OPINION

Zimdollar future hangs in the balance

IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...

By Eddie Cross | Published: 12 September 2023

BUSINESS NEWS

Zimdollar strengthens against the real US dollar

The local currency appreciated for the first time against the US dollar after it firmed a marginal 0.094% to 83.3209 from 83.3994. This followed a drop in both the highest and lowest bids to 87.5 and ...

By Staff reporter | Published: 01 September 2020

BUSINESS NEWS

UK think tank sees Zimdollar firming

The Zimbabwe dollar is expected to largely stabilise next year before it starts firming against the US dollar on the back of growing confidence in the domestic currency.The local currency would fall t...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Zimdollar, rand parity reignites debate

The Zimbabwe dollar and South Africa's Rand (ZAR) have held par for almost two weeks now, reigniting debate on whether monetary authorities should re-consider adopting the rand as a functional currenc...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Zimbabwe enforces exclusive use of Zimdollar for domestic transactions

Government has reinforced legislation which formalised the use of local currency by empowering the Reserve Bank of Zimbabwe (RBZ) to issue civil penalties for contravention and also applying criminal ...

By Staff reporter | Published: 28 September 2019

FINANCIAL SERVICES

Zimdollar plunges after weekend gains

The value of the Zimbabwe dollar yesterday plunged against the United States dollar after stabilising at the weekend following the Reserve Bank of Zimbabwe (RBZ)'s decision to freeze bank accounts of ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

'Mugabe coup announcer' sets record straight on Zimdollar

Government insists that the ban on the use of multiple currencies will remain in place as it seeks to lower the cost of doing business and get the economy functioning again after decades of uncompetit...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Why Mthuli Ncube fast-tracked Zimdollar return plans

Zimbabwe re-introduced its local currency earlier than scheduled because the market was rapidly re-dollarizing, putting more pressure on the government, finance minister Mthuli Ncube said Monday.Ncube...

By Xinhua | Published: 09 July 2019

BUSINESS NEWS

'Zimdollar must be backed by production'

THE newly introduced Zimbabwe dollar should be backed by production to maintain value against major currencies and sustain strong economic activity in the country, economist, Dr Gift Mugano, has said....

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

RBZ seeks international recognition for Zimdollar

The Reserve Bank of Zimbabwe (RBZ) says it has written to international exchanges requesting them to officially recognise the Zimbabwe dollar as a tradeable currency.The reintroduction of the local cu...

By Staff reporter | Published: 04 July 2019

OPINION

The new Zimdollar: What could go wrong?

ZIMBABWE last week made its interim currency, the RTGS dollar, the country's sole legal tender, drawing the curtains on a decade of United States dollar dominance. Harare was forced to abandon its own...

By Ed Stoddard | Published: 03 July 2019

BUSINESS NEWS

'No going back on Zimdollar'

The government will never repeal Statutory Instrument (SI) 142 of 2019 which bans the use of foreign currencies as legal tender and makes the RTGS the country's sole legal tender - Justice minister Zi...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Zimdollar given 5-day ultimatum

THE National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimb...

By Staff reporter | Published: 27 June 2019

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
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