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RBZ's decision to halt gold coin sales has drawn warnings
The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...Published: 30 Jun 2025 at 09:15hrs | 2589 | by Staff reporter
Chamisa's sneak back to politics sparks more infighting
Nelson Chamisa's sneak back to politics has sparked more infighting than inspiration. It feels less like a political revival and more like a kindergarten drama play. Instead of healing the fractured o...Published: 23 Jun 2025 at 14:35hrs | 1686 | by Dereck Goto
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 192 | by Staff reporter
Zimbabwe in massive gold mop up
The Zimbabwean government has launched an aggressive campaign to meet its 2025 gold delivery target of 40 tonnes, amid a global price surge that has seen the value of gold skyrocket to US$3,322.93 per...Published: 11 May 2025 at 12:43hrs | 149 | by Staff reporter
Steve Hanke celebrates the demise of Zimbabwe's ZiG
US-based economist and currency expert Steve Hanke has issued a stark warning about Zimbabwe's economic situation, claiming that the country's inflation rate has reached a staggering 880% per year, de...Published: 27 Sep 2024 at 08:28hrs | 21561 | by Staff reporter
War vets mop up vetting set for this month
The government is set to resume the mop-up vetting of war collaborators and non-combatants this month, with plans to publish the names of those who successfully pass the vetting, paving the way for th...Published: 07 Sep 2024 at 11:33hrs | 329 | by Staff reporter
'Mealie-meal readily available'
THE Consumer Council of Zimbabwe (CCZ) has said surveys indicate that grain and mealie-meal are readily available in both the formal and informal markets, with the consumer watchdog expressing a...Published: 04 Apr 2024 at 06:14hrs | 3 | by Staff reporter
Grain imports into Zimbabwe liberalised
GOVERNMENT has liberalised the importation of grain at household level as part of a raft of measures aimed at mitigating the effects of the El Nino-induced drought and guaranteeing national food secur...Published: 13 Mar 2024 at 05:07hrs | 9 | by Staff reporter
No cholera vacines for Matebeleland
The country has achieved 90 percent coverage of the cholera vaccine in hotspot areas as Zimbabwe is poised to remove cholera as a public health threat in the next few months on the back of a decline i...Published: 07 Feb 2024 at 04:39hrs | 3 | by Staff reporter
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 32 | by Staff reporter
IMF tells Zimbabwe to end RBZ's quasi-fiscal activities
The International Monetary Fund (IMF) has implored Zimbabwe to end the central bank's quasi-fiscal activities among a raft of reforms to "fully restore macroeconomic stability".The Reserve Ban...Published: 26 Oct 2023 at 06:36hrs | 30 | by Staff reporter
Zimdollar firms, exchange premium widens
THE Confederation of Zimbabwe Industries (CZI) said this week the gap between the official and parallel market exchange rates widened to 41% last month as a result of stability in the official forex m...Published: 09 Sep 2023 at 08:51hrs | 2 | by Staff reporter
Sadc observer report a run away 'gun'
THE choice of words by the Sadc observer mission bordered on incitement, propelling a legitimacy crisis with the potential to harm the country. The report was by any standard a threat to human and nat...Published: 28 Aug 2023 at 06:53hrs | 2 | by Dr Matthew Mare
Zimbabwe's inflation drops to 101.3%
Zimbabwe's annual inflation eased to 101,3 percent in July from 175,8 percent in the prior month as the local unit continued to firm against the United States dollar and riding on tight fiscal and mon...Published: 26 Jul 2023 at 06:38hrs | 2 | by Staff reporter
Zimdollar demand soars
DEMAND for the Zimbabwean dollar continues to soar as more businesses and individuals seek to transact using the local currency, which has regained its lost value for the third consecutive time at the...Published: 05 Jul 2023 at 07:15hrs | 1 | by Staff reporter
Forex rate premium falls
THE parallel market exchange rate premium has fallen below 50 percent, as policy interventions by the Government continue to drive appreciation of the Zimbabwe dollar, but pockets of resistance remain...Published: 02 Jul 2023 at 07:37hrs | 11 | by Staff reporter
