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 17h ago

NewsDay cartoon 23 February, 2024 edition.

NewsDay cartoon 23 February, 2024 edition.
By The Watcher 21h ago

A timeline of Zimdollar’s second demise

 Upon its reintroduction, the local currency traded at $6,32 against US$1 in the official forex market, and US$1:$13,5 in the parallel foreign currency system.
By Tatira Zwinoira Feb. 4, 2024

RBZ in dilemma over bank notes

Bhoroma said the solution is not about printing more banknotes, but embarking on reforms and implementing policies that are business-friendly.
By Melody Chikono Jan. 13, 2024

Market bulls defy faltering currency

In the aftermath of the changes, the formal exchange rate firmed, battering Zimbabwe dollar indexed assets including stocks.
By Shame Makoshori Jan. 12, 2024

Informal sector pushes back against Ncube’s measures

Small-to-Medium Enterprises Association of Zimbabwe chief executive officer Farai Mutambanengwe said the new measures had brought in confusion in the market.
By Mthandazo Nyoni and Blessed Ndlovu Jan. 7, 2024

Hunger knocks on 2,7m villagers’ doors

A typical lean season is characterised by communities’ heightened incapacity to access sufficient food.
By Silas Nkala Jan. 6, 2024

Credit creation by banks fuels Zimdollar rout

While the last quarter of the year is still ongoing, these increases could explain the rapid depreciation of the Zimbabwe dollar which has reached a new low of US$1:ZWL$12 000.
By Tatira Zwinoira Dec. 28, 2023

Zim dollar decline fueled by surge in money supply

Since November 30, the local currency has depreciated by 50% to US$1:$11 500 to $12 000  on the commonly used parallel market.
By Tafadzwa Mhlanga Dec. 24, 2023