Bulawayo24 News - Skyes! "it makes perfect sense"

RBZ guarantees US$ contracts beyond 2030

The Reserve Bank of Zimbabwe (RBZ) has reassured markets that U.S. dollar contracts will remain valid even after the government's 2030 de-dollarisation deadline, a major policy shift aimed at preventing a repeat of past currency crises."Do…

Published: 24 Aug 2025 at 19:19hrs | | by Staff reporter

FBC urges clear Zimbabwe de-dollarisation framework

FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves.The appeal comes amid government plans to ph…

Published: 15 Aug 2025 at 08:55hrs | | by Staff reporter

Why Zimbabweans rue plan to ditch US dollar?

Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Harare has set 2030 as the target to stop using th…

Published: 14 Aug 2025 at 10:44hrs | 1000 | by Staff reporter

RBZ Chief charts path to monetary stability

Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking sector's resilience, despite persistent m…

Published: 01 Aug 2025 at 13:12hrs | 175 | by Staff reporter

Zimbabwe's July inflation shows mixed trends

The latest inflation figures released by the Zimbabwe National Statistics Agency (ZIMSTAT) for July 2025 show a modest rise in prices for goods and services measured in both the United States Dollar (USD) and Zimbabwe Gold (ZiG), with nota…

Published: 28 Jul 2025 at 18:58hrs | | by Staff reporter

Zimbabwe cannot fund large-scale projects without monetary autonomy

Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, beneath the surface of this apparent "fake stability…

Published: 01 Jul 2025 at 12:05hrs | 198 | by Brighton Musonza

US dollar weakness fuels surge in currency volatility

The dollar's descent is elevating the price of hedging currency trades around the world, breaking up a long-standing market conviction that costs tend to come down when the greenback weakens.The correlation between the dollar and a widely-…

Published: 19 May 2025 at 09:37hrs | 1467 | by Staff reporter

Zimbabwe goes digital in livestock management

The Ministry of Lands, Agriculture, Fisheries, Water and Rural Development has officially launched the National Livestock Stock Card Initiative in Chidziva Village, Bindura, aiming to transform the livestock industry through digital record…

Published: 19 May 2025 at 09:33hrs | 472 | by Staff reporter

Can Zimbabwe ZiG-zag away from the USD?

ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest coming in April 2024 through the ZiG. The ZiG is ba…

Published: 13 Sep 2024 at 16:04hrs | 2778 | by Nkosi Moyo

Zimbabwe should ditch the toxic US dollar

Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption of the US dollar and other foreign curr…

Published: 12 Jul 2024 at 09:46hrs | 58 | by Staff writer

Why Zimbabwe should break free from the US dollar's grip

Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest financial mistakes Zimbabwe made was to put in place a bask…

Published: 11 Jul 2024 at 14:10hrs | | by Nick Mangwana

RBZ adopts market-based exchange rate

THE Reserve Bank of Zimbabwe (RBZ) has adopted a market-determined system for setting exchange rates, with the auction system being replaced by a refined interbank foreign exchange market which connects and allows trading between willing-b…

Published: 06 Apr 2024 at 08:06hrs | | by Staff reporter

'Dollar deals' cripple bars, nightclubs

ILLEGAL alcohol sellers that have sprouted across the city are crippling the business of registered nightclubs and bars while Government has set high standards of operation to bring sanity to the distribution, trends, and patterns in the i…

Published: 16 Jan 2024 at 04:41hrs | 2 | by Staff reporter

Biti warns of economic 'disaster' in Zimbabwe

Former finance minister and prominent CCC opposition figure Tendai Biti has issued a stern warning about the potential economic consequences if President Emmerson Mnangagwa's government decides to embrace the BRICS initiative and move away…

Published: 17 Sep 2023 at 22:14hrs | 1 | by Staff reporter

China takes next step in currency globalisation

China's gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong's stock market.Hong Kong stocks such as Alibaba and Tencent …

Published: 19 Jun 2023 at 06:38hrs | 1 | by Staff reporter

Dollarisation key at this juncture

THE instability in the country's macroeconomic environment is a serious cause for concern and solutions should be sought as a matter of urgency.Macroeconomics is a branch of economics that studies how an overall economy behaves, taking int…

Published: 15 Jun 2023 at 06:49hrs | 1 | by Johannes Marisa

The death of the Zimbabwe dollar! Where do we go from here?