'Zimdollar will never die'
ZIMNAT Asset Management says the Zimbabwe dollar, which has lost 99% of its value since it was reintroduced in 2019, will not collapse, but rather get relegated to low value transactions.At th...Published: 21 Jun 2023 at 06:24hrs | 4 | by Staff reporter
Zimbabwe's gold-backed digital tokens mop up $34bn excess liquidity
THE Reserve Bank of Zimbabwe (RBZ) has mopped up $34 billion through gold-backed digital tokens, which are part of measures to reduce liquidity in the market and expand the value-preserving instrument...Published: 06 Jun 2023 at 06:21hrs | | by Staff reporter
Zimdollar not going anywhere
THE Treasury has assured the market of continued usage of the local currency and that deliberate steps are being taken to strengthen its value so as to restore consumer purchasing power and buttress t...Published: 29 May 2023 at 06:32hrs | 2 | by Staff reporter
Zimbabwe parly miffed by high parastatals debt
THE Parliamentary Portfolio Committee on Budget, Finance and Economic Development is conducting public hearings to determine the level of debt held by State-owned firms, with early signs suggesting th...Published: 19 May 2023 at 20:44hrs | 3 | by Staff reporter
Zimbabwe central bank confident of price stability
ABOUT $40 billion, some of which could have found its way onto the black market, has been mopped up from the market in less than 10 months through gold coins and gold-backed digital tokens, in a devel...Published: 14 May 2023 at 11:32hrs | 1 | by Staff reportetr
Namibia, Zimbabwe gear up to keep more profits from lithium boom
Lithium-rich African countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries to capture more of the profits of global demand for the battery material....Published: 12 Feb 2023 at 07:40hrs | 2 | by Staff reporter
RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 29 Jan 2023 at 07:42hrs | 25 | 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
Chiwenga says everyone has a duty to clean Zimbabwe
VICE PRESIDENT Constantino Chiwenga yesterday said it was every citizen's duty to clean up Zimbabwe and called for a high stakeholder engagement and creation of public private partnerships (PPP) for b...Published: 03 Dec 2022 at 07:12hrs | | by Staff reporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | 1 | by Staff rteporter
Civil servants get lion's share
SALARIES for civil servants are set to go up markedly after the Government allocated the biggest chunk of the 2023 National Budget towards the public sector wage bill to cushion workers from the negat...Published: 25 Nov 2022 at 05:05hrs | | by Staff reporter
'Small gold coins will further anchor stability'
The introduction of small gold coins last week is expected to further stabilise the exchange rate, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said.Large-denomination bullion ...Published: 20 Nov 2022 at 15:34hrs | 1 | by Staff reporter
Zimbabwe inflation drops to 269%
ZIMBABWE'S annual inflation rate dropped to 268,8% this month, as a series of novel measures including putting a stop to payments to most government contractors take effect.According to latest...Published: 26 Oct 2022 at 05:56hrs | | by Staff reporter
Zesa to bill in local, US dollars
WITH official and black market foreign currency exchange rates moving towards convergence, the Government is considering allowing customers to settle their electricity bills using either local currenc...Published: 23 Oct 2022 at 09:07hrs | | by Staff reporter
Zanu-PF plans to weaponise gold in dirty 2023 elections campaign
Zanu-PF officials in Manicaland have devised a plan to rope in smallscale gold miners and their workers in a dirty 2018 elections campaign that will see the party supporting them in the plunder of the...Published: 09 Oct 2022 at 17:21hrs | 11 | 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 | 2 | by Staff reporter
Mosi-oa-Tunya gold coins selling like hotcakes
THE Mosi-oa-Tunya gold coins have generated $9 billion from the sale of 9 516 coins with 35 percent having been sold to individuals and 65 percent to corporates, the Reserve Bank of Zimbabwe has said....Published: 27 Sep 2022 at 19:27hrs | 1 | by Staff reporter
Zimbabwe inflation tumbles to 3,5%?
