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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 | 2 | by Staff reporter
Temba Mliswa calls for return of the US Dollar
Norton Member of Parliament Temba Mliswa says the introduction of the United States Dollar as a single currency is the best salvation to the revival of Zimbabwe's economy. In a Twitter thread ...Published: 26 Apr 2022 at 10:24hrs | 6 | by Mandla Ndlovu
Outcry as RTGS fuel is sold in forex
HALF of the fuel on the market is procured through the Reserve Bank of Zimbabwe (RBZ) financial facility and should be sold in local currency, but some unscrupulous garage owners who are benefitting f...Published: 22 Aug 2021 at 07:49hrs | | by Staff reporter
What does it take for the judiciary to hear a matter before them?
Marvo Stationary Manufacturing Company employees have not been paid their unpaid salaries since the United States Dollar and the use of the multi currency regime during the Government of Nationa...Published: 14 Jul 2021 at 16:37hrs | 7 | by Mbonisi Gumbo
What does it take for the judiciary to hear a matter before them?
Marvo Stationary Manufacturing Company employees have not been paid their unpaid salaries since the United States Dollar and the use of the multi currency regime during the Government of Nationa...Published: 13 Jul 2021 at 20:24hrs | 2 | by Mbonisi Gumbo
Parliament of Zimbabwe exposed
The constitution of the Republic of Zimbabwe provides for a robust and effective legislative arm of government, which provides oversight to the executive. Recent events have exposed Parliament as weak...Published: 22 Jul 2019 at 11:12hrs | 2 | by Nicholas Ncube
'Salary Idai' hits civil servants
The government has once again sold a dummy to the loyal and hardworking civil servants of Zimbabwe. The workers were expecting a salary increment in line with the current cost of living but were yeste...Published: 11 Jul 2019 at 13:36hrs | 2 | by ARTUZ
ZESA to charge clients in US Dollars
National power utility ZESA Holdings says it is seeking a government exemption to charge mining companies and other exporters in United States dollars to guarantee power supplies.ZESA wrote to...Published: 11 Jul 2019 at 10:55hrs | | by Mandla Ndlovu
Why Mthuli Ncube fast-tracked Zimdollar return plans
Zimbabwe re-introduced its local currency earlier than scheduled because the market was rapidly re-dollarizing, putting more pressure on the government, finance minister Mthuli Ncube said Monday....Published: 09 Jul 2019 at 17:59hrs | 1 | by Xinhua
Monetary Policy and the rule of law
Much debate has been generated after the promulgation of SI 142 of 2019 by the Minister of Finance.Some commentators particularly Veritas have come out accusing the government of not obs...Published: 07 Jul 2019 at 21:02hrs | | by Staff reporter
Giving Mthuli Ncube's mono-currency a fighting chance
It is July 1, 1916, World War 1, the Battle of the Somme. The British Army had been planning for weeks and months for a massive assault on German positions dug in around Somme, to relieve pressure on ...Published: 04 Jul 2019 at 18:46hrs | 2 | by Joseph Mverecha
Mnangagwa is not bothered of Z$ disaster consequences no more than fable cat is of the bell
"Belling the Cat is a fable concerns a group of mice who debate plans to nullify the threat of a marauding cat," explained Wikipedia."One of them proposes placing a bell around its neck, so th...Published: 01 Jul 2019 at 07:37hrs | 2 | by Patrick Guramatunhu
Ngarivhume says ban on forex will further destroy the economy
The ban on forex by the ED regime is an ill advised move, a sugar cotted plot to swindle all the forex in the nation and land it in the hands of cartels who seem desperate to destroy the country. The ...Published: 01 Jul 2019 at 07:27hrs | 4 | by Staff Reporter
Forex ban illegal, says Biti
MDC Alliance vice president Tendai Biti has said the banning of multi currency system by Government is illegal and should be reversed. The government on Monday banned trade in the multi curren...Published: 27 Jun 2019 at 11:35hrs | 3 | by Staff Reporter
Mthuli Ncube did not know about banning of the US$?
