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

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
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