AMERICAS

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

BUSINESS NEWS

'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

FINANCIAL SERVICES

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

FINANCIAL SERVICES

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

BUSINESS NEWS

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

BUSINESS NEWS

'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

BUSINESS NEWS

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

INDUSTRIALS & ENERGY

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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