POLITICS

Man tries to pay duty with fake US$ notes

A 25-YEAR-OLD man from Bulawayo has been arrested at Beitbridge Border Post for attempting to pay duty using fake United States dollar notes. Givemore Tshuma of Nketa suburb, who was supposed to pay a...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Bond notes unsustainable, fuel inflation, claims Fitch

Fitch Solutions, the macro-economic arm of global rating agency says Zimbabwe's currency regime is highly unsustainable and will continue to fuel inflationary pressures going forward.In 2009, the sout...

By Staff reporter | Published: 08 January 2019

BUSINESS NEWS

Valueless bond notes, the source of Zimbabwe's problems, say analysts

GOVERNMENT'S promise to avail foreign currency to the country's largest beverages manufacturer, Delta Corporation, to avoid forex pricing is not sustainable, analysts have said.Delta last Wednesday an...

By Staff reporter | Published: 06 January 2019

BUSINESS NEWS

Bond notes under siege

The bond note is increasingly suffering rejection from the corporate sector after Delta Corporation Limited went public on Wednesday saying it will be selling its products in hard currency.Delta said ...

By Staff reporter | Published: 04 January 2019

BUSINESS NEWS

Bond notes and Zimbabwe's currency debate

WHEN Reserve Bank of Zimbabwe governor John Mangudya announced in 2016 plans to issue bond notes, a currency he claimed had the same value as the US dollar, many were apprehensive.It was backed by a U...

By Staff reporter | Published: 30 November 2018

BUSINESS NEWS

Mthuli Ncube sticks to bond notes

Finance minister Mthuli Ncube on Friday said the $8,2 billion budget for 2019 will address the currency crisis bedevilling Zimbabwe in the next few months, saying the shortage of the United States dol...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

'Scrap bond notes'

PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrogate curr...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Zimbabwe's bond notes vanish

BOND notes continue to vanish from the formal market, with latest statistics indicating that only seven percent of the unique currency's issued value was in circulation at the close of 2017.According ...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

Industrialist defends bond notes

INDUSTRIALIST and United Refineries chief executive officer Mr Busisa Moyo has defended the bond note, saying the surrogate currency has never been a problem for business.Writing on his Twitter page r...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

Only 4% of bond notes in effective circulation

Data released by the central bank shows that only 4 percent of bond notes and coins are in effective circulation, Equity Axis News reported. Effective circulation refers the portion of issued bonds th...

By Equity Axis News | Published: 19 July 2018

BUSINESS NEWS

'Bond notes are here to stay'

RESERVE Bank of Zimbabwe governor John Mangudya says the country's surrogate currency, the bond note, will be around for the foreseeable future.Zimbabwe introduced bond notes in 2016 to ease an acute ...

By Staff reporter | Published: 12 July 2018

AFRICA BUSINESS

How to identify fake Mandela bank note or coin

The South African Reserve Bank (SARB) recently launched a new public awareness campaign alongside the introduction of the new Mandela commemorative series of banknotes and R5 circulation coin.As part ...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Chamisa to ditch the bond notes in 2 weeks

MDC Alliance presidential candidate Nelson Chamisa has promised to ditch the bond notes as the country’s currency."Once we assume office in August just give me two weeks to deal with cash challenges...

By Staff reporter | Published: 03 July 2018

BUSINESS NEWS

Bond notes 'a PR disaster' for Zimbabwe

THE bond note poses an international public relations problem for Zimbabwe close to two years after its introduction, clouding the country's efforts to entice international investors, a financial anal...

By Staff reporter | Published: 22 June 2018

FINANCIAL SERVICES

RBZ can't account for bond notes in circulation

Reserve Bank of Zimbabwe (RBZ) deputy governor, Dr Jesimeni Chipika has said the central bank can no longer account for the bond notes and coins that are in circulation due to massive hoarding of the...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Zimbabwe advised to demonetise bond notes

GOVERNMENT has been advised to either demonetise bond notes or allow the fiat currency to float as a means of addressing financial market distortions in the country, a study paper by the Zimbabwe Econ...

By Staff reporter | Published: 01 June 2018

OPINION

Bank notes crisis: Will imports help?

A local weekly has reported that Zimbabwe's bank note shortage would ease, following $400 million cash imports by the Reserve bank of Zimbabwe [RBZ] since the beginning of the year, as well as improve...

By Nelson Banya | Published: 20 May 2018

POLITICS

Chamisa promises to phase out bond notes

MDC-T and MDC Alliance presidential candidate, Nelson Chamisa, has pledged to retire Zimbabwe's surrogate currency, the bond notes, which are pegged at par with the United States dollar, by September ...

By Staff reporter | Published: 03 May 2018

BUSINESS NEWS

Foreign notes, coins in banks decline

THE amount of foreign notes and coins in the commercial banking system slumped to $679,3 million during the year to December 31, 2017, from $1,3 billion at the close of 2016, central bank data has rev...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Jury still out on bond notes

The introduction of bond notes led to an increase in exports but the surrogate currency has not alleviated Zimbabwe's foreign currency shortages, analysts have said.Reserve Bank of Zimbabwe (RBZ) gove...

By Staff reporter | Published: 18 March 2018

BUSINESS NEWS

Mangudya hails bond notes

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports.Dr Mangudya said this when he app...

By Staff reporter | Published: 14 March 2018

POLITICS

Chamisa to scrap bond notes

MDC Alliance presidential candidate Nelson Chamisa has said his administration will bring an end to cash shortages and scrap bond notes once elected into office.He told a campaign rally in Victoria Fa...

By Staff reporter | Published: 13 March 2018

BUSINESS NEWS

Bond notes have been successful, Mangudya

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports.Dr Mangudya said this when he app...

By Staff reporter | Published: 13 March 2018

BUSINESS NEWS

Zim bond notes premiums to stabilize

Zimbabwe's parallel market United States Dollar premiums are set to stabilize on the back of a government intervention to sanitize Real Time Gross Settlement (RTGS) balances with hard cash, a local ad...

By Staff reporter | Published: 15 February 2018

BUSINESS NEWS

'Zimbabwe needs more bond notes'

Zimbabwe should increase the number of bond notes circulating in the country as a way of reducing inflation, an economist has said.The Confederation of Zimbabwe Industries (CZI) chairperson for the Ec...

By Staff reporter | Published: 31 January 2018
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