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Kereke sent back to jail
FORMER Bikita West legislator Munyaradzi Kereke is back in prison after the Supreme Court yesterday confirmed his conviction and an effective 10-year jail term for raping a juvenile relative. ...Published: 14 hrs ago | 521 | by Staff reporter
RBZ holds ZiG50, ZiG200 from circulation
The Reserve Bank of Zimbabwe (RBZ) has decided not to introduce ZiG50 and ZiG200 notes to the market in the near future due to concerns that larger denominations could fuel inflation, according to cen...Published: 31 May 2024 at 21:16hrs | 167 | by Staff reporter
Plan to offer incentives to Zimbabweans in the diaspora
Efforts are underway to develop financial instruments that incentivize the diaspora community to invest back home, ensuring profitability and ease of investment. The Ministry of Foreign Affai...Published: 28 May 2024 at 09:39hrs | 388 | by Staff reporter
Zimbabwe authorities mix charm with force to shore up ZiG
THE introduction of the world's newest currency in April inspired a reggae artist to record a song praising the ZiG, or Zimbabwe Gold.The catchy tune, titled "Zig Mari," received generous play...Published: 27 May 2024 at 09:56hrs | 541 | by Associated Press
Zimbabwe applies for ISO code for ZiG
The Reserve Bank of Zimbabwe (RBZ) is actively pursuing an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG), signaling its intention to establish ZiG as an indepen...Published: 22 May 2024 at 10:14hrs | 3041 | by Staff reporter
Zimbabweans are distraught by financial trauma
GOOD day, President Emmerson Mnangagwa.Your Excellency, as I see it, Zimbabweans are emotionally drained. They are overwhelmed by the severity of deprivation caused by the collapse of currenci...Published: 22 May 2024 at 09:52hrs | 201 | by Cyprian Muketiwa Ndawana
'Embrace ZiG to bring stability'
Vice President Kembo Mohadi recently emphasized the importance of collective effort in embracing the ZiG currency, stating that it will contribute to a smoother transition towards a more stable econom...Published: 22 May 2024 at 09:42hrs | 94 | by Staff reporter
Iranian president confirmed dead in helicopter crash
Iranian state media have confirmed that President Ebrahim Raisi was killed in a helicopter crash on Sunday in the northwestern province of East Azerbaijan. His entire entourage, including Fore...Published: 20 May 2024 at 08:08hrs | 401 | by Staff reporter
Reserve Bank of Zimbabwe appoints tainted Mpofu
TRUST, confidence and credibility of the Reserve Bank of Zimbabwe (RBZ) has been put at stake after the new central bank governor John Mushayavanhu appointed tainted banker Morris Bekezela Mpofu as hi...Published: 19 May 2024 at 11:54hrs | 917 | by Staff reporter
Zimbabwe's very own Emperor Nero is burning down povo's hovels to build palatial villas for filthy rich few
"The closer the collapse of the empire, the crazier its laws" Marcus Tullius Cicero. Well we in Zimbabwe are witness this first hand. Zanu PF introduced the new local currency insisting ...Published: 18 May 2024 at 20:47hrs | 940 | by Wilbert Mukori
'Zimbabweans will stampede for ZiG by June'
Reserve Bank of Zimbabwe (RBZ) Governor, Dr. John Mushayavanhu has highlighted the impending surge in demand for the Zimbabwean dollar (ZiG) anticipated to occur by June. This surge is expecte...Published: 18 May 2024 at 11:47hrs | 13269 | by Staff reporter
FIU sufficiently resourced to fight ZiG saboteurs
The Financial Intelligence Unit (FIU), a division of the Reserve Bank of Zimbabwe (RBZ), is well-equipped with skilled personnel and advanced hardware to tackle financial crimes. Recent recruitment ef...Published: 18 May 2024 at 10:47hrs | 30 | by Staff reporter
Zimbabwe celebrates independence amid doom
WHEN visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabw...Published: 16 Apr 2024 at 18:03hrs | 91 | by Leonard Koni
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | 144 | by Kenneth Mufuka
RBZ governor to unpack MPS in Bulawayo
The Zimbabwe Independent, in partnership with the Reserve Bank of Zimbabwe (RBZ), will tomorrow host an event in Bulawayo to unpack the 2024 Monetary Policy Statement (MPS).Other partners incl...Published: 16 Apr 2024 at 07:58hrs | 792 | by Staff reporter
44 years into independence a giant is still facing economic collapse
Visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabwe wil...Published: 13 Apr 2024 at 16:40hrs | 500 | by Leonard Koni
Mthuli Ncube pleads for patience on ZiG
