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Zimbabwe's currency conundrum: Meagre gold reserves can't sustain the ZiG
Today, during his State of the Nation Address (SONA), President Emmerson Dambudzo Mnangagwa announced that the government would set aside 50% mineral royalties to shore up the local currency. ...Published: 02 Oct 2024 at 20:53hrs | 2943 | by Tendai Ruben Mbofana
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3929 | by Staff reporter
Mnangagwa's 'paranoid' measures roundly condemned
VARIOUS stakeholders and experts roundly condemned economic stabilisation measures introduced by President Emmerson Mnangagwa to "stop economic hitmen" from sabotaging his under-fire administration....Published: 11 May 2022 at 09:16hrs | 9 | by Staff reporter
Reserve Bank of Zimbabwe says bank lending ban 'temporary'
Zimbabwe's freeze on bank lending is a temporary measure which is meant to contain inflation and stabilise its economy, central bank governor John Mangudya told state television on Tuesday.Pre...Published: 10 May 2022 at 15:29hrs | 7 | by Staff reporter
Full Zimdollar return by 2027
THE Reserve Bank of Zimbabwe (RBZ) predicted yesterday that the domestic currency would completely run the economy in five years' time, with only pockets of the United States dollar complementing it....Published: 25 Feb 2022 at 07:41hrs | 2 | by Staff reporter
Zimdollar return: Beware the cobra effect
Last month, the government took all and sundry by surprise when it banned the use of multi-currencies in all local transactions and reintroduced the Zimdollar; abandoned due hyperinflation in 2009....Published: 24 Jul 2019 at 08:24hrs | 2 | by Cliff Chiduku
Mnangagwa's govt must get its act right on currency issue
IN Parliament this week, legislators from both the ruling Zanu PF party and main opposition MDC took turns to seek clarity on the country's currency from Justice minister Ziyambi Ziyambi. At the momen...Published: 10 May 2019 at 07:00hrs | 1 | by Editorial - Newsday
Floating of bond notes not a solution
Floating of the bond notes is not in itself the solution to the challenges currently bedevilling the Zimbabwean economy, but rather proper financial management fundamentals must be put in place as a w...Published: 14 Feb 2019 at 08:58hrs | 1 | by Staff reporter
Growing unrest exposes official posturing
FAILURE by government to address the unrelenting currency crisis has come back to haunt the country as evidenced by widespread unrest triggered by the rising cost of living.Finance minister Mt...Published: 11 Jan 2019 at 10:00hrs | | by Staff reporter
Zimbabwe's currency conundrum
ZIMBABWE'S ongoing currency crisis can be best described as a conundrum. Not only is it problematic, but it is also confusing and complex.On the one hand, you have an evident devaluation of lo...Published: 09 Jan 2019 at 11:34hrs | | by Staff reporter
Parliament urged to oversee govt spending
PARLIAMENT has to keep strict checks and balances on government expenditure to control the budget deficit, economists have advised.Last week, Finance minister Mthuli Ncube presented his maiden...Published: 27 Nov 2018 at 06:04hrs | | by Staff reporter
Mthuli Ncube to meet Bulawayo businesses
FINANCE and Economic Development Minister Professor Mthuli Ncube will meet captains of industry and commerce in Bulawayo today to explain key points of the 2019 National Budget Statement as well as cl...Published: 26 Nov 2018 at 05:57hrs | | by Staff reporter
'RTGS not equal to US dollars'
The Zimbabwe national Chamber of Commerce (ZNCC) has asked Finance minister Mthuli Ncube to stop in the National Budget the use of bond notes and RTGS electronic balances, officially at par with the U...Published: 19 Nov 2018 at 12:39hrs | | by Staff reporter
Scotland faces a Zimbabwe moment on currency options after independence
THE ongoing financial ping pong between Scotland and the UK over which currency a potentially soon-to-be independent Scotland must opt for is a curious one indeed. Alex Salmond, Scotland's first minis...Published: 15 Sep 2014 at 18:45hrs | 2 | by Colls Ndlovu
Scotland faces a Zimbabwe moment on currency options
The ongoing financial ping pong between Scotland and the UK over which currency a potentially soon-to-be independent Scotland must opt for, is a curious one indeed. Alex Salmond, Scotland'...Published: 16 Apr 2014 at 11:04hrs | 1 | by Colls Ndlovu
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