Search / Digital currency
Zimbabwe's ex-Minister of ICT's X account hacked
Zimbabwe's former Minister of Information Communication Technology and opposition Citizens Coalition for Change (CCC) leader Nelson Chamisa has become the latest high-profile political figure to fall ...Published: 10 Jun 2025 at 14:13hrs | 360 | by Staff reporter
Chamisa in cryptocurrency launch?
Opposition leader Nelson Chamisa has confirmed that his X account was hacked after unusual posts promoting a digital currency called "God Is In It ($GIT)" appeared on his page.Early Tuesday mo...Published: 10 Jun 2025 at 13:15hrs | 340 | by Staff reporter
RBZ hikes limits for mobile money and electronic transactions
Zimbabwe's Reserve Bank (RBZ) has announced an increase in transaction limits for mobile money and electronic transfers, a move aimed at addressing the challenges posed by rising inflation and fluctua...Published: 02 Nov 2024 at 08:49hrs | 5616 | by Staff reporter
BRICs payment system being tested
A new digital payments system, BRICS Pay, debuted for live testing at this week's BRICS Business Forum at the International Trade Center in Moscow.During the trial - on 17 and 18 October - for...Published: 19 Oct 2024 at 15:54hrs | 1762 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27552 | by Staff reporter
Zimbabwe's new currency chaos
ZIMBABWEAN consumers were yesterday left stranded after businesses suspended trading using the Zimbabwe dollar following the introduction of a new currency on Friday.Reserve Bank of Zimbabwe (...Published: 07 Apr 2024 at 10:35hrs | 6 | by Staff reporter
Zimbabwe launches ‘gold' currency to replace dollar
Zimbabwe has introduced a new national currency aimed at stabilizing the economy and countering the devaluation of the local dollar in the southern African nation. Harare has also appealed to the Unit...Published: 05 Apr 2024 at 21:44hrs | 74 | by Staff reporter
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | 2 | by Staff reporter
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | 2 | by Staff reporter
Mnangagwa's son warns against Nehanda ZWL$50 note snub
Deputy Minister of Finance and Investment Promotion, Kudakwashe Mnangagwa, issued a warning to businesses refusing to accept the ZWL$50 note, emphasizing that they could face substantial penalties. He...Published: 12 Oct 2023 at 06:32hrs | 9 | by Staff reporter
Will the new ‘ZiG' ‘gold backed' digital currency alleviate Zimbabwe's currency stability woes?
THE chronic problem of Zimbabwe's economy has its roots in the land reform activities that began more than 30 years ago.The principle of ‘ethnic balance' in land ownership was fair. The prob...Published: 08 Oct 2023 at 08:02hrs | 2 | by John Mc Keown
Zimbabwe explores option of issuing digital currency
The Reserve Bank of Zimbabwe (RBZ) is exploring the option of issuing digital currency, a move that could revolutionize the way money is used in the country.The central bank said in a statemen...Published: 13 Aug 2023 at 09:06hrs | 35 | by Staff Reporter
Zimbabwe set to introduce Gold Backed Digital Tokens for daily transactions
THE Reserve Bank of Zimbabwe (RBZ) says plans have now reached an advanced stage to introduce the Gold Backed Digital Tokens (GBDT) as a medium of exchange to be by the public in daily transactions....Published: 11 Aug 2023 at 06:38hrs | 13 | by Staff reporter
Gold tokens to become medium of exchange in Zimbabwe
THE Reserve Bank of Zimbabwe (RBZ) is finalising the modalities of rolling out the gold-backed digital tokens as a medium of exchange for domestic transactions to complement the US dollars, Governor D...Published: 10 Aug 2023 at 06:43hrs | 12 | by Staff reporter
Consider paying Zimbabwe civil servants in gold coins'
Government has been urged to explore the feasibility of paying a portion of civil servants' salaries in gold-backed digital tokens and gold coins.The tokens have proven to be effective in mopp...Published: 12 Jul 2023 at 08:15hrs | | by Staff reporter
RBZ begins digital dollar dry-run
The Reserve Bank of Zimbabwe (RBZ) has begun a dry-run to test the feasibility of a digital currency backed by gold that will be accepted as a legal tender for peer to peer and peer to business transa...Published: 06 Jul 2023 at 17:23hrs | | by Staff reporter
Mnangagwa threatens to legislate against foreign currency use
PRESIDENT Emmerson Mnangagwa has, in a yet-to-be-aired interview, declared Zimbabwe will continue using its waning currency despite it fast-losing value.In snippets of the interview shared by ...Published: 02 Jun 2023 at 06:43hrs | 1 | by Staff reporter
Bitcoin's role in the rise of Decentralized Finance (DeFi)
Decentralized Finance (DeFi) has taken the world by storm in recent years, with more and more investors turning to blockchain-based financial systems to take advantage of the numerous benefits they pr...Published: 24 May 2023 at 09:38hrs | 19 | by Staff Reporter
Bread price jumps 109% in Zimbabwe
THE average price of a standard loaf of bread shot to $1 800 which is equivalent to US$1,70 at the official exchange rate of $1 059,60 to the greenback.This represents a 109% hike on the $860 ...Published: 03 May 2023 at 06:07hrs | 2 | by Staff reporter
Why RBZ introduced the Gold-backed digital currency
With the local currency on a free-fall and Zimbabwe already a digital economy, ninety six percent of our transactions traded on digital platforms. The digital currency was long overdue. Zimbabwe is on...Published: 29 Apr 2023 at 07:07hrs | 3 | by Jacob Kudzayi Mutisi