FINANCE minister Mthuli Ncube has pleaded for patience with the recently introduced Zimbabwe Gold (ZiG) currency amid an uproar from the public over the disruptions it has caused to transactions....Published: 12 Apr 2024 at 09:51hrs | 1175 | by Staff reporter
Zimbabwe central bank governor gets a rude awakening
BUSINESS executives yesterday gave Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu a rude awakening after a snap survey which showed that they were not ready to support the new currency....Published: 12 Apr 2024 at 09:49hrs | 4524 | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | 1061 | by Staff reporter
Zimbabweans told to approach banks for ZiG, USD
The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Govern...Published: 12 Apr 2024 at 09:47hrs | 438 | by Staff reporter
Zimbabwe police to conduct blitz on street traders manipulating ZiG currency
Finance Minister Mthuli Ncube has announced plans for law enforcement crackdowns on black market traders accused of manipulating Zimbabwe's new structured currency, the Zimbabwe Gold (ZiG). This initi...Published: 11 Apr 2024 at 18:31hrs | 1715 | by Staff reporter
US economist mocks Zimbabwe's new currency
United States economist Steve Hanke has derided Zimbabwe's latest currency introduction, the ZiG, asserting that the country's monetary policies resemble a merry-go-round. The ZiG, purportedly backed ...Published: 11 Apr 2024 at 08:50hrs | 3723 | by Staff reporter
'Mushayavanhu must assert himself as independent'
Businessman and economist, Nigel Chanakira, says the new Reserve Bank of Zimbabwe governor John Mushayavanhu must assert himself as an independent central banker to stabilise the local currency....Published: 11 Apr 2024 at 08:43hrs | 297 | by Staff reporter
Zimbabwe banks, service providers successfully configure systems, processes to ZiG
OVER 90 percent of banking institutions and mobile bank service providers have successfully configured their systems and processes in line with the new monetary policy guidelines, paving the way for s...Published: 11 Apr 2024 at 08:39hrs | 250 | by Staff reporter
Mnangagwa commits to free market economy
President Mnangagwa has pledged his Government's commitment to a complete free market economy, arguing there is no justification to put the burden of price determination on the Government.In r...Published: 11 Apr 2024 at 08:36hrs | 143 | by Staff reporter
Annual independent external audit for RBZ reserves
Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of...Published: 11 Apr 2024 at 08:32hrs | 75 | by Staff reporter
Analysts raise concerns over chaotic introduction of Zimbabwe Gold (ZiG) currency
The Reserve Bank of Zimbabwe's hasty introduction of the new currency, Zimbabwe Gold (ZiG), has raised alarm bells among financial analysts. The central bank's decision to give banks only 7 days to sw...Published: 10 Apr 2024 at 12:00hrs | 1926 | by Nkululeko Nkomo
Zimbabwe's new ZiG currency strengthens on second day of trading
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit.It gai...Published: 10 Apr 2024 at 06:05hrs | 1405 | by Staff reporter
Zimdollar remains legal tender until month-end
The Zimbabwe dollar remains legal tender for all domestic transactions until April 30, when the Zimbabwe Gold (ZiG) notes and coins will come into circulation, the Reserve Bank of Zimbabwe (RBZ) has s...Published: 10 Apr 2024 at 06:02hrs | 221 | by Staff reporter
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | 320 | by Staff reporter
Zimbabwe's new ZiG spins markets into trading disruptions and uncertainty
Zimbabwe's newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and foreign currency reserves, amid sceptic...Published: 09 Apr 2024 at 06:24hrs | 1535 | by Staff reporter
Govt blitz as traders dump Zimdollar
THE Consumer Protection Commission together with the police and the Financial Intelligence Unit has launched a blitz on businesses refusing to accept the Zimdollar following the launch of a new curren...Published: 09 Apr 2024 at 06:22hrs | 1132 | by Staff reporter
Foreign currency dealers ditch trading spots
MOST illegal money changers popularly known as "Osiphatheleni" have abandoned their traditional trading spots in Bulawayo following the launch by the Government of the new gold-backed currency, the Zi...Published: 09 Apr 2024 at 06:20hrs | 783 | by Staff reporter
Zimswitch, EcoCash roll out new currency
FOLLOWING the unveiling of the new currency last Friday, the country's sole national payments platform and clearing house, Zimswitch, yesterday announced that it had completed the rollout of the ZiG p...Published: 09 Apr 2024 at 06:18hrs | 298 | by Staff reporter
