The Zimdollar exchange rate and hyperinflation: A chronicles update
THE Zimbabwe dollar has suffered the worst performance in the first quarter of 2024, compared to corresponding periods since inception.
By Tinashe Duma
Mar. 28, 2024
Address currency depreciation: CZI
In July 2022, the Reserve Bank of Zimbabwe (RBZ) introduced physical gold coins as an alternative store of value to the United States (US) dollar in the economy.
By Mthandazo Nyoni
Mar. 28, 2024
Stanbic posts ZWL$744 billion profit
Inflation-adjusted net interest income closed the period at ZWL$429 billion, up 44% compared to the prior year.
By Mthandazo Nyoni
Mar. 28, 2024
Wheels are coming off
Manufacturers' major gripe with retailers is that they pay in local currency and after a grace period like a month in an environment in which the Zimbabwe dollar is fast depreciating.
By Newsday
Mar. 16, 2024
Stock markets bear run and prospects
The All Share Index on the Zimbabwe dollar (ZWL)-denominated market dwindled by -3,16% in nominal terms, closing at 525,570.8 points.
By Tinashe Duma
Mar. 15, 2024
Zim mortgage crisis: The problem is govt
They are determined to give the impression that efforts are underway to construct descent houses for everyone.
By Shame Makoshori
Mar. 15, 2024
CFI suffers ZWL$125bn loss
Overall, retail operations contributed 76,3%, while milling operations contributed 20,1% and farming operations accounted for 3,4% of group turnover.
By Mthandazo Nyoni
Mar. 12, 2024
Govt reads riot act on parastatals
Speaking in Parliament during a question and answer session, Finance deputy minister David Mnangagwa said parastatals should consider receiving payments in local currency.
By Harriet Chikandiwa
Mar. 9, 2024
Govt’s proposed new currency reforms doomed: Advisory firm
A currency board is the effective pegging of a country’s currency against that of another. It is put into effect through the holding of the later currency as reserves.
By Tafadzwa Mhlanga
Feb. 23, 2024