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Zimbabwe's inflation rate shows signs of easing
Zimbabwe's weighted and US dollar monthly inflation rates eased in May 2025, with the weighted inflation dropping by 0.3 percentage points to reach 0 percent, indicating progress towards greater econo...Published: 29 May 2025 at 10:30hrs | 330 | by Staff reporter
Zimbabwe's monthly inflation rises by 0,4%
In August 2024, Zimbabwe experienced a monthly inflation rate of 0.4%, up from - 0.1% in July. This increase was attributed to fluctuations in the parallel market exchange rate, which affected local c...Published: 27 Aug 2024 at 08:13hrs | 247 | by Staff reporter
Zimbabwe family basket skyrockets to $3,6 million
THE cost of the food basket for a family of six has shot to ZWL$3,6 million, with retailers now charging some goods exclusively in United States dollars (US$) owing to the depreciating Zimbabwe dollar...Published: 10 Jan 2024 at 05:56hrs | 9 | by Staff reporter
Zimbabwe gold-backed tokens enter market
Zimbabwe Gold (ZiG), the digital tokens backed by gold, has gained approval as a legitimate means of payment for domestic transactions, effective immediately. Transactions involving ZiG will be proces...Published: 06 Oct 2023 at 06:32hrs | 3 | by Staff reporter
Forex rate premium falls
THE parallel market exchange rate premium has fallen below 50 percent, as policy interventions by the Government continue to drive appreciation of the Zimbabwe dollar, but pockets of resistance remain...Published: 02 Jul 2023 at 07:37hrs | 11 | by Staff reporter
Overpricing shops penalised, 16 bank accounts frozen in RBZ price blitz
THE Reserve Bank of Zimbabwe Financial Intelligence Unit (FIU) has ordered retailers and manufacturers who were exclusively charging certain goods in foreign currency and using the black-market rate f...Published: 18 Jun 2023 at 08:35hrs | 1 | by Staff reporter
Zimbabweans fear repeat of 2008 inflation as Zimdollar nosedives
Zimbabwean businesses and households are fearing a repeat of the hyperinflation seen more than a decade ago as prices of basic commodities spike after a sharp weakening in the local currency, despite ...Published: 14 Jun 2023 at 18:08hrs | | by Staff reporter
ZINARA hikes Zimdollar toll fees
THE Zimbabwe National Roads Authority (ZINARA) has with immediate effect hiked Zimdollar toll fees in line with obtaining exchange rate dynamics.The developments are in line with recent ...Published: 27 Aug 2022 at 20:55hrs | 3 | by Staff reporter
Zimbabwe's failure centres around you, Your Excellency
DEAR President Emmerson Mnangagwa,Your Excellency, a sage stated that a carpenter whose only tool is a hammer is an unproductive craftsman. He cannot produce a basic stool, given that his only...Published: 06 Jul 2022 at 18:06hrs | 13 | by Cyprian Muketiwa Ndawana
Zimdollar fuel prices up
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a slight increase in local currency fuel prices while the foreign currency prices remain stable.The increase is effective from yes...Published: 06 Jul 2022 at 18:05hrs | 2 | by Staff reporter
Fuel price goes up again
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a latest jump in fuel prices effective Tuesday, 7 June 2022.In a public notice issued yesterday, the energy regulator pegged the n...Published: 08 Jun 2022 at 08:59hrs | 2 | by Staff reporter
Zera announces jump in fuel prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a latest jump in fuel prices effective Tuesday, 7 June 2022.In a public notice issued yesterday, the energy regulator pegged the n...Published: 08 Jun 2022 at 08:58hrs | | by Staff reporter
Bank workers appeal to Mthulisi Ncube for tax relief
THE Zimbabwe Banks and Allied Workers Union (Zibawu) has urged Finance minister Mthuli Ncube to raise the income tax free threshold in both foreign and local currencies in line with inflation and curr...Published: 05 Jun 2022 at 09:17hrs | 1 | by Staff reporter
