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Zimbabwe banks begin disbursing new notes
Depositors in Harare have started accessing new notes as promised by the Reserve Bank of Zimbabwe Governor, Dr. John Mangudya.A snap survey in Harare's Central business district revealed that ...Published: 44 mins ago | 90 | by Staff reporter
Long queues as Zimbabwe releases new bank notes, coins
New bank notes and coins finally hit the streets of Zimbabwe on Tuesday after a false start the day before, with depositors forming long queues at banks and ATMs. The new notes are part of Pre...Published: 6 hrs ago | 2911 | by Staff reporter
Zimbabweans to withdraw US$14 a week
Zimbabweans will be limited to withdraw a maximum of ZWL$300 (US$14) a week the State owned Sunday Mail has revealed. The paper said bank account holders should be able to start accessin...Published: 10 hrs ago | 4078 | by Mandla Ndlovu
RBZ seeks to raise $300m through TBs
GOVERNMENT is seeking to raise another $300 million through Treasury Bills (TBs) to finance its programmes, a month after issuing a sovereign paper with the same amount.In a statement yesterda...Published: 11 hrs ago | 149 | by Staff reporter
New notes and coins out today
Commercial banks collected $30 million of new notes and coins yesterday from the Reserve Bank of Zimbabwe and account holders should be able to start accessing their $300 weekly cash withdrawal ration...Published: 11 hrs ago | 302 | by Staff reporter
Cash withdrawals begin today
Commercial banks were collecting $30 million new notes and coins yesterday from the Reserve Bank of Zimbabwe (RBZ) and account holders should be able to start accessing their $300 weekly cash withdraw...Published: 11 hrs ago | 567 | by Staff reporter
Zimbabweans uninspired by new money
MOST Zimbabweans feel the new currency which will start circulating today will not change anything as long as government has not implemented economic and political reforms to generate market confidenc...Published: 21 hrs ago | 1998 | by Staff reporter
Banks start collecting new notes from RBZ
BANK customers will be able to access cash at institutions they bank with starting tomorrow morning after the Reserve Bank of Zimbabwe began dispensing notes and coins to all banks across the country,...Published: 22 hrs ago | 1642 | by Staff reporter
Depositors fail to get new bank notes
LONG queues resurfaced at banks in Bulawayo on Monday morning as depositors hoped to withdraw the new Zimbabwean dollar notes as promised by the Reserve Bank of Zimbabwe.A snap survey conducte...Published: 11 Nov 2019 at 14:24hrs | 1789 | by Staff reporter
Let's embrace new Zimbabwean dollar notes
WE welcome the roll out of the new Zimbabwe dollar five and two dollar notes, which begin circulating today and urge the nation to embrace them as the country takes another major step in its currency ...Published: 11 Nov 2019 at 06:24hrs | 1471 | by Staff reporter
Currency reforms can work if Zimbabweans want them to
YESTERDAY (November 11, 2019) the Reserve Bank of Zimbabwe (RBZ) started the process of injecting new notes into the financial system to improve the level of physical cash in circulation.This ...Published: 10 Nov 2019 at 08:55hrs | 771 | by Anthony Matutu
Mnangagwa's govt draws fire over currency
The government has been accused of fuelling economic instability through inconsistent currency reforms and too many regulations.Zimbabwe ended a decade of dollarisation in June and readopted t...Published: 10 Nov 2019 at 08:52hrs | 2788 | by Staff reporter
Inflation out of control: Guvamatanga
Finance ministry permanent secretary George Guvamatanga has revealed that the government is not considering removing the 2% tax on mobile transactions despite criticism that it is fuelling inflation....Published: 10 Nov 2019 at 08:46hrs | 874 | by Staff reporter
Zimbabwe banks start issuing new notes, coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow release the new Zimbabwe dollar notes and coins into the market, with depositors set to start withdrawing limited amounts when banks open in the mornin...Published: 10 Nov 2019 at 08:30hrs | 943 | by Staff reporter
All set for stable Zimdollar
As the Reserve Bank of Zimbabwe releases $2 coins into circulation tomorrow ahead of the introduction of $2 and $5 Zim-dollar notes, Finance and Economic Development Minister Professor Mthuli Ncube is...Published: 10 Nov 2019 at 08:22hrs | 636 | by Staff reporter
'Mnangagwa's Zimbabwe scoring own goals'
ZIMBABWE is facing a myriad of challenges, including a huge debt overhang which is a stumbling block to new financing, hyperinflation that has eroded people's disposable incomes, and general economic ...Published: 08 Nov 2019 at 05:18hrs | 667 | by Staff reporter
Zimbabwe in debt distress
LACK of transparency in public debt management and the failure to comply with legal stipulations are now manifesting in depressed fiscal space and low domestic resource mobilisation, analysts have sai...Published: 08 Nov 2019 at 05:15hrs | 357 | by Staff reporter
