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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 Governor Dr John Mushayavanhu said yesterday.…

Published: 12 Apr 2024 at 09:47hrs | 1 | by Staff reporter

Zimbabwe's FIU to probe businesses inflating prices for USD bank transfers

THE Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has said it will investigate unethical behaviour exhibited by various businesses after it emerged that they are forcing customers to pay in hard cash by inflating prices for …

Published: 28 May 2023 at 08:00hrs | 2 | by Staff reporter

USD pay rise for Zimbabwe civil servants

GOVERNMENT has offered a 25 percent salary increment to civil servants in United States dollar terms which will result in State employees getting US$200 effectively this month.The workers have, however, demanded that Government also increa…

Published: 21 Sep 2022 at 05:59hrs | 1 | by Staff reporter

Zanu-PF offers US$ allowances to village heads

VILLAGE heads from all parts of the country are, with immediate effect, expected to receive US$ allowances while Government will also increase their monthly salaries in local currency.Zanu-PF Second Secretary Kembo Mohadi revealed this yes…

Published: 07 Jul 2022 at 08:00hrs | 4 | by Staff reporter

Mthuli Ncube holds talks with investors on USD bond

Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond the Treasury intends to launch soon and l…

Published: 25 Apr 2022 at 08:49hrs | 5 | by Staff reporter

RBZ clarifies use of USD

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback. This comes as the central bank has engaged banking institut…

Published: 22 Dec 2020 at 06:40hrs | | by Staff reporter

Equilibrium of the exchange rate needs holistic approach

After being kissed by the devil, one must not be over excited. Instead, they have to count their teeth, lest one or two are missing.Businessman and cleric, Shingi Munyeza was showered with praises by people who used to chastise him, accusi…

Published: 06 Dec 2018 at 12:26hrs | 1 | by John Sigauke

Why we need to be open to each other on the currency Mr Finance Minister

Zimbabwe in January 2009 adopted a basket of currencies as the official medium of exchange. Government business and transactions where done in United States dollars. Eventually the United States dollar became the official currency. The bud…

Published: 05 Dec 2018 at 07:43hrs | 2 | by Henry Madiro

Mangudya Is Not Learn: Real reason why there is USD shortage in the market and how it can be fixed

It's always sad to see people mess up the country, It's even worse when you know how it could be done right. Dr Mangudya broke an economics law by introducing the bond notes the law he broke is called Gresham's law. One would wonder if he …

Published: 27 May 2018 at 08:57hrs | 1 | by Simplisio Muvunde

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