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'Dump Zimdollar'
ECONOMIC analysts have said Finance minister Mthuli Ncube's new measures introduced on Monday have very little chance of saving the Zimbabwe dollar from collapse.They instead advised Ncube to ...Published: 01 Jun 2023 at 06:47hrs | 1 | by Staff reporter
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 2 | by Staff reporter
Zimbabwe to release smaller gold coins
Smaller Zimbabwean gold coins, as small as a tenth of an ounce, are expected to go on sale in November from the Reserve Bank of Zimbabwe so ordinary people can invest in them and store value for their...Published: 12 Aug 2022 at 06:35hrs | 1 | by Staff reporter
RBZ lifts MetBank suspension
THE Reserve Bank of Zimbabwe has with immediate effect lifted the suspension of Metbank Limited from foreign currency exchange trading.In April, the Apex Bank slapped the bank with suspension ...Published: 08 Jun 2022 at 18:31hrs | 1 | by Staff reporter
How to make money trading forex
Forex, or foreign exchange trading, is a marketplace that has captured the imagination of retail traders over the last several years. This is a market that is based upon the price of currencies about ...Published: 08 Mar 2022 at 21:44hrs | 13 | by Staff Writer
RBZ warns rogue elements operating in black market
RESERVE Bank of Zimbabwe (RBZ) has warned rogue elements involved in illegal foreign exchange trading on the parallel market to desist from the destablising habit of disseminating messages that fuel l...Published: 04 Nov 2021 at 06:13hrs | 1 | by Staff reporter
Chamisa wants 2% tax scrapped
MDC Alliance President Nelson Chamisa Thursday called for the immediate scrapping of the government's contentious 2% tax to spur business growth before he went on to criticise the state for failing to...Published: 30 Jan 2021 at 06:02hrs | 1 | by Staff reporter
Zimbabwe banks weather the storm
ZIMBABWE'S banking institutions remained profitable during the year ended December 2019, reporting net income of $6,4 billion, an improvement from $389,9 million reported during the corresponding peri...Published: 20 Dec 2020 at 07:04hrs | | by Staff reporter
Afreximbank grants Zimbabwe interbank forex trade loan
Cairo-based Africa Export and Import Bank (Afreximbank) has extended an undisclosed amount in lines of credit to Zimbabwe's interbank foreign exchange trading to stabilise the forex supply...Published: 24 Mar 2019 at 18:55hrs | 21 | by Staff reporter
Price stability key to economic recovery
"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations...Published: 18 Mar 2019 at 06:52hrs | | by Vince Musewe
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
RTGS dollar poser for listed firms
LISTED agro-concern TSL Limited says it will delay publishing its audited financial results for the year ended October 31, 2018 pending guidance from the Public Accountants and Auditor's Board (PAAB) ...Published: 03 Mar 2019 at 11:01hrs | 9 | by Staff reporter
Re-dollarisation of economy: Wrong turn for Zimbabwe
There is an effervescence in the economy – an imperceptible but definite shift towards re- dollarisation of the economy.Initially a trickle, this will soon turn into a mighty tide in one dir...Published: 30 Dec 2018 at 10:06hrs | 1 | by Joseph Mverecha
Forex dealers get free rein
The Zimbabwe Republic Police says it is finding it difficult to bring cash vendors to book because there is need for an officer of the law to witness an illegal transaction before effecting an arrest....Published: 17 Jan 2018 at 05:54hrs | 2 | by Staff reporter
Forex dealers go underground
Illegal foreign currency dealers disappeared from the streets yesterday and immediately went underground following the promulgation of harsh regulations that criminalise cash vending without permissio...Published: 30 Sep 2017 at 13:37hrs | 1 | by Staff reporter
How Mugabe double-crossed Joseph Kabila
"Way before Marange, Mugabe and his military men had already started rampant racketeering, illegal mafia-style smuggling, double-crossing, double dealing, as well as illegal arms peddling with Congole...Published: 04 Oct 2016 at 16:10hrs | 1 | by Ken Yamamoto
Chinese Yuan could take over as the world's reserve currency: Experts
The Chinese yuan, strengthened 16 basis points to 6.3301 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.Experts believe the Yuan could take over as t...Published: 14 Nov 2011 at 14:42hrs | | by Matthews Estell
Disaster if Zimbabwe's multicurrency system changes now
EVER since Zimbabwe's currency was demonetized in February 2009, and a multicurrency system substituted in its stead, innumerable voices have repeatedly called for reintroduction of a national currenc...Published: 10 Jun 2011 at 04:53hrs | 1 | by Eric Bloch
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