Government should introduce higher-value denominations
THE Reserve Bank of Zimbabwe (RBZ) should consider introducing higher value denominations than the current ZW$5 in order to reduce seigniorage losses, businessdigest has learnt.This comes afte...Published: 08 Nov 2019 at 05:13hrs | 743 | by Staff reporter
Stanbic unveils low-cost BluEase account
STANBIC Bank has launched a low-cost transactional account to benefit low-income earners, who include university students, informal and sole traders.The financial institution said the initiati...Published: 07 Nov 2019 at 05:52hrs | 1086 | by Staff reporter
Mthuli Ncube vows to defend Zimdollar
Finance and Economic Development Minister Professor Mthuli Ncube, has vowed to defend the stability and value of the Zimbabwe dollar against other (especially major) currencies to address concerns ove...Published: 06 Nov 2019 at 11:30hrs | 1742 | by Staff reporter
Govt splashing US$ 16m on new cars for ministers - still feeding blackholes, what a waste
"The Minister gave me an assignment about the purchase of Ministers' vehicles and we have agreed with the supplier of vehicles. We are going to buy these vehicles through a letter of credit so that yo...Published: 05 Nov 2019 at 12:35hrs | 1235 | by Wilbert Mukori
RBZ removes 'Bond Note' inscription on new currency
THE Reserve Bank of Zimbabwe (RBZ) has released the main features of the country's new currency effectively re-designated in June but having had its place held by the surrogate bond notes indicating t...Published: 05 Nov 2019 at 06:49hrs | 7269 | by newzimbabwe
Confusion over 'new currency'
CONFUSION reigns supreme ahead of the introduction of new coins and bank notes of the Zimbabwe dollar with the Reserve Bank of Zimbabwe (RBZ) yesterday releasing a statement that it will be injecting ...Published: 05 Nov 2019 at 06:49hrs | 2404 | by Staff reporter
$2 coins issuance date set
Bond notes lifespan limitedBOND notes and coins will continue being used as legal tender in Zimbabwe for a limited period alongside new notes and coins, which will be put into circulation this mon...Published: 05 Nov 2019 at 06:45hrs | 3284 | by Staff reporter
$2 coins issuance date set
THE Reserve Bank of Zimbabwe (RBZ) will issue two-dollar coins on Monday next week and these will circulate alongside the two-dollar bond note, the Governor, Dr John Mangudya, said yesterday. ...Published: 05 Nov 2019 at 06:44hrs | 514 | by Staff reporter
Joram Gumbo 'defrauded State of US$3,7 million'
Zimbabwe's Presidential Affairs Minister Joram Gumbo, who was arrested on Monday, allegedly prejudiced Government of US$3,7 million. According to a charge sheet, Gumbo's alleged shady deals in...Published: 04 Nov 2019 at 18:53hrs | 3520 | by Staff reporter
Zimbabwe teachers scoff at bonus claim
TEACHERS and civil servants have scoffed at an announcement by Finance minister Mthuli Ncube that his austerity measures will result in civil servants getting a bonus before year-end, saying his state...Published: 04 Nov 2019 at 11:20hrs | 2727 | by Staff reporter
'Cash injection to end bank queues'
THE move by the Reserve Bank of Zimbabwe (RBZ) to inject $1 billion new notes and coins by mid this month will ease cash shortages, economists have said. Bank queues had become a norm in Zimba...Published: 04 Nov 2019 at 05:54hrs | 885 | by Staff reporter
Interbank rate stable in October
The Zimbabwe dollar remained largely stable in the month of October, with the interbank foreign exchange rate shifting by a marginal 3,1 percent from 15,1979 to the United States dollar on September 3...Published: 04 Nov 2019 at 05:47hrs | 961 | by Staff reporter
New Zimbabwe $2, $5 notes identity revealed
The government has gazetted the features of the new Zimbabwe dollar notes that are expected to be injected into the system in the coming days.Reserve Bank of Zimbabwe (RBZ) governor John Mangu...Published: 03 Nov 2019 at 06:52hrs | 17825 | by Staff reporter
RBZ releases new notes specimens
SPECIMENS for new notes and coins to be introduced later this month will start being circulated as from tomorrow to give members of the public enough time to familiarise themselves with the money....Published: 03 Nov 2019 at 06:40hrs | 4543 | by Staff reporter
It's proper bank notes, not new currency
Many could have mistaken plans by the Reserve Bank of Zimbabwe (RBZ) to introduce new notes and coins next week for the introduction of a completely new currency which is not the Zimbabwe dollar....Published: 03 Nov 2019 at 06:34hrs | 668 | by Staff reporter
Gold is purified by fire
Eish!!! It seems the past couple of weeks have been swelteringly hot, both figuratively and literally, for everyone.The maddeningly galloping prices have been making most people hot under the ...Published: 03 Nov 2019 at 06:31hrs | 150 | by Bishop Lazi
Shepherd Tundiya discharged in Goddard case
KWEKWE businessman Shepherd Tundiya, who was facing allegations of coercing the director of JR Goddard Contracting (Pvt) Ltd to withdraw a criminal abuse of office report he made against four members ...Published: 02 Nov 2019 at 07:01hrs | 213 | by Staff reporter