Award winning journalist Hopewell Chin'ono says he has been informed that Finance and Economic Development Minister Mthuuli Ncube and the Reserve Bank of Zimbabwe did not know anything about the Statu...Published: 27 Jun 2019 at 10:57hrs | 1 | by Mandla Ndlovu
Zimbabwe could be plunged into total darkness
Zimbabwe runs the risk of being plunged into darkness if there are no collaborative efforts to address power shortages in the country, energy minister Fortune Chasi has said.Speaking at, Parli...Published: 26 Jun 2019 at 19:05hrs | 4 | by Staff Reporter
Mangudya to print 400 million bond notes
Zimbabwe will begin printing bond notes to cover the gap left after the banning of foreign currency as legal tender in Zimbabwe.New Zimbabwe.com has reported that Reserve Bank of Zimbabwe Chie...Published: 26 Jun 2019 at 18:24hrs | | by Mandla Ndlovu
ZCTU promises shutdown over US Dollar banning
The Zimbabwe Congress of Trade Unions has rubbished statutory instrument 142/19 and warned that workers are ready to engage in mass action if the government doesn't reverse the decision to ban t...Published: 25 Jun 2019 at 19:40hrs | 2 | by Mandla Ndlovu
Mnangagwa justifies Zim dollar return
President Emmerson Mnangagwa has said Zimbabwe needed its own currency for its economy to kick off blaming the US Dollar pricing as the major cause of inflation in the country in the country. ...Published: 25 Jun 2019 at 16:03hrs | | by Staff Reporter
Joice Mujuru speaks out
Former Vice President Joice Mujuru says the statutory Instrument 142 of 2019 gazetted by Finance and Economic Development Minister Mthuli Ncube on Monday will not work.Ncube on Monday ba...Published: 24 Jun 2019 at 20:04hrs | | by Mandla Ndlovu
Massive demonstrations against Mthuli Ncube planned
Zimbabweans across the country are mobilising nationwide protests against the decision by Finance Minister Mthuli Ncube to ban the use of foreign currency in Zimbabwe. On Monday afternoon Zimb...Published: 24 Jun 2019 at 14:46hrs | 1 | by Mandla Ndlovu
Mthuli Ncube speaks of Zim dollar imminence
The imminent move to reintroduce the Zimbabwean dollar was first revealed to journalists in a meeting between Finance Minister Mthuli Ncube and media practitioners in an off the record meeting on Sund...Published: 24 Jun 2019 at 11:21hrs | | by Staff Reporter
RTGS Dollar legal instrument now in force
The government has released Statutory Instrument 133 of 2019 to include the recently introduced RTGS electronic money or dollars into the multi currency basket.The move follows Reserve Bank of...Published: 04 Mar 2019 at 19:42hrs | | by Staff reporter
New currency announced
Zimbabwe has introduced a new currency called the RTGS Dollars, the Reserve Bank of Zimbabwe Chief John Panonetsa Mangudya said during the Monetary Policy Statement delivered on Wednesday. ...Published: 20 Feb 2019 at 13:47hrs | 12 | by Mandla Ndlovu
Tendai Biti speaks on today's monetary policy statement
Former Minister of finance Tendai Biti says today's Monetary Policy Statement should devalue the Bondnotes and strengthen the multi currency regime that was introduces in 2009.Reserve Bank of ...Published: 20 Feb 2019 at 08:58hrs | 4 | by Mandla Ndlovu
'Zimbabwe can't afford South African Rand'
Zimbabwe will not adopt the South African Rand as it does not have adequate resources to do so, Finance and Economic Development Minister Professor Mthuli Ncube has said.Addressing youth at a ...Published: 13 Jan 2019 at 23:53hrs | 1 | by Staff reporter
Fuel price increase rumour dismissed
Government has dismissed the rumour that it has given green light to fuel companies to sell in US Dollars so that they can generate foreign currency on their own without government allocation. The rum...Published: 11 Jan 2019 at 11:31hrs | 1 | by Mandla Ndlovu
Chamisa statement on the prevailing economic, political and humanitarian situation
Fellow Zimbabweans! 1.1 I have taken time to assess the environment in the country to have a first-hand account of the economic, political and humanitarian situation. Indeed,...Published: 23 Oct 2018 at 14:24hrs | | by Adv. Nelson Chamisa MDC President
Greens wholesale Plumtree demands American dollar or SA rand
Former MDC legislator Norman Mpofu has said Greens wholesale Plumtree is demanding American dollar or South African rand for cement."No bond no swipe no ecocash. Here I am not talking about a ...Published: 13 Oct 2018 at 14:11hrs | 2 | by Stephen Jakes
For ten years Zanu PF has been stealing people's money
Former MDC legislator for Bulilima East Norman Mpofu has said for 10 years the government of Zanu PF has stolen people's money twice."When multi currency was introduced all our money in bank a...Published: 04 Oct 2018 at 07:25hrs | 1 | by Stephen Jakes
Chamisa offer by Mnangagwa meant to disarm him - Mabhena
Zimbabwe Communist Party secretary general Ngqabutho Mabhena has said the officer by President Emmerson Mnangagwa to MDC Alliance leader Nelson Chamisa is meant to disarm him."The offering of ...Published: 27 Sep 2018 at 07:31hrs | 1 | by Stephen Jakes
RBZ unveils measures to boost investment
The Reserve Bank of Zimbabwe (RBZ) yesterday unveiled a raft of interventions, including enhancing nostro stabilisation facilities to support foreign payments, backed by a $1,5 billion kitty to be ava...Published: 08 Feb 2018 at 06:38hrs | 1 | by Staff reporter
Arrest Chihuri and wife
