank vaults
SMALL money bags have become the new way of carrying cash in Zimbabwe as most banks only have coins to disburse to depositors.So depressed has the cash situation become that 21st century Zimba...Published: 22 Oct 2017 at 14:47hrs | 3 | by Staff reporter
RBZ unearth malpractices in banks, tellers under fire
THE Reserve Bank of Zimbabwe has unearthed malpractices in the banking sector that could be fuelling cash shortages in the country.RBZ Governor Dr John Mangudya yesterday said a recent bank in...Published: 07 Oct 2017 at 05:48hrs | | by Staff Reporter
West setting dangerous precedent in Kenya, Cdes
Dear Cabinet and Politburo membersCOMRADES, as a committed pan Africanist, I am deeply disturbed by the very sad developments taking place in Kenya in the name of democracy. You don't need to ...Published: 07 Sep 2017 at 13:09hrs | | by CZ
RBZ bond notes board delays raise eyebrows
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's failure to appoint an independent board to monitor the bond notes in circulation, will further erode public confidence in the financial system, ...Published: 25 Jun 2017 at 12:28hrs | | by Staff reporter
RBZ bans overdrafts
Zimbabwe ditched its own currency in 2009 and adopted a multi-currency regime to escape hyperinflation.THE Reserve Bank of Zimbabwe has instructed local banks to stop offering overdrafts to cu...Published: 05 May 2017 at 07:00hrs | | by Staff reporter
Bond notes not solution to Zimbabwe's woes, says IMF
THE International Monetary Fund (IMF) says Zimbabwe requires a comprehensive policy package to retrieve the economy from the woods, instead of seeking salvation in bond notes.IMF Afric...Published: 25 Apr 2017 at 06:35hrs | | 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 | 3 | by Staff reporter
Cash shortages: No need to panic
THE country's economy is on the rebound due to the recovery of the productive sector backed by the expected bumper harvest and increased prices of minerals on the international market.The ...Published: 09 Apr 2017 at 08:14hrs | | by Staff reporter
No end in sight to Zimbabwe cash crisis
A conversation between old friends: "Mr Moyo, how are your children and where are they?" Moyo responded: "Eldest son is in Steward Bank. His wife is at POSB. "Second son is at NMB and his wife is ...Published: 12 Mar 2017 at 09:05hrs | | by Staff reporter
No end in sight to Zimbabwe cash crisis
A conversation between old friends: "Mr Moyo, how are your children and where are they?" Moyo responded: "Eldest son is in Steward Bank. His wife is at POSB. "Second son is at NMB and his wife is ...Published: 12 Mar 2017 at 09:04hrs | | by Staff reporter
US$ shortages give rise to cash discounts
ZIMBABWE's cash-selling practice is evolving with a growth in cash premiums and discounts offered for goods and services as companies struggle to raise foreign currency to import raw materials....Published: 05 Feb 2017 at 07:51hrs | | by Staff reporter
RBZ's Mangudya pledges to deal with bank queues
THE Reserve Bank of Zimbabwe (RBZ) has promised to put in place a raft of measures aimed at dealing with the the current cash shortages in the country in the backdrop of the recent release of bond...Published: 11 Dec 2016 at 08:31hrs | | by Staff reporter
More bond notes coming!
THE Reserve Bank of Zimbabwe (RBZ) will release the second batch of $2 bond notes amounting to $7 million this week in fulfilment of the Government's drive to improve liquidity in the economy and ...Published: 08 Dec 2016 at 04:57hrs | 2 | by Staff reporter
Cash burning is back.
CASH burning which was popular during the hyperinflation era of around 2007, is back in Bulawayo, with cash barons taking advantage of the crippling shortages to sell cash to desperate members of ...Published: 09 Oct 2016 at 07:37hrs | 1 | by Staff reporter
Zimbabwe cash crisis worsens by day
The government's imminent introduction of bond notes appears to be worsening the country's cash crisis and triggering panic withdrawals from banks, with jittery Zimbabweans swamping financial inst...Published: 06 Oct 2016 at 06:57hrs | | by Staff reporter
NMB Bank launches low cost transaction account
NMB Bank is launching a low cost bank account, NMBlite, with no monthly bank charges, as part of its drive to make banking accessible to everyone.A Zimswitch-enabled NMB Access debit card issu...Published: 17 Aug 2016 at 17:21hrs | | by Chris Chinamhora
RBZ to import small US$ denominations
THE Reserve Bank of Zimbabwe will import, largely, low dollar denominations to curb the incessant large scale outflow of US dollars. This comes as the central bank is working on introducing bo...Published: 10 Jun 2016 at 06:35hrs | | by Staff reporter
Banks cash in on crisis
DEPOSITORS continue to struggle to withdraw their money as the cash crisis escalates forcing banks to cap daily withdrawal limits to a maximum of $100. With payment of salaries for most worker...Published: 31 May 2016 at 06:40hrs | 1 | by Oliver Kazunga
No cash shortage in Victoria Falls
VICTORIA FALLS - At a time when most major towns in the country are battling cash shortages, Zimbabweans coming into Victoria Falls are obviously surprised by the flawless cash situation in this resor...Published: 27 May 2016 at 09:34hrs | 2 | by Staff reporter
Economists speak on cash shortages in Zimbabwe
The low uptake of the other legal tenders within the basket of currencies in favour of the greenback has put a lot of pressure on the United States dollar.Apart from the shunning of other curr...Published: 05 May 2016 at 23:20hrs | | by Staff Reporter
Cash crisis still critical
THE cash supply situation remained critical in the country yesterday with workers failing to withdraw their salaries.This comes as parents and guardians also prepare for children to go back to...Published: 28 Apr 2016 at 06:54hrs | | by Nyemudzai Kakore
Millions imported to ease cash crunch
Zimbabwe will soon get US$200 million from Africa Export-Import Bank to ease cash shortages that beset some towns and cities over the weeks.Sunda Mail reported that the money will be released ...Published: 17 Apr 2016 at 10:57hrs | | by Livingstone Marufu
Zimbabwe import millions of dollars to ease cash crunch
Zimbabwe will soon get US$200 million from Africa Export-Import Bank to ease cash shortages that beset some towns and cities over the weeks.The money will be released from Afreximbank's nostro...Published: 17 Apr 2016 at 09:58hrs | | by Livingstone Marufu
Govt demands cash from churches
Zimbabwe's cash-strapped government, which has failed to come up with a budget, has now become desperate and is moving in to tax churches and non-governmental organisation. With millions o...Published: 14 Nov 2013 at 04:04hrs | | by Staff reporter
Bulawayo Agenda Vacancy Advert
Bulawayo Agenda is one of the leading citizen sector organizations in Zimbabwe that is public focused and devoted to promoting debate, discussion and dialogue on issues of topical interest. The orga...Published: 15 Nov 2011 at 18:14hrs | 1 | by Nare Msupatsila
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