Search / Dollarisation
Zimbabwe MPs scale up dollarisation campaign
PARLIAMENTARIANS have made a fresh call for the scrapping of the weakening local currency in favour of dollarisation.Speaking in Parliament on Wednesday, Pelandaba–Mpopoma legislator Charles...Published: 17 Dec 2022 at 12:12hrs | 207 | by Staff reporter
'Reserve Bank of Zimbabwe's forex auction shutdown inconsequential'
THE end of year closure of the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction for close to a month will not affect the market because most companies are self-sustaining, analysts said yesterd...Published: 14 Dec 2022 at 06:39hrs | 471 | by Staff reporter
Why CCC MPs defied Chamisa and took the US$40,000 loan
ON Tuesday 6 December 2022 the Citizens Coalition for Change Parliamentary Caucus converged in Harare where among other things they discussed critical national issues affecting the citizens of Zimbabw...Published: 07 Dec 2022 at 19:17hrs | 1378 | by Prosper Mutseyami
Mthuli Ncube raises VAT, restores duty on basics
Finance minister Mthuli Ncube unveiled his 2023 budget on Thursday, raising value added tax (VAT) in a move the main opposition Citizens Coalition for Change (CCC) described as "an attack on working p...Published: 25 Nov 2022 at 05:21hrs | 10495 | by Staff reporter
Mthuli Ncube pampers security sector
THE security sector, which includes the Office of the President and Cabinet (OPC), Defence and War Veterans Affairs and the Home Affairs ministries were some of the departments that got the largest ch...Published: 25 Nov 2022 at 05:15hrs | 945 | by Staff reporter
Zimdollar dollar budget will fuel inflation
AFRICA Economic Development Strategies executive director Gift Mugano has warned that the proposed $3,4 trillion 2023 national budget will fuel inflation and deepen the economic crisis in the southern...Published: 08 Nov 2022 at 05:09hrs | 333 | by Staff reporter
Zimdollar notes are disappearing on the streets
October temperatures start to climb early in Harare, but by noon beverages vendor Davis Kugara is already counting his losses for the day.One after the other, many of his potential customers a...Published: 04 Oct 2022 at 22:15hrs | 3674 | by Staff reporter
Parastatals defy govt directive on US$
SOME government departments are reportedly still demanding payment exclusively in United States dollars (US$) in defiance of a government directive to accept both local currency and US$.Treasu...Published: 15 Sep 2022 at 05:54hrs | 656 | by Staff reporter
Zacc descends on 'delinquent' schools
GOVERNMENT has unleashed the Zimbabwe Anti-Corruption Commission (Zacc) on schools allegedly refusing to accept tuition fee payments in local currency.Reports abound of a number of schools exc...Published: 10 Sep 2022 at 06:22hrs | 162 | by Staff reporter
American economist wants Zimbabwe to disband its central bank
AMERICAN economist Steve Hanke says the Reserve Bank of Zimbabwe (RBZ) needs to immediately be completely removed from all monetary matters, blaming the bank for all the inflationary problems facing t...Published: 07 Sep 2022 at 06:44hrs | 3443 | by Staff reporter
Zimbabwe central bank considers currency board
ZIMBABWE is considering establishing a currency board to support the Zimbabwean dollar, as inflation surges.The southern African country is fast moving back into a hyperinflationary crisis, ab...Published: 12 Aug 2022 at 20:19hrs | 518 | by Staff reporter
Mnangagwa govt okays US$ school fees
GOVERNMENT has given greenlight for schools to charge fees in United States (US) dollars, leading to calls for formal dollarisation as the majority of the country's workforce earn in Zimbabwe dollars....Published: 06 Aug 2022 at 19:26hrs | 1393 | by Staff reporter
Chamisa slams gold coins introduction in Zimbabwe
CITIZENS Coalition for Change leader, Nelson Chamisa, has slammed the introduction of gold coins, saying they are a conduit for corruption, and called for the country to return to exclusive use of the...Published: 03 Aug 2022 at 18:53hrs | 5363 | by Staff reporter
Zimbabwe inflation spikes to 257%
ZIMBABWE'S year-on-year inflation jumped to 256,9% this month, up from 191% in June, evoking memories of the 2008 hyper-inflationary era nightmares as prices of basic goods continue to skyrocket....Published: 30 Jul 2022 at 19:09hrs | 242 | by Staff reporter
Mthuli Ncube evades Parliament grilling
UNDERFIRE Finance minister Mthuli Ncube on Thursday dodged Senate after he was summoned to give a ministerial statement on the currency crisis, gold coins and state of the economy.Senate deput...Published: 23 Jul 2022 at 07:32hrs | 671 | by Staff reporter
'Exclusive USD pricing illegal'
