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ECONOMY-FINANCE

OPINION| The Zimbabwean Currency is Dead

The fall and demise of Zimbabwe dollar against hard currency is shocking. National treasury still believe in the local currency which is fast losing value week in week outReserve Bank of Zimbabwe introduced foreign currency auction system mid 2020 to curb the gate-away exchange rate between local currency and United States dollar.

  2 months ago ago
OPINION| The Zimbabwean Currency is Dead

POLITICS

OPINION| Mnangagwa believes that being the president means freedom to do as you like

ED has to make it clear the people he represent and lead as the president of Zimbabwe, is he the president of Zimbabweans or he is the president of security forces. ED should call for elections where himself, his friends and security forces only vote so he can stop making mockery of our constitutions and the organs of state.

  1 month ago ago
OPINION| Mnangagwa believes that being the president means freedom to do as you like

ECONOMY-FINANCE

Sad News For All Foreigners About The Money In Their Bank Accounts.[opinion]

The most recent expansion pattern which have seen merchandise and items ascend, on costs should trigger a deliberate activity by Reserve Bank of Zimbabwe, RBZ, to survey week after week money withdrawal limits  The national bank chief, Governor Dr John Panonetsa Mangudya, should not sit tight for an objection from residents or conferences yet think about the monetary variables on the ground. Which should be met with an unconstrained call. Save Bank of Zimbabwe controls on how money should be overseen and dispensed,

  10 months ago ago
Sad News For All Foreigners About The Money In Their Bank Accounts.[opinion]

ECONOMY-FINANCE

Sad News For All Foreigners About The Money In Their Bank Accounts.[opinion]

The latest development design which have seen product and things climb, on expenses should trigger an intentional action by Reserve Bank of Zimbabwe, RBZ, to study after quite a while after week cash withdrawal limits  The public bank boss, Governor Dr John Panonetsa Mangudya, ought not hold on for a complaint

  9 months ago ago
Sad News For All Foreigners About The Money In Their Bank Accounts.[opinion]

ECONOMY-FINANCE

Bad News for All Zimbabweans About the Money in Their Bank Accounts ||OPINION

RESERVE BANK MUST REVIEW WEEKLY CASH WITHDRAWAL LIMITS.  The latest inflation trend which have seen goods and commodities rise, on prices must trigger a voluntary action by Reserve Bank of Zimbabwe, RBZ, to review weekly cash withdrawal limitsThe central bank boss, Governor Dr John Panonetsa Mangudya, must not wait for an outcry from citizens or consultations but consider the economic factors on the ground. Which must be met with a spontaneous call. Reserve Bank of Zimbabwe regulates on how cash must be managed

  10 months ago ago
Bad News for All Zimbabweans About the Money in Their Bank Accounts ||OPINION

BUSINESS

New Zimbabwean Dollar Notes Can't Buy A Loaf Of Bread

The Reserve Bank(RBZ) which is the The central bank of Zimbabwe said last week that it will be introducing new higher denomination Zimbabwe dollar notes, 10s and 20s, into the market, as part of the ongoing process to bring an end to acute cash shortages. As of today, this ZWL$10 note is worth 16c (US$). The new notes are already in the streets, and the highest ZWL$20 note cannot even buy a loaf of bread. Just before the money was fully circulated a video of man holding bundles of the new $10 notes made wav

  1 year ago ago
New Zimbabwean Dollar Notes Can't Buy A Loaf Of Bread

POLITICS

Zimbabwe Must Have its Own Currency Like South Africa - OPINION

One of the most important issue presidential advisors may decide to write the President is that Zimbabwe needs to have it's ok own currency, and to do that it has to privatise RBZ or part of it like it is in other jurisdictions, like South Africa and USA.At least for

  8 months ago ago
Zimbabwe Must Have its Own Currency Like South Africa - OPINION

ECONOMY-FINANCE

Projections made by the IMF and the RBZ on Zimbabwe's economic growth contradicting

The projections that have been made by the International Monetary Fund and the Reserve Bank of Zimbabwe regarding the economic growth of Zimbabwe are contradicting.The former predicts a negative growth whilst the later predicts a positive economic growth for Zimbabwe in 2021.

  9 months ago ago
Projections made by the IMF and the RBZ on Zimbabwe's economic growth contradicting

BUSINESS

RBZ hunts video boast cash dealer; govt milks SA returnees with R600 bus fare

THE Reserve Bank of Zimbabwe Thursday offered a financial reward for the identity of a cash dealer who appeared in a video (above) with sealed packs of Z$5 notes, boasting that he was returning to business following the partial lifting of the lockdown. “The Reserve Bank of Zimbabwe, in collaboration with the Financial Intelligence Unit of Zimbabwe, is keen to interview the man to establish the circumstances under which he came into possession of the cash,” Governor John Mangudya said in a statement. Cas

  1 year ago ago
RBZ hunts video boast cash dealer; govt milks SA returnees with R600 bus fare

ECONOMY-FINANCE

'Zimbabwe inflation on the rise' - OPINION

The parallel exchange rate is back in the fold and the stretch, is being felt which have seen prices of goods and commodities going up beginning of January 2021.

  9 months ago ago
'Zimbabwe inflation on the rise' - OPINION

CRIME