IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...
By Eddie Cross | Published: 12 September 2023
The dollar's record hot streak came under threat yesterday as Asia's biggest central banks took aim in different ways at the recent rally in the greenback.The People's Bank of China gave a strong warn...
By Bloomberg | Published: 12 September 2023
The local currency appreciated for the first time against the US dollar after it firmed a marginal 0.094% to 83.3209 from 83.3994. This followed a drop in both the highest and lowest bids to 87.5 and ...
By Staff reporter | Published: 01 September 2020
PRESIDENT Emmerson Mnangagwa has gazetted Statutory Instrument 85/20, which will allow citizens and businesses to charge goods and services using the United States (US) dollar as part of combating the...
By Staff reporter | Published: 31 March 2020
The Zimbabwe dollar is expected to largely stabilise next year before it starts firming against the US dollar on the back of growing confidence in the domestic currency.The local currency would fall t...
By Staff reporter | Published: 18 October 2019
The Zimbabwe dollar and South Africa's Rand (ZAR) have held par for almost two weeks now, reigniting debate on whether monetary authorities should re-consider adopting the rand as a functional currenc...
By Staff reporter | Published: 05 October 2019
Government has reinforced legislation which formalised the use of local currency by empowering the Reserve Bank of Zimbabwe (RBZ) to issue civil penalties for contravention and also applying criminal ...
By Staff reporter | Published: 28 September 2019
The value of the Zimbabwe dollar yesterday plunged against the United States dollar after stabilising at the weekend following the Reserve Bank of Zimbabwe (RBZ)'s decision to freeze bank accounts of ...
By Staff reporter | Published: 27 September 2019
Government insists that the ban on the use of multiple currencies will remain in place as it seeks to lower the cost of doing business and get the economy functioning again after decades of uncompetit...
By Staff reporter | Published: 11 July 2019
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.Ncube...
By Xinhua | Published: 09 July 2019
THE newly introduced Zimbabwe dollar should be backed by production to maintain value against major currencies and sustain strong economic activity in the country, economist, Dr Gift Mugano, has said....
By Staff reporter | Published: 09 July 2019
No good deed goes unpunished.Normally, the doer of a good deed expects just a "thank you", but usually someone is adversely affected by the good deed. For example, saving someone's life from a crimina...
By Conway Tutani | Published: 05 July 2019
The Reserve Bank of Zimbabwe (RBZ) says it has written to international exchanges requesting them to officially recognise the Zimbabwe dollar as a tradeable currency.The reintroduction of the local cu...
By Staff reporter | Published: 04 July 2019
ZIMBABWE last week made its interim currency, the RTGS dollar, the country's sole legal tender, drawing the curtains on a decade of United States dollar dominance. Harare was forced to abandon its own...
By Ed Stoddard | Published: 03 July 2019
The government will never repeal Statutory Instrument (SI) 142 of 2019 which bans the use of foreign currencies as legal tender and makes the RTGS the country's sole legal tender - Justice minister Zi...
By Staff reporter | Published: 02 July 2019
Finance and Economic Development Minister Professor Mthuli Ncube says authorities have instituted measures that will ensure that the local currency will not suffer previous depredations, following the...
By Staff reporter | Published: 02 July 2019
MOSCOW and Beijing have inked an intergovernmental agreement to switch to national currencies in bilateral trade and boost cross-currency settlements up to 50 percent as they ramp up efforts to move a...
By Russia Today | Published: 01 July 2019
THE National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimb...
By Staff reporter | Published: 27 June 2019
ZIMBABWE'S local currency, the Real Time Gross Settlement (RTGS) dollar, has plunged by 140% to trade at US$1:ZWL$6 on the official interbank market, nearly four months after its introduction in Febru...
By Staff reporter | Published: 12 June 2019
THE government lost millions of dollars through delayed revenue inflows due to the slow processing of imports and exports after the switching off internet services countrywide.Government threw the cou...
By Staff reporter | Published: 20 January 2019
Property developers are demanding payment in US dollars for residential stands or houses in a development that might further exclude ordinary people from owning houses. The development flies in the fa...
By Staff reporter | Published: 01 January 2019
There is an effervescence in the economy - an imperceptible but definite shift towards re- dollarisation of the economy.Initially a trickle, this will soon turn into a mighty tide in one direction –...
By Joseph Mverecha | Published: 30 December 2018
Tobacco and cotton growers will be paid 20 percent of their produce in foreign currency in the next marketing season while the Government will retain the remainder to help meet imports of essential co...
By Business Weekly | Published: 07 December 2018
Government's insistence on a fixed 1:1 exchange rate has continued to create headaches for companies who have to report within prescribed accounting standards. This comes as the US dollar, adopted as ...
By Reuters | Published: 06 December 2018
Zimbabwe is undergoing bond notes substitution and progressive unofficial dollarisation, economists have said.This comes as more citizens are shunning the national currency in favour of the historical...
By Staff reporter | Published: 02 December 2018
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