PRICING of goods exclusively in US dollars remains completely illegal and businesses not accepting local currency payments for every product should stop the illegal practice forthwith or risk having t...Published: 13 Jul 2022 at 07:18hrs | 309 | by Staff reporter
Shops rejecting RTGS
Most shops in Bulawayo have started rejecting the ever-falling RTGS in favour of foreign currency.A snap survey carried by this publication indicated that most shelves have now pegged their go...Published: 12 Jul 2022 at 16:00hrs | 2304 | by Shelton Muchena and Desmond Nleya
Mthuli Ncube summoned over gold coins
DEPUTY President of the Senate Mike Nyambuya has summoned Finance minister Mthuli Ncube to Parliament to present a ministerial statement explaining how gold coins will stop the country's economic haem...Published: 08 Jul 2022 at 07:38hrs | 7747 | 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 | 934 | by Cyprian Muketiwa Ndawana
'Mnangagwa abusing Presidential powers'
THE opposition Citizens Coalition for Change (CCC) has castigated President Emmerson Mnangagwa's use of Presidential Powers to legalise the hike in interest rates by 200% and to declare lending and re...Published: 01 Jul 2022 at 07:31hrs | 6102 | by Staff reporter
Interbank rate now sole legal rate, huge penalties for breaches
The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...Published: 29 Jun 2022 at 07:42hrs | 563 | by Staff reporter
Zimbabwe now needs new economic thinkers
LATEST statistics from the Zimbabwe National Statistics Agency (ZimStat) indicate that the country's year-on-year inflation is inches away from breaching the 200% mark. The agency's June figures show ...Published: 28 Jun 2022 at 07:22hrs | 215 | by Staff reporter
Zanu-PF gangs up against Mnangagwa
ZIMBABWE'S worsening economic situation has reportedly ratcheted pressure on President Emmerson Mnangagwa from within his ruling Zanu-PF party to find quick solutions as the country heads into the ele...Published: 27 Jun 2022 at 08:15hrs | 6565 | by Staff reporter
Zanu PF gangs up against Mnangagwa
ZIMBABWE'S worsening economic situation has reportedly ratcheted pressure on President Emmerson Mnangagwa from within his ruling Zanu PF party to find quick solutions as the country heads into the ele...Published: 27 Jun 2022 at 07:12hrs | 8355 | by Staff Reporter
Chamisa says his policies will guarantee certainty
OPPOSITION Citizens Coalition for Change (CCC) leader Nelson Chamisa said his party will prioritise fighting corruption as part of measures to restore economic stability in the country.In a se...Published: 23 Jun 2022 at 06:47hrs | 406 | by Staff reporter
Chamisa to introduce full dollarisation
CITIZENS Coalition for Change (CCC) political party has effectively backed the need for Zimbabwe to adopt its own currency but maintained that such a strategy must only be implemented in a conducive e...Published: 22 Jun 2022 at 06:49hrs | 4064 | by Staff reporter
Mthuli Ncube has not ruled out US$ salaries
GOVERNMENT yesterday said it had not yet ruled out the possibility of paying civil servants salaries in United States dollars citing the current US$175 incentive as evidence of its willingness to meet...Published: 22 Jun 2022 at 06:47hrs | 3051 | by Staff reporter
Chamisa outlines rapid and accelerated economic transformation plan
The CITIZENS government will come up with policy framework and turnaround strategy which among others includes the following:Develop demand driven policies informed by inclusive policies and i...Published: 21 Jun 2022 at 19:54hrs | 698 | by Nelson Chamisa
FULL TEXT: Nelson Chamisa's address to the nation
The CITIZENS government will come up with policy framework and turnaround strategy which among others includes the following:Develop demand driven policies informed by inclusive policies and i...Published: 21 Jun 2022 at 12:57hrs | 2948 | by Nelson Chamisa
Govt keeps focus on Zimdollar
Government will not let-up on implementing fiscal and monetary measures to contain resurgent inflation and tame Zimbabwe dollar volatility, Finance and Economic Development Minister Professor Mthuli N...Published: 19 Jun 2022 at 10:04hrs | 236 | by Staff reporter
Mthuli Ncube told his tricks are not working
LEGISLATORS took Finance Minister Professor Mthuli Ncube to task in Parliament Wednesday, challenging him over the government's "failed" NDS-1 economic blue-print and the administration's apparent lac...Published: 16 Jun 2022 at 08:34hrs | 2464 | by Staff reporter
Mthuli Ncube dodges civil servants salary issue
FINANCE minister Mthuli Ncube was yesterday at pains to explain government's failure to review civil servants' salaries to parliamentarians as the cost of living shoots up.Legislators in the N...Published: 16 Jun 2022 at 08:29hrs | 933 | by Staff reporter
Zimbabwe trade deficit hits US$34bn as industrialisation flops
