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

BUSINESS NEWS

Bond notes to stay

GOVERNMENT has no plans to phase out bond notes until economic fundamentals are appropriate for the transition from the use of multiple currency, Finance and Economic Planning Minister Patrick Chinama...

By Staff reporter | Published: 18 January 2018

BUSINESS NEWS

'Zimbabwe bond notes are untenable'

There is consensus in Government that bond notes have largely served their purpose and are "not tenable" within the context of Zimbabwe's new economic growth trajectory.Finance and Economic Planning M...

By Staff reporter | Published: 14 January 2018

BUSINESS NEWS

Fake bond notes on Harare streets

Zimbabwe's money market has been hit by counterfeit bond notes largely found on the parallel market where unscrupulous cash dealers are preying on unsuspecting cash seekers.The prevalence of the count...

By Staff reporter | Published: 17 December 2017

BUSINESS NEWS

Bond notes firm on parallel market

THE value of bond notes appreciated on the parallel market on hopes of economic recovery following the appointment of President Emmerson Mnangagwa, who is expected to institute broad reforms.Mnangagwa...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Bond notes impact on good money

A WEAK currency is the sign of a weak economy, and a weak economy leads to a weak nation, American business magnate Ross Perot once said.Zimbabwean depositors have watched helplessly as their deposits...

By Staff reporter | Published: 29 November 2017

BUSINESS NEWS

Bond Notes gain ground

THE ascendency of President Emmerson Mnangagwa to power has created a positive perception in the economy in a move that has seen bond notes gaining some ground against some of the world's major curren...

By Staff reporter | Published: 28 November 2017

OPINION

Bond notes coming home to roost

LAST week's crashing of the bond note against the United States dollar led to market panic while at the same time evoking memories of the country's unprecedented economic meltdown and hyperinflation e...

By Tinashe Kairiza | Published: 06 October 2017

BUSINESS NEWS

Bond notes still legal tender in Zimbabwe, says RBZ

THE Reserve Bank of Zimbabwe (RBZ) has dismissed as a hoax messages circulating on social media calling on Zimbabweans to deposit all bond notes claiming the Central Bank wants to replace them with a ...

By Staff reporter | Published: 28 September 2017

FINANCIAL SERVICES

CZI calls RBZ to release bond coins not notes

INDUSTRY lobby group, the Confederation of Zimbabwe Industries (CZI) has called on the Reserve Bank to release the additional $300 million, not in notes but in coins as a way of countering the black m...

By Staff reporter | Published: 15 September 2017
Pages:
1
2

Latest News

Latest Published Reports

Latest jobs