I am writing from Dubai in the Middle East. One of the admirable qualities of Muslim society is their harsh treatment of malefactors. I was surprised to find that children leave their bicycles outside for the night and there were no police…

Published: 01 May 2022 at 11:19hrs | 1 | by Kenneth Mufuka

Russia's rouble comes roaring back

The rouble has surged all the way back to where it was before Russia invaded Ukraine, closing at 79,7 in Moscow on Wednesday.In the days after the Ukraine war began, the rouble's collapse was a potent symbol of Russia's newfound financial …

Published: 08 Apr 2022 at 06:40hrs | 1 | by Staff reporter

'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 discernible and permanent, regardless of whether …

Published: 15 Mar 2022 at 16:09hrs | 11 | by Vaishali Basu Sharma

No US$ bonus for nurses

HEALTH professionals have expressed disgruntlement after some of them allegedly received their bonuses in local currency while other civil servants were struggling to access their 13th cheques at local banks yesterday.There were long queue…

Published: 03 Dec 2021 at 05:34hrs | 11 | by Staff reporter

Mashonaland chiefs demand change of title to kings

CHIEFS are lobbying government to urgently change the nomenclature of traditional leaders' titles from chiefs to kings.Chief Zvimba, born Stanley Urayayi Mhondoro, is leading the lobby.He gained prominence earlier this year after decreeing…

Published: 11 Oct 2021 at 06:04hrs | 17 | by Staff reporter

What China's overseas coal exit could mean for Zimbabwe

IN response to What China's overseas coal exit plans could mean for Zimbabwe' XYZ says: Is being fair to acknowledge that the environmental accusations made towards China are somehow unfair.As was mentioned in the article, that in terms of…

Published: 11 Oct 2021 at 06:02hrs | 18 | by MDC-T president Douglas Mwonzora

Has the Zimbabwe dollar really stabilised against the US unit?

There is a strong debate among economic analysts pertaining to whether the Zimbabwean dollar (ZW$) has stabilised against the American dollar (US$) or not. There is a section which believes that the local unit is currently stable pointing …

Published: 18 Jun 2021 at 13:00hrs | | by Respect Gwenzi

Multi-million dollar whistleblowing corruption scandal rocks Zimra

MASSIVE corruption - which has dragged on for years - is rocking the Zimbabwe Revenue Authority (Zimra)'s multi-million-dollar whistle-blower fund which the tax collector's senior officials are looting in cahoots with a corrupt network of …

Published: 26 May 2021 at 16:23hrs | | by Staff reporter

TNF talks collapse over US dollar wages

Tripartite Negotiating Forum (TNF) engagements have been thrown into disarray following labour's decision to pull out of a crucial meeting recently, as the standoff over minimum wages intensified.The TNF brings together government, busines…

Published: 02 May 2021 at 09:32hrs | 3 | by Staff reporter

SI 142 yields positive results

Having been asked by fellow Zimbabweans to clarify the impact of Statutory Instrument 142 of 2019 (SI 142/2019), announced by Finance and Economic Development Minister Professor Mthuli Ncube on June 24, 2019, I feel inspired, honoured and …

Published: 15 Jul 2019 at 07:45hrs | 1 | by Tendai A. Chinamasa

Analysis of Mthuli Ncube's Statutory Instrument 142 of 2019

ON June 24, 2019, Zimbabwe woke to news of a statutory instrument with clearly far-reaching effects in that it alters the currency landscape. This instrument has been followed by directives from the Reserve Bank of Zimbabwe.The law before …

Published: 01 Jul 2019 at 08:09hrs | | by Mushoriwa Pasi

US$ as deity in Zimbabwe

THE Zimbabwean government recently did the unfathomable, at least according to social media pundits, some civil society organisations, unions and influential urbanites. It arbitrarily and abruptly re-introduced a local currency for all dom…

Published: 28 Jun 2019 at 06:22hrs | 1 | by Takura Zhangazha

Scrapping of multi-currency regime: The implications

ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intended sterilisation of $1,2 billion in RTGS funds.…

Published: 26 Jun 2019 at 07:32hrs | 2 | by Respect Gwenzi

Forcing countries to pay debt in currency it denies them - that's the US!

