BUSINESS NEWS

'No Zimdollar return'

The Reserve Bank of Zimbabwe (RBZ) has refuted claims circulating on social media about the reintroduction of the banished local unit.Social media sites such as WhatsApp, Facebook and Twitter were awa...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

RBZ dismisses Zimdollar return rumours

The Reserve Bank of Zimbabwe (RBZ) has advised members of the public to ignore and dismiss the social media article on the re-introduction of the local currency with the contempt it deserves.In a stat...

By Staff reporter | Published: 03 July 2018

POLITICS

Mukupe dismisses Zimdollar return reports

FINANCE and Economic Planning Deputy Minister Terrence Mukupe has dismissed a statement circulating on social media announcing the re-introduction of the local currency.The statement purportedly signe...

By Staff reporter | Published: 03 July 2018

BUSINESS NEWS

Zimdollar to make a comeback, says Chiwenga

Vice President Constantino Chiwenga says the Zimbabwe dollar will be reintroduced at an "appropriate time", after the government has fixed the country's ailing economy.According to the state-owned Her...

By Staff reporter | Published: 30 June 2018

BUSINESS NEWS

Zimdollar at appropriate time, says Chiwenga

GOVERNMENT will reintroduce a Zimbabwean currency at the appropriate time as part of a sustainable economic growth strategy, Vice President Constantino Chiwenga has said. He was addressing a Zanu-PF r...

By Staff reporter | Published: 28 June 2018

ZIMBABWE

Economists ponder Zimdollar return

ZIMBABWE will have to use the parallel market rate to determine the official exchange rate when it introduces a new currency, economic commentators have said.The country adopted a multi-currency syste...

By Staff reporter | Published: 27 June 2018

POLITICS

Mnangagwa hints on Zimdollar return

PRESIDENT Emmerson Mnangagwa on Saturday hinted on plans to reintroduce the Zimbabwe dollar to curb the current cash shortages.Addressing a Zanu-PF campaign rally in Bulawayo, Mnangagwa said the grind...

By Staff reporter | Published: 25 June 2018

BUSINESS NEWS

'Chart path towards Zimdollar return'

GOVERNMENT should start developing a clear monetary plan for the introduction of local currency at the appropriate time when necessary measures have been put in place, an official said yesterday.The c...

By Staff reporter | Published: 25 April 2018

BUSINESS NEWS

Too early for Zimdollar return, says Mukupe

Government will not introduce a local currency before establishing the right and necessary import cover, Finance and Economic Development Deputy Minister Terrence Mukupe has said.Addressing a public l...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

Insurers to pay for Zimdollar losses

Insurance policy-holders and pensioners should be compensated for loss of value suffered as a result of hyperinflation in 2007-8 and the country's adoption of a multi-currency system in 2009, a commis...

By Staff reporter | Published: 12 March 2018

BUSINESS NEWS

Reserves to back Zimbabwe's new currency

President Emmerson Mnangagwa said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country's own currency. The nation abandoned the Zimbabwe do...

By Staff reporter | Published: 25 January 2018

BUSINESS NEWS

Zim build its gold reserves to back Zimdollar relaunch

Zimbabwe's new president, Emmerson Mnangagwa, said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country's own currency.The nation abandone...

By © 2018 Bloomberg L.P | Published: 24 January 2018

BUSINESS NEWS

Zimbabwe not ready for Zimdollar return

ZIMBABWE is not ready to have its own currency until productivity levels recover to allow for the creation of reserves that will improve the liquidity situation, economic experts have said.Speaking du...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

'Brace for Zimdollar return'

President Emmerson Mnangagwa's government will soon reintroduce the Zimbabwean dollar which will be anchored by international goodwill, Special Advisor to the President Chris Mutsvangwa has said.The r...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Zimbabwe to have its own currency

President Emmerson Mnangagwa's top priority is to ensure Zimbabwe has its own currency so as to stimulate economic growth and build investor confidence in the country, an official has said.Special Adv...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

'Zimbabwe must have own currency'

THE political leadership in Zimbabwe should work closely with international investors to revamp the manufacturing sector through crafting strategies that spur economic growth and lead to the return of...

By Staff reporter | Published: 30 November 2017

ZIMBABWE

Re-introducing Zimdollar will be economic suicide

THE adoption of bond notes as official currency would worsen the parallel market, thereby, quickening inflation, analysts have warned.Last week, government's top adviser on ease of doing business refo...

By Staff reporter | Published: 04 September 2017

OPINION

The Zimbabwe dollar

THE year 1980 was a very good year indeed, not only for political reasons, but economic reasons as the Zimbabwe dollar was very strong against major currencies, even way stronger than regional currenc...

By Morris Mpala, MoB Capital Ltd | Published: 16 August 2017

BUSINESS NEWS

Mnangagwa moots resurrecting Zimdollar

Vice-President Emmerson Mnangagwa has revealed that the defunct Zimbabwean dollar could soon be resurrected, as the government is gradually piling up gold and diamond reserves to back it up since they...

By Staff reporter | Published: 28 July 2017

ZIMBABWE

Zimdollar mentality lingers

Zimbabwean products are expensive as "companies have failed to leave the Zimbabwe dollar mentality" of charging high prices, central bank governor John Mangudya said.He said the scenario has made loca...

By Staff reporter | Published: 07 June 2015

BUSINESS NEWS

'No money to demonetise Zimdollar'

Patrick Chinamasa, the Finance minister, yesterday said government was not yet ready to compensate depositors who lost their money held  in banks during the  change-over from local to the mu...

By Staff reporter | Published: 22 July 2014

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

ZIMBABWE

'Zimdollar return not a realistic option'

The reintroduction of the Zimbabwe dollar is not a realistic option available to this country in the short to medium term given the compelling need to increase liquidity in the economy, the Bankers As...

By Staff reporter | Published: 08 May 2014

BUSINESS NEWS

'Zimdollar not imminent'

ZIMBABWE'S multi-currency regime will remain for the foreseeable future, the government said last night, trashing reports that its return was imminent.Deputy Information Minister Supa Mandiwanzira, sp...

By Staff reporter | Published: 25 April 2014

POLITICS

Biti predicts Zimdollar return fears

THE ZIMBABWEAN government will be forced to reintroduce the Zimbabwe dollar as a desperate attempt to expunge growing domestic debt and manage its wage bill, former finance minister  Tendai Biti ...

By Staff reporter | Published: 25 April 2014
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