Dutch Auction Market vs Local Allocation System
The Reserve Bank of Zimbabwe (RBZ) launched the Dutch auction system on the 23rd of June 2020 to improve transparency in the distribution of foreign currency locally. Initially the auction exchange pl...Published: 23 Feb 2022 at 19:38hrs | 4 | by Victor Bhoroma
Dutch Auction Market vs Local Allocation System
The Reserve Bank of Zimbabwe (RBZ) launched the Dutch auction system on the 23rd of June 2020 to improve transparency in the distribution of foreign currency locally. Initially the auction exchange pl...Published: 04 Feb 2022 at 15:08hrs | 3 | by Victor Bhoroma
57 service stations offer Zimdollar fuel
THE Zimbabwe Energy Regulatory Authority (ZERA) has identified 57 service stations across the country that will sell fuel in local currency and eight of them are in Bulawayo.The move will brin...Published: 12 Dec 2021 at 19:55hrs | 8 | by Staff reporter
RBZ bans bulk airtime sales
RESERVE Bank of Zimbabwe has banned on bulk airtime sales, ordering telecommunications service providers to stagger reduction of physical airtime sales to 10% in a bid to contain illicit foreign curre...Published: 26 Oct 2021 at 06:35hrs | | by Staff reporter
Shops continue using 'illegal' rates
WARNINGS by the Reserve Bank of Zimbabwe's (RBZ) Financial Intelligence Unit and the recent arrest of directors of some top companies over foreign currency manipulation seem to have fallen on deaf ear...Published: 21 Oct 2021 at 06:17hrs | 1 | by Staff reporter
Debunking the biggest cryptocurrency myths in South Africa
To any potential South African investor entering the market to turn a profit, cryptocurrencies as well as the blockchain could seem perplexing at first. This is why we aim to debunk certain myths asso...Published: 17 Jun 2021 at 10:00hrs | 41 | by Staff Writer
Govt to ban firms from forex auctions over 'rampant abuse'
ZIMBABWE has threatened to ban traders from the country's foreign-exchange auction platform for exploiting the gap between black-market and official currency prices.Authorities are dealing wit...Published: 06 Jun 2021 at 17:48hrs | | by Bloomberg
Businesses dodge forex tax
Treasury has tightened measures to bring to book businesses that are dodging tax obligations in foreign currency amid concerns that most forex sales in the country are not accurately accounted for, th...Published: 28 Nov 2020 at 07:10hrs | 3 | by Staff reporter
Govt losing millions as firms evade US dollar tax
THE Zimbabwe government is being cheated of millions of United States dollars in tax revenue by businesses that are accepting foreign currency payments but not declaring or under-declaring the forex p...Published: 06 Nov 2020 at 06:47hrs | | by Staff reporter
Partial dollarization to induce economic stability
The Zimbabwean economy has vaulted back to the multi-currency regime that prevailed between 2009 and 2018 with the US Dollar transactions gradually growing in the formal market while dominating trade ...Published: 03 Nov 2020 at 14:25hrs | 1 | by Victor Bhoroma
Fuel prices hiked
Fuel prices have been adjusted slightly upwards to $97,93c for petrol and $83,36 for diesel, the Zimbabwe Energy Regulatory Authority (ZERA) announced last night, while US dollar maximum prices have b...Published: 05 Sep 2020 at 09:30hrs | 14 | by Staff reporter
Mangudya expected to tackle fiscal rot
CENTRAL bank chief John Mangudya will have to make bold monetary policy decisions or risk the country sliding back into hyperinflation, analysts say.Mangudya, who is yet to present his much-an...Published: 08 Feb 2019 at 08:51hrs | | by Staff reporter
Do political leaders influence their currency price?
New interactive guide explores forex market reaction when key world leaders are in the newsDonald Trump, Theresa May, J...Published: 10 Aug 2018 at 11:38hrs | 5 | by Agencies
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