ONE thing for sure is that Zimbabwe is not short of real original thinking to counter the West's capture of some Zimbabwean minds.Because of donor funding, too many politicians (naturally more so in the opposition), economists and others w…

Published: 15 Mar 2019 at 06:02hrs | | by Conway Tutani

Why Zimbabwe is fed up with using the U.S. dollar

A decade after Zimbabwe scrapped its own currency to tackle hyperinflation and began using instead mainly the U.S. dollar, the economy is back in free fall. Fuel and banknotes are hard to come by, less than 10 percent of the workforce is f…

Published: 03 Mar 2019 at 18:52hrs | 2 | by Mike Cohen

Re-introducing local currency, not so fast

THE government recently pledged to re-introduce a local currency to replace the current multi-currency regime within 12 months in its efforts to address a mounting economic crisis.Making the announcement, Finance minister Mthuli Ncube sugg…

Published: 25 Jan 2019 at 14:31hrs | | by Tinashe Kaduwo

CZI is right: Dollarisation is bad for Zimbabwe

It is not a secret that I am not a fan of the current government's economic policies and choices.I especially find it reprehensible that they continue to avoid solving the prevailing currency crisis choosing to focus instead on bizarre pro…

Published: 05 Jan 2019 at 17:13hrs | | by Garikai Dzoma

It's time to just re-dollarise the Zimbabwe economy

THE recent announcement by one of country's stock market leaders, Delta Beverages, that it will be selling its products in United States dollars starting tomorrow should be a wake-up call to government to realise that the surrogate currenc…

Published: 03 Jan 2019 at 09:08hrs | 12 | by Editorial - newsday

Bond rate to $ exchange rate to be maintained at 1 to 1 to protect people's saving

Further to the various measures that Government is putting in to accelerate economic reforms that are necessary to right sizing the economy, it is critical to restate Government's great commitment to reducing fiscal imbalances which are th…

Published: 10 Oct 2018 at 10:02hrs | 3 | by Hon. Prof. Mthuli Ncube

US dollar losing status as world reserve currency

Economists have predicted that the international financial system in the next decade will have changed significantly as the United States dollar loses its reserve currency status.Aggressive foreign economic policy and the huge US national …

Published: 01 Jul 2018 at 08:24hrs | 8 | by Staff reporter

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's first minister, has vigorously assert…

Published: 16 Apr 2014 at 11:04hrs | 1 | by Colls Ndlovu

The American Gov's dollar reign is near an end

The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as the markets are these days.Instead, it's the exte…

Published: 03 Mar 2011 at 10:12hrs | 1 | by Barry Eichengreen

Search / Dollar

No to 2030 extension

Police confirm Bulawayo-Beitbridge road accident

Zimbabwe loans ARVs to Botswana, donates portion in regional health solidarity

Govt to launch Responsible Mining Initiative amid worsening land degradation

MP Mhangwa urges govt to cut LPG Import Bill through local gas substitution

Man dies in bicycle accident

Relegation-threatened Bosso players boycott training

Pavillon bus involved in a serious accident

Tragedy in Mt Darwin as cow falls into well, killing young woman

Zimbabwe announces strict enforcement of axle load limits

Zanu-Pf, Eureka Mine unleash violence on artisinal miners

Church Leaders Unite to Tackle Africa's Social Crises at Landmark Summit

Minister to Lead Sanitation Awareness Drive in Guruve Amid Open Defecation Concerns*

BCC launch blitz on traffic laws violator

Gray Hair: Nature’s Warning Signal or Cancer Shield?

'Power cut at Parly during SONA was deliberate'

MPs Push for Service Charge Relief for Elderly Amid Lack of National Policy

Zimbabwean agitator deported from Tanzania

Zimbabwean national arrested in Khayelitsha

Push for unity among Ndebele Royal claimants

Herentals to play 3 home games behind closed doors

Zimbabwe to give Zambia more water at Kariba

ZRP disciplines cops over viral video

Matobo rocked by corrupt and dubious land grab

Mnangagwa launches AI-powered smart silos in Mutare

No justification for bread price increases

Teen girl raped twice by cousin during babysitting sleepover

Teen remanded over blanket, shoe theft

Bulawayo hits Starlink capacity

Herdsman jailed for sleeping with schoolgirl