ZIMBABWE has since 2002 accumulated a trade deficit of more than US$34 billion, a clear indication that the country's industrialisation-led import-substitution programmes have failed, new data show....Published: 11 Jun 2022 at 09:31hrs | 397 | by Staff reporter
'No crisis in Zimbabwe'
FINANCE minister Mthuli Ncube has said "all is well" in Zimbabwe and dismissed claims that the southern African country is in the throes of an economic crisis.Speaking in an off-the-cuff...Published: 09 Jun 2022 at 06:42hrs | 5632 | by Staff reporter
Dollarization will lead to 'very nasty' events for Zimbabwe
FINANCE minister Mthuli Ncube has said the banking sector will be wiped out, causing a cash crisis if Zimbabwe ever fully dollarizes.This follows growing calls for government to adopt the USD ...Published: 08 Jun 2022 at 18:15hrs | 1194 | by Staff reporter
Mnangagwa needs correct advice from his team
DEAR President Emmerson MnangagwaYour Excellency, as things stand right now you have to make hard currency decision sooner than later as doing that in 2023 will cause so much economic pain tha...Published: 08 Jun 2022 at 09:06hrs | 661 | by Brian Sedze
Govt approves US$90 incentive on early grain delivery
THE government has granted the Grain Marketing Board the greenlight to pay farmers an early delivery incentive of US$90 over and above the ZWL$75 000 per every tonne delivered.In its quest to ...Published: 07 Jun 2022 at 23:32hrs | 545 | by Staff Reporter
Govt to continue with partial dollarisation
RESERVE Bank of Zimbabwe Governor, Dr John Mangudya says the country cannot afford to fully dollarise as the move will be detrimental to the socio-economic growth of the country.The Russia Ukr...Published: 07 Jun 2022 at 17:55hrs | 3053 | by Staff Reporter
Zimbabwe's forex currency crisis worsens
An outlet in Harare's Graniteside industrial area has been turning away customers using local currency through point of sale (POS) platforms on the pretext that they are experiencing network failure....Published: 05 Jun 2022 at 09:16hrs | 2720 | by Staff reporter
'The Reserve Bank of Zimbabwe is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 05 Jun 2022 at 09:00hrs | 229 | by Staff reporter
Pomona Project: All thunder, lightning flashes, no strike!
Pomona stink in newsroomsIlliterate newspapers are being pummelled back and forth by buffeted Mafume and his clueless Triple C councillors. It is all thunder, blinding flashes but no strike. A...Published: 04 Jun 2022 at 19:52hrs | 209 | by Staff reporter
'Full dollarisation of Zimbabwe economy will never happen'
ZIMBABWEANS must cherish the partial dollarisation that is in place, and stop dreaming about full dollarisation, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, said yesterday.Speak...Published: 04 Jun 2022 at 19:52hrs | 249 | by Staff reporter
'Zimdollar dead by next month'
TWO of Zimbabwe's most respected economics professors have warned government to bite the bullet and redollarise because the Zimdollar "would be dead soon".Professors Gift Mugano and Anthony Ha...Published: 27 May 2022 at 06:47hrs | 1097 | by Staff reporter
Blame game between govt, banks reaches tipping point
A NIGHT of long knives beckons for banks after Finance minister Mthuli Ncube accused them of driving the parallel market rate up, causing the sharp tumbling of the local currency.President Emm...Published: 23 May 2022 at 06:42hrs | 1321 | by Staff reporter
Zimdollar, US dollar use to stay
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has encouraged Zimbabweans to use both the Zimbabwe dollar and United States dollar as the country transitions towards adoption of a ...Published: 22 May 2022 at 08:27hrs | 183 | by Staff reporter
'Zimbabwe Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 22 May 2022 at 08:26hrs | 194 | by Staff reporter
Basics run out of Zimbabwe shelves
PRESIDENT Emmerson Mnangagwa and Finance minister Mthuli Ncube's recent economic pronouncements have reportedly triggered a shortage of most locally-manufactured basic commodities in most retail shops...Published: 16 May 2022 at 06:26hrs | 5360 | by Staff reporter
Mnangagwa panicking over Zimdollar
President Emmerson Mnangagwa has been summoning business owners his government believes are manipulating the Zimbabwe dollar to fuel anger over his rule amid growing fears an economic implosion could ...Published: 15 May 2022 at 06:14hrs | 3771 | by Staff reporter
Zimdollar, US dollar use to stay
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has encouraged Zimbabweans to use both the Zimbabwe dollar and United States dollar as the country transitions towards adoption of a ...Published: 15 May 2022 at 06:12hrs | 687 | by Staff reporter
'The Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 15 May 2022 at 06:12hrs | 317 | by Staff reporter
Load More Stories