The retired Commissioner General of Police, Cde Dr Augustine Chihuri must face imminent justice for the crimes he committed whilst in office which tarnished the image of the organisation resulting in ...Published: 22 Dec 2017 at 13:41hrs | 3 | by The Duly Attested
Zimbabwe fast turning into a coin country
Fears abound that further injection of the bond notes by the RBZ into the market could fuel inflation.IT is high noon in Harare and a young woman in strappy stilettos confidently walks out of ...Published: 27 Apr 2017 at 09:00hrs | | by Staff reporter
Multi-tier pricing model illegal, says RBZ
RETAILERS who are using a multi-tier pricing system for different payment systems are violating the Bank Use Promotion Act and risk the full wrath of the law, a senior Reserve Bank official has sa...Published: 23 Mar 2017 at 05:28hrs | | by Staff reporter
US dollar creates more problems for Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) deputy governor Dr Khuphukile Mlambo said the decision to use the United States dollar as the main currency despite the multi currency regime had created a lot o...Published: 11 Mar 2017 at 10:00hrs | 2 | by Staff reporter
Zimbabwe blow billions of 'fictional' dollars
As Zimbabwe's clueless government continues to blow billions of "fictional" dollars that it does not have - on trinkets and its bloated workforce - experts have issued a fresh warning that the cou...Published: 09 Mar 2017 at 08:44hrs | 1 | by Staff reporter
Money changers embrace bond notes
As Zimbabweans warm up to the bond notes introduced by the Reserve Bank of Zimbabwe (RBZ) yesterday, a snap survey at the notorious money changers market at Road port in Harare revealed that it was bu...Published: 01 Dec 2016 at 16:28hrs | 1 | by Bevan Musoko
Mugabe the only Zimbabwe problem
A political commentator Petros Joseph Dube has blamed President Robert Mugabe for all the problems bedeviling the country, indicating that the nation has tried all solutions in terms of currenc...Published: 30 Nov 2016 at 07:14hrs | | by Stephen Jakes
Zhangazha say it directly and clearly: Zimbabwe needs socialist ideology
Zipra Song in FC Camp: "Kuyini isocialism? Sizo lima santando, sivhume santando, ukulume okufunayo lawe, yiyo leyo inhlalakahle ye socialism. Bayakhalo bhuzhwa bonke" ngoba bayayesaba isoc...Published: 22 Sep 2016 at 11:16hrs | 1 | by Nomazulu Thata
Industry commends Chinamasa
CAPTAINS of industry and economic analysts have commended Finance Minister Patrick Chinamasa's boldness in tackling the country's economic challenges and called for speedy implementation of the propos...Published: 10 Sep 2016 at 08:11hrs | | by Prosper Ndlovu and Nqobile Tshili
Statement by Marvo workers - You can only fool government not us
YOU CAN ONLY FOOL GOVERNMENT NOT US BRIEF BACK GROUND OF MARVO CASE As Marvo workers we are worried by the behaviour of our Employer Marvo Stationery, ever since the dollarisation of t...Published: 10 Aug 2016 at 18:46hrs | 3 | by Concerned Marvo workers
'Bond notes to unlock $6bn exports'
THE adoption of bond notes will assist Zimbabwe to double its export earnings to $6 billion per year from around $3 billion thereby narrowing the trade deficit through increased domestic production, a...Published: 27 Jun 2016 at 06:48hrs | | by Staff reporter
Govt sets multi currency deadline
Government has set June 30 as the deadline by which State institutions, parastatals and local authorities should have embraced multi-currency arrangements in payment transactions to promote financ...Published: 15 Jun 2016 at 06:40hrs | | by Staff reporter
Zimbabwe tweaks multi currency regime
Government is urgently formulating a framework to promote use of multiple currencies in its departments, municipalities and parastatals to reduce over-reliance on the United States dollar.The ...Published: 12 Jun 2016 at 02:06hrs | 2 | by Kuda Bwititi
RBZ Governor calls for prayer
THE Reserve Bank of Zimbabwe Governor, Dr John Mangudya has called upon the church to pray for God's direction as a crisis has taken a toll on the local economy.He was speaking during the Roma...Published: 05 Jun 2016 at 11:09hrs | | by Desire Ncube
ZimFirst to introduce new national currency
The ZimFirst leader Maxwell Shumba has promised that his government will introduce new national currency if it is voted into power in 2018 elections.He said in 36 years of misrule, this ...Published: 17 Mar 2016 at 05:32hrs | | by Stephen Jakes
Zimbabwe banks act on cash crisis
RESERVE Bank of Zimbabwe Governor Dr John Mangudya yesterday said local banks imported enough cash following a temporary shortage in the past few days that crippled operations. However, the central ba...Published: 05 Mar 2016 at 07:16hrs | | by Staff reporter
Zimbabweans miss Tsvangirai, Mugabe unity govt
A new survey released by a local think-tank has shown the majority of Zimbabweans miss the inclusive government which they credited with stabilising the economy.According to the post-elections...Published: 31 Aug 2015 at 19:55hrs | | by Staff reporter
Bond coins use rises
A MAJORITY of Zimbabweans now prefer using bond coins to avoid exchange losses given the weakening of the South African rand against the United States dollar, according to the Reserve Bank of Zimbabwe...Published: 10 Aug 2015 at 09:43hrs | | by Business Reporter
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