Economic governance framework at the core of Zimbabwe's macro-economic problems
It is now a time-tested fact that the long-term macroeconomic and development outcomes of any society are not narrowly defined by simple answers to simple questions like which individual is presiding ...Published: 01 Nov 2019 at 21:54hrs | 485 | by Dr Nathan Matemera
New notes above board, monetary policy education key
The announcement of the imminent introduction of new bank notes and coins by the Reserve Bank of Zimbabwe (RBZ) on Tuesday prompted divided opinion among the transacting public.The development...Published: 01 Nov 2019 at 14:21hrs | 2027 | by Ashley Kondo
Zimbabwe de-dollarization & other countries experiences
Zimbabwe suspended its local currency on the 9th of April 2009 and adopted a basket of multiple currencies such as the South African Rand, British Pound, Botswana Pula, Japanese Yen, Euro and the Unit...Published: 01 Nov 2019 at 13:41hrs | 5138 | by Victor Bhoroma
RBZ unfreezes Croco Motor's bank accounts
The Reserve Bank of Zimbabwe (RBZ) has unfrozen Croco Motors' bank accounts, following investigations which says they did not find any irregular transactions in the company's financial records. ...Published: 01 Nov 2019 at 06:55hrs | 4168 | by Staff reporter
Mnangagwa's govt scrambles to save US$1bn Chinese deals
GOVERNMENT officials were this week nervously scrambling to salvage three big Chinese-funded infrastructural projects totalling US$1,324 billion, which are on the verge of collapse after US$10 million...Published: 01 Nov 2019 at 06:44hrs | 788 | by Staff reporter
RBZ to inject $1 billion new coins, notes
Cash in circulation will slightly more than double over the next six months, as the Reserve Bank of Zimbabwe (RBZ) injects an extra $1 billion to satisfy legitimate demand for coins and small notes, b...Published: 01 Nov 2019 at 06:24hrs | 616 | by Staff reporter
Economic governance framework at the core of Zimbabwe's macro-economic problems
It is now a time-tested fact that the long-term macroeconomic and development outcomes of any society are not narrowly defined by simple answers to simple questions like which individual is presiding ...Published: 31 Oct 2019 at 13:03hrs | 503 | by Dr Nathan Matemera
New Zimdollar notes excite market
THE Reserve Bank of Zimbabwe (RBZ)'s move to inject new notes and coins into circulation in two weeks' time has excited the market with economists saying this would restore normal transactions and wee...Published: 31 Oct 2019 at 07:26hrs | 6879 | by Staff reporter
Zimbabwe's not so new currency
News about a pending currency coming to the market in a fortnight made headlines on Tuesday even as it abated confusion over the reintroduction of the currency in question. The confusion pertains to w...Published: 31 Oct 2019 at 07:19hrs | 739 | by Respect Gwenzi
RBZ must get its act together
IF there is any institution in the land requiring everyone's unwavering support at this critical point in the life of our troubled nation, it is the Reserve Bank of Zimbabwe (RBZ), as it painstakingly...Published: 31 Oct 2019 at 07:18hrs | 1387 | by Staff reporter
New Zimdollar notes and coins explained
The Reserve Bank of Zimbabwe (RBZ) will introduce new bank notes and coins to be used together with the bond notes in the next two weeks. Said RBZ governor Dr John Mangudya at the inaugural pr...Published: 31 Oct 2019 at 07:13hrs | 1656 | by Staff reporter
It's not a new currency, says Mthuli Ncube
FINANCE Minister Mthuli Ncube Tuesday said the country was not introducing a new autonomous currency as widely reported within local media but was only introducing a new family of domestic notes to wo...Published: 30 Oct 2019 at 07:47hrs | 5358 | by newzimbabwe
Cabinet mulls social contract to address price hikes
Cabinet yesterday said there is a need for a reduction in the cost of digital transactions and to come up with a social contract as part of efforts to address the continued escalation of prices of bas...Published: 30 Oct 2019 at 06:01hrs | 780 | by Staff reporter
Mangudya speaks on frozen accounts
Zimbabwe can expect a more stable exchange rate and prices going forward after the Reserve Bank of Zimbabwe (RBZ) froze bank accounts holding idle funds that were being used to speculate on currency. ...Published: 30 Oct 2019 at 05:50hrs | 2303 | by Staff reporter
New $5 notes, $2 coins to stop cash barons
New $5 notes and $2 coins will be in circulation within a fortnight to ease cash shortages that have resulted in cash barons charging premiums of up to 60 percent and the unscrupulous breaking of the ...Published: 30 Oct 2019 at 05:48hrs | 3041 | by Staff reporter
Eddie Cross beginning to smell the coffee, but....
IN the Holy Book, there is story of the prodigal son who demanded his share of his father's estate, which the father gave him. Shortly after being given his inheritance, the son runs off and s...Published: 29 Oct 2019 at 17:36hrs | 5890 | by Amos Mazambani
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