Good news is we have a digital currency but allow us to trade our minerals
From primary school to high school we are told the importance of minerals but are ordinary Zimbabweans gaining anything from their Zimbabwe's minerals.The only currency that is stable is the mineral v...Published: 24 Apr 2023 at 07:34hrs | 5 | by Engineer Jacob Kudzayi Mutisi
'Black market rates to fall,' dreams RBZ
THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency...Published: 23 Apr 2023 at 07:48hrs | 1 | by Staff reporter
Zimbabwe central bank introduces gold-backed digital currency
THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency...Published: 23 Apr 2023 at 07:47hrs | 2 | by Staff reporter
Zimbabwe in race to introduce digital currency
Zimbabwe is in the race to become one of the first African countries to introduce a central bank digital currency (CBDC).Nigeria became the first country in Africa to issue a CBDC, the eNaira,...Published: 04 Mar 2023 at 10:25hrs | 5 | by Staff reporter
NFTs in Africa: Potential Benefits and Risks for the Art Market and Beyond
Non-fungible tokens (NFTs) have gained significant attention in recent years as a new way of buying and selling digital and physical assets. From art to collectibles to real estate, NFTs have the pote...Published: 30 Dec 2022 at 07:47hrs | 3 | by Taedzwa Chikono
RBZ conducts digital currency survey
THE Reserve Bank of Zimbabwe (RBZ) has stepped up plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach by carrying-out consumer perception surveys.The bank'...Published: 11 Nov 2022 at 05:04hrs | 1 | by Staff reporter
Zimbabwe explores central bank digital currency
The Reserve Bank of Zimbabwe (RBZ) says it is moving ahead with plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach.RBZ Governor Dr John Mangudya said the ...Published: 24 Aug 2022 at 06:37hrs | 7 | by Staff reporter
The latest risks & opportunities in the cryptocurrency market
The cryptocurrency markets never stand still. For some, that is their greatest feature, but for others, it's what stands in the way of mass adoption of alternative currencies. What are the latest risk...Published: 28 Apr 2022 at 16:20hrs | 26 | by Staff Writer
'Bidenism' has killed dollar dominance?
Time will tell whether Putin wins the sweepstakes of expansionism or the cost of economic distress eventually overwhelms Russia and him. However, some interesting shifts in geo-strategy are discernibl...Published: 15 Mar 2022 at 16:09hrs | 11 | by Vaishali Basu Sharma
Western hegemony is nearing its end!
This article is reproduced from the public account: Guo Rong (ID: xuu5336)Recently, at an internal meeting, a certain President made a general analysis of the current international situation. ...Published: 11 Mar 2022 at 06:13hrs | 1 | by President
Zimbabwe government looks to own digital currency, not crypto
As digital currencies expand and become mainstream and normalised, it is not going to be unusual to find governments around the world considering the benefits that such a currency could offer their ci...Published: 17 Dec 2021 at 11:53hrs | 64 | by Staff Reporter
Crypto trading simulators that will prepare you for real crypto trading
With crypto trading being pretty popular nowadays it's no wonder the financial world is being revolutionized. People are looking at money differently because of these digital currencies. With this in ...Published: 23 Nov 2021 at 22:15hrs | 26 | by Staff Writer
ZBC hikes licence fees
Cabinet received an update in respect of Zimbabwe's Covid-19 response as presented by the Honourable Vice President Dr. CGDN Chiwenga as chairperson of the Ministers' National Committee.The na...Published: 10 Nov 2021 at 05:31hrs | 14 | by Staff reporter
Zimbabwe will not adopt cryptocurrency'
The Government has denied reports that it was contemplating adopting cryptocurrency as a legal tender saying the Zimbabwe dollar will remain the only local currency.Cryptocurrency, such as Bit...Published: 10 Nov 2021 at 05:30hrs | 52 | by Staff reporter
Mthuli Ncube sees potential for 'diaspora remittances' via Blockchain
ZIMBABWE'S central bank frowns at digital currency and previously ordered all banks to stop processing transactions involving digital currencies, such as BTC and other altcoins in 2017.They te...Published: 17 Oct 2021 at 09:11hrs | 15 | by Agencies
Push for digital currency gains traction
ZIMBABWEAN firm, Global Renaissance Investment (GRI) says Zimbabwe must seriously consider introducing a central bank digital currency (CBDC) to stabilise the economy.A CBDC is sovereign legal...Published: 30 Aug 2021 at 05:52hrs | 11 | by Staff reporter
George Charamba loses his cool as Paul Siwela renounces Zimbabwean identity
Matabeleland Liberation Organisation, President, Cde Paul Siwela touched a raw nerve four days ago when he boldly declared on his twitter handle that he is not a Zimbabwean. "Am Matabele...Published: 23 Jun 2021 at 07:43hrs | | by Israel Dube
Another bloodbath at Zupco
Zimbabwe United Passenger Company (Zupco) has had a torrid time trying to prevent their staffers from dipping their sticky fingers in the cash till.Pilfering has become so pervasive that the c...Published: 21 Mar 2021 at 08:17hrs | | by Staff reporter
How can bitcoin make you rich? Let's tell you!