ZIMBABWE'S month-on-month inflation rate has drastically dropped to 3,5 percent in September, shedding 8,9 percentage points on the August rate of 12,4 percent as price stability persists across the m...Published: 27 Sep 2022 at 05:52hrs | | by Staff reporter
Zimdollar exchange rate stability false, economists warn
ECONOMISTS yesterday warned that the current exchange rate stability, which is largely a result of local currency shortages on the market is "false" and will be short-lived.Economist Eddie Cro...Published: 15 Sep 2022 at 05:55hrs | 2 | by Staff reporter
Zimdollar shortage hits market
A SHORTAGE of Zimbabwe dollar notes has hit the market, plunging companies and individuals into an acute liquidity crisis.Experts say the liquidity crunch has resulted from low demand for good...Published: 02 Sep 2022 at 06:51hrs | 9 | by Staff reporter
Schools, colleges maintain face masks requirement
COVID-19 containment measures including wearing of face masks will remain in place for all learners in schools and tertiary institutions despite the Government lifting their wearing for fully va...Published: 28 Aug 2022 at 08:16hrs | 3 | by Staff reporter
Zimbabwe on alert for measles outbreak
Cabinet received an update on the Country‘s Response to the Covid-19 pandemic, and a report on the procurement and roll-out of vaccines, as presented by the Chairman of the National Covid-19 Inter-M...Published: 24 Aug 2022 at 06:36hrs | 1 | by Staff reporter
Zimbabwe black market rates tumble
A raft of robust economic measures put forward by President Mnangagwa and his administration have proved to have a stabilising effect on the national economy as they managed to arrest the parallel mar...Published: 21 Aug 2022 at 08:43hrs | 6 | by Staff reporter
Interest rate hike haunts black market kingpins
Interventions by the Reserve Bank of Zimbabwe (RBZ) to stem prolonged currency battering have sent black market rates tumbling by over 50 percentage points within a month, Inter Horizon Securities (IH...Published: 16 Aug 2022 at 06:40hrs | 2 | by Staff reporter
Zimbabwe central bank declares victory
THE Reserve Bank of Zimbabwe (RBZ) says as of last Wednesday, 4 475 gold coins valued at $3,7 billion had been bought with 90% being local currency purchases, a move it says has cooled the galloping p...Published: 15 Aug 2022 at 06:40hrs | 1 | by Staff reporter
Zimdollar makes paper gains
The economy has largely stabilised, especially from late last month, as a result of aggressive measures by Government to rein in market indiscipline, and market watchers are confident the latest inter...Published: 14 Aug 2022 at 07:22hrs | 3 | by Staff reporter
Mnangagwa gets tough on Government's procurement process
PRESIDENT Mnangagwa has spoken tough on the Government procurement process saying he is going to ensure that no public resources will be used to finance economic hitmen and women as has been the case ...Published: 14 Aug 2022 at 07:19hrs | 3 | by Staff reporter
Gold coins' sales hit ZW$3,7 billion, 90% sales in local currency
THE Reserve Bank of Zimbabwe (RBZ) has reported that gold coins' sales have to date reached ZW$3,7 billion with 90% sales being made in the local currency.Presenting the Mid-Term Monetary Poli...Published: 12 Aug 2022 at 20:30hrs | 2 | by Staff reporter
Red flag over Mnangagwa ally's mining operations
PRESIDENT Emmerson Mnangagwa's ally Scott Sakupwanya's company Better Brands (Private) Limited's operations at Redwing Mine in Penhalonga is under the spotlight amid concerns over gold leakages and po...Published: 10 Aug 2022 at 08:47hrs | | by Staff reporter
Investors talk up Zimbabwe gold coins
Mosi-oa-Tunya gold coins, which were released into the market by the Reserve Bank of Zimbabwe (RBZ) on July 25, are an alternative investment option to US dollars, stocks and the property market, and ...Published: 07 Aug 2022 at 08:17hrs | | by Staff reporter
'Fuel price drop must benefit consumers'
BUSINESSES should review prices of goods and services downwards in line with the recent decline in fuel prices, a Cabinet Minister has said.This comes as interventions by the Reserve Bank of Z...Published: 07 Aug 2022 at 08:16hrs | 2 | by Staff reporter
Zimbabwe banks run out of gold coins
DEMAND for the new Zimbabwean gold coins has been overwhelming and banks have been inundated by their corporate and individual customers seeking a legal and sensible way of preserving value.Th...Published: 01 Aug 2022 at 06:35hrs | 2 | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | 1 | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 13 | by Victoria Ruzvidzo
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