Money changers reject bond notes
Vendors in Harare have ceased accepting bond notes following the introduction of the new currency, the Zimbabwe Gold (ZiG) dollar, despite Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanu's an...Published: 08 Apr 2024 at 10:49hrs | 959 | by Staff reporter
Zimbabweans urged to have confidence in new currency
Measures announced by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu in his maiden monetary policy statement on Friday should go a long way in containing prices and reducing inflation, a...Published: 08 Apr 2024 at 10:43hrs | 181 | by Staff reporter
Zapu slams Zimbabwe's new currency ZiG
The 'mother' party ZAPU says as long as the country lacks legitimacy derived from free and fair elections, people will have no faith in a currency produced in Zimbabwe.On April 5, 2024, the ne...Published: 07 Apr 2024 at 21:08hrs | 654 | by Staff reporter
Mnangagwa given five days to reverse decision
Zimbabwe National Students Union (Zinasu) co-leaders Nesbert Munyuki and Valentine Ziko have written to President Emmerson Mnangagwa challenging his appointment of top banker John Mushayavanhu as new ...Published: 07 Apr 2024 at 11:27hrs | 12923 | by Staff reporter
Dear Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu
Dear Reserve Bank of Zimbabwe, 1. Please hire a Comms team ASAP. 2. Part of fostering confidence is having timely, reliable, and accessible means of informing the public in advance of ...Published: 07 Apr 2024 at 11:21hrs | 1533 | by Anonymous
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 | 1675 | by Staff reporter
RBZ boss appointment challenged in court
PRESIDENT Emmerson Mnangagwa's appointment of veteran bank John Mushayavanhu as the new Reserve Bank of Zimbabwe (RBZ) governor has been challenged by two university students, who allege that it contr...Published: 07 Apr 2024 at 10:33hrs | 454 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 3256 | by Staff reporter
New currency without public confidence won't solve crisis
The government of Zimbabwe through the Reserve Bank of Zimbabwe (RBZ) has launched a new currency, which it calls the Zimbabwe Gold (ZiG).We have been here before and it is key to understand i...Published: 07 Apr 2024 at 10:29hrs | 54 | by Mlondolozi Ndlovu
The Zimbabwe currency crisis as seen from abroad!
AS we go to press, US financial news media has become aware of the Zimbabwe financial crisis.Bloomberg news agency and the Financial Times have reported authoritatively on the events surroundi...Published: 07 Apr 2024 at 10:25hrs | 250 | by Kenneth Mafuka
New Zimbabwe central bank boss talks tough
RESERVE Bank of Zimbabwe (RBZ) governor John Mushayavanhu on Friday declared that he will protect the central bank from external forces to maintain its independence.But analysts were quick to ...Published: 07 Apr 2024 at 10:23hrs | 275 | by Staff reporter
AfDB helps Zimbabwe mobilises revenue
THE African Development Bank (AfDB) is working with Treasury and the central bank to produce debt and investment gold models for Zimbabwe to allow the country to come up with best policies to mobilise...Published: 07 Apr 2024 at 10:20hrs | 89 | by Staff reporter
How Mushayavanhu just removed zeroes from dying currency
Reserve Bank of Zimbabwe governor John Mushayavanhu has issued his maiden monetary policy statement, bringing with him a new gold-backed currency and promises to end the money-printing that tanked the...Published: 07 Apr 2024 at 10:19hrs | 309 | by Staff reporter
Zimbabwe's new currency greeted with pessimism
The new currency introduced by the Reserve Bank of Zimbabwe (RBZ) on Friday has been branded old wine in new bottles by economists and financial experts who doubt that it will stand the test of time....Published: 07 Apr 2024 at 10:18hrs | 206 | by Mthandazo Nyoni
Econet platforms switch to new currency
ECONET Wireless Zimbabwe yesterday suspended trading in Zimbabwe dollars to facilitate the changeover to the new ZiG currency on its various product platforms.The ZiG was unveiled on Friday wh...Published: 07 Apr 2024 at 10:14hrs | 121 | by Staff reporter
Mnangagwa's foot in the mouth again
PRESIDENT Emmerson Mnangagwa has an uncanny ability to frequently put his foot in the mouth, sometimes without harm but his recent episode on structured currency has left a trail of economic disaster....Published: 07 Apr 2024 at 10:11hrs | 138 | by Paidamoyo Muzulu
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