Internet shutdown costs govt millions of dollars

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 demand US dollars

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


Dollars vs Zollars

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


China dumps dollars

SOME Chinese banks today sold off large amounts of dollars to devalue the yuan, further rattling investors.The move by Chinese banks was likely at the behest of the Chinese government, analysts said, ...

By Staff reporter | Published: 27 June 2018


'Chihuri seized diamonds worth millions of dollars'

Former police commissioner-general Augustine Chihuri allegedly seized a vault containing diamonds worth millions of dollars belonging to a company that was in partnership with the cops before he forci...

By Staff reporter | Published: 10 April 2018


Zim policyholders prejudiced billions of dollars

Insurance and pension industry players did not keep consistent and reliable asset values during the pre-dollarisation period, resulting in ordinary Zimbabweans failing to assess risks and ultimately i...

By Staff reporter | Published: 19 March 2018


US dollars return to Zim banks and ATMs

Information that is circulating online is indicating that the US dollar has made its way back to the economy, TechZim reported.For some who are out of the country this may seem to be silly news, but f...

By Staff reporter | Published: 30 November 2017


Zimbabweans hold on to greenback

FOREIGN currency cash transacted in July was $101,82 million down from $334,61 million in April, showing more people are increasingly holding on to the greenback, latest, statistics from the central b...

By Staff reporter | Published: 17 October 2017


'Back new bond notes with more US dollars'

The move by the Reserve Bank of Zimbabwe (RBZ) to increase the current $200m bond notes in the Zimbabwean economy to $500m must be backed by equivalent amounts of US dollars to help defend the value p...

By Staff reporter | Published: 04 August 2017


Dollar shortages threaten Zimbabwe businesses

Zimbabwean businesses are seeing tumbling output because of an acute dollar shortage that has forced banks to delay processing payments for imports of spare parts and supplies, a KPMG poll found.This ...

By Staff reporter | Published: 17 July 2017


Delta wants to pay ex-worker in Zim dollars

DELTA Beverages is refusing to pay a former worker more than U$28 000 in back-pay and damages awarded to him in a labour dispute arguing the payment should have been made in Zimbabwe dollars.In an app...

By Fidelis Munyoro | Published: 30 June 2014

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