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It's time for a new Zimbabwe currency

ZIMBABWE'S official month-on-month inflation  figure for May was reported at 75,4%  (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for the same month were 175%. Since the statutory …

Published: 08 Jul 2023 at 08:57hrs | | by Kevin Tutani

Currency instability, corruption are pointers to a failed State

AS pressure mounts on the ruling Zanu-PF party to deliver on its 2018 election promises, its support base is waning by the day.Millions of Zimbabweans around th

Published: 28 Sep 2021 at 05:31hrs | 2 | by Simbisai Ranga

New ZW$50 note well overdue?

The Reserve Bank of Zimbabwe (RBZ) recently introduced ZW$360 million worth of a new ZW$50 dollar note into the market, having taken regard of inflation and the need for convenience. The new note is worth about US60 cents using the officia…

Published: 08 Aug 2021 at 15:06hrs | 2 | by Vince Musewe

The soft peg and local economic stability

Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. It was noted at that time that the auth…

Published: 08 Jan 2021 at 20:58hrs | 3 | by Victor Bhoroma

Here we go again

Mnangagwa has made clear that Zimbabwe will have its own currency again by the end of the year. Economist and former senior MDC MP Eddie Cross says it will be the strongest currency in the region. The Vigil respectfully disagrees.We bottom…

Published: 16 Jun 2019 at 18:04hrs | 744 | by Zimbabwe Vigil Diary

Mnangagwa's govt re-ignites currency debate

PRESIDENT Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectively re-ignited the emotive issue. This em…

Published: 14 Jun 2019 at 07:25hrs | | by Brett Chulu

Re-igniting debate on a sovereign currency

Whilst a single sovereign currency regime might be the way to go, own currency may not deliver desired results if we do not address what is currently weighing down our pseudo-currency (RTGS$) - the struggling and inefficient interbank mark…

Published: 14 Jun 2019 at 07:21hrs | 361 | by Persistence Gwanyanya

Zimbabwe is not ready for a new currency

Zimbabwe Economic Freedom Fighters ("ZIM EFF") have noted with great concern, the recent commentary by President Emmerson Mnangagwa and his Minister of Finance regarding plans to introduce a NEW Zimbabwean Currency before the end of the ye…

Published: 11 Jun 2019 at 08:25hrs | 9212 | by Innocent Ndibali

Local currency comeback most welcome

The madness seems relentless across all platforms.One school of thought is that  sooner than later, the RTGS rate to the US dollar will reach its full elasticity, beyond which it will not advance.The reasoning being that when it reach…

Published: 05 May 2019 at 08:42hrs | | by Garikai Mazara

Zimbabwe needs a weak currency to stimulate production, exports

Shortly after the government was sworn in August 2018, they agreed to an economic and monetary reform programme. Since then, much of this ambitious plan has been implemented and the consequences have been a sharp deterioration in living st…

Published: 17 Apr 2019 at 06:15hrs | | by Eddie Cross

RTGS dollars and production

Pursuant to the introduction of the so-called RTGS dollars (not to be confused with the US dollars), the question which arises is: will production be triggered by the introduction of the so-called RTGS dollars? Are we going to see companie…

Published: 24 Feb 2019 at 10:41hrs | 3616 | by Colls Ndlovu

Currency reform answer to Zimbabwe's economic woes

THE success of the new Government's effort to transform the country's economy, both in the immediate and future term hinges on addressing the currency reform pr

Published: 21 Sep 2018 at 05:44hrs | | by Bongani Ngwenya

Gukurahundi has lost value as a political currency

Now that the 2018 plebiscite has emphatically placed my party ZAPU in its rightful political space, it is time for members to sober up to reality. Let me begin by congratulating all those who stood in these elections under the banner of ZA…

Published: 04 Aug 2018 at 08:43hrs | | by Mso Ndlovu

Zimbabwe's goat currency - the analysis

Recently, Zimbabwe's primary and secondary education minister, Lazarus Dokora (PhD), suggested a goat currency. One Zimbabwean shares his views.Suggesting that goats can be used to pay school fees is reminiscent of saying the poor can eat …

Published: 24 Apr 2017 at 08:40hrs | 1454 | by Fr William Guri

Search / Currency

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ZRP intercepts truck smuggling pharmaceutical products into Zimbabwe

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ZANU-PF chooses silence over service, dumps Chief Hwenje

ZANU-PF chooses silence over service, dumps Chief Hwenje

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Man hits gossiping neighbour with machete

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Feared rapist Mathe escapes from Prison

Is oppression in Zimbabwe turning us into a violent nation?

ZANU-PF chooses silence over service, dumps Chief Hwenje

ZRP intercepts truck smuggling pharmaceutical products into Zimbabwe

WATCH: Zimbabwean cattle rancher shatters auction records in South Africa

ZANU-PF chooses silence over service, dumps Chief Hwenje

Senior Magistrate Fired After Corruption Audio Leak

Mnangagwa reads riot act

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