Most incredible ways to acquire bitcoins easily!Bitcoin is the most trending topic nowadays as its value is touching the sky currently, and it is expected to increase more in the future. Every...Published: 10 Jan 2021 at 18:40hrs | 2 | by Staff Writer
Bitcoin trading - Know the secrets to get successful!
The world is digitalizing at a rapid pace as even the currency has been digitalized and turned into digital currency. Bitcoin is the most prominent digital currency in the market, and you can earn hug...Published: 10 Jan 2021 at 18:27hrs | 12 | by Staff Writer
Are Matabele and Shona people sworn enemies?
Are Matabele and Shona people sworn enemies? Well, Matabeles had no idea until Shona leaders announced it and even went on to declare an unprovoked war against them."Let's all Shonas, Zezurus,...Published: 21 Dec 2020 at 07:44hrs | 23 | by Israel Dube
The World Will Never Be The Same After January 2021
After President Donald J. Trump has been declared the winner of US Presidential elections and sworn in on 20 January 2021 as the new President, I foresee total chaos and massive trail of destruction f...Published: 18 Dec 2020 at 11:30hrs | | by Israel Dube
'Cryptocurrencies can list on Victoria Falls Stock Exchange'
The Zimbabwe Stock Exchange (ZSE) has said cryptocurrencies can list on its foreign currency-only bourse subject to regulatory approval.If the cryptocurrencies-a digital representation of valu...Published: 01 Oct 2020 at 22:10hrs | 13 | by Staff reporter
Does Zimbabwe have the information Security and Cyber Security Experts to protect itself?
With constant headlines of electronic fraud, mobile money fraud, RTGS fraud and other means of payments that are constantly reported in the media on a daily basis. There is now a need to build a datab...Published: 13 Apr 2019 at 13:39hrs | 2 | by Dr Robert Shonhiwa
Government to introduce a new currency called E-Zollar by September?
In a pretexted bid to bring an end to the nation's perennial nightmarish currency woes, government is allegedly working on a secret plan to introduce a digital Zimbabwe dollar, as soon as a new curren...Published: 29 Mar 2019 at 09:00hrs | 14 | by Spotlight
RTGS Dollar ≠ Crypto-currency
On Friday 22 February 2019, our analyst; Batanai Matsika had an interesting interview with South Africa's Business Day TV (DSTV Channel 412). The conversation focused on the recently announced...Published: 05 Mar 2019 at 07:53hrs | 2 | by Batanai Matsika
How cryptocurrencies can rescue Zimbabwe
On September 17, 2018 media houses were abuzz with the news that the then newly appointed Finance minister Mthuli Ncube was considering cryptocurrencies as an option for Zimbabwe's economic turnaround...Published: 17 Feb 2019 at 08:00hrs | 3 | by Masotsha Charles Matlobo
Zimbabwe urged to legalise use of crypto-currencies
GOVERNMENT should consider legalising and regulating the use of crypto-currencies so as to benefit from tax collections and minimise financial crimes such as money laundering.This was said by ...Published: 29 Aug 2018 at 06:40hrs | 2 | by Staff reporter
Africa could be the next frontier for cryptocurrency
Experts say conditions on the continent are great for virtual currency Interest in cryptocurrency, a form of digital currency, is growing steadily in...Published: 06 Jun 2018 at 14:44hrs | | by Pavithra Rao
Zimbabwe govt needs to regain the trust of the people
The Zimbabwean government needs to regain the trust of the people to achieve its aim of creating a 'cashless society', an Overseas Development Institute research fellow has told PF International....Published: 23 May 2018 at 11:03hrs | 1 | by Staff reporter
Load More Stories
