Zimdollar rescue mission too late

THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...

Tough foreign exchange regime suffocating economy

Zimbabwe's broad money supply has grown from just under ZW$364,60 billion as of September 2021 to more than ZW$1,920 trillion as of September 2022. This represents growth of over 426% over a period of...

Zimbabwe macroeconomic priorities for 2023

Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...

'New Zimdollar not priority,' says Mthuli Ncube

Finance and Economic Development Minister Professor Mthuli Ncube said on Tuesday Government was not in a hurry to issue new Zimbabwean dollar notes/coins, but rather focused on the need to replace soi...

Zimbabwe inflation calculation deferred till 2020

ZIMBABWE has suspended calculation and publication of annual inflation rates until February next year to rebase consumer prices indices, after reintroducing local currency, to ensure that the data ref...

IMF hails Zimbabwe monetary policy

THE International Monetary Fund has hailed Zimbabwe's recently announced monetary policy which liberalised the exchange rate between the US dollar and the RTGS dollar, adding this was a step in the ri...

IMF lays down the law for post-Mugabe Zimbabwe

Even before Emmerson Mnangagwa was inaugurated as president last Friday, the International Monetary Fund (IMF) issued a list of demands that post-Mugabe Zimbabwe must meet before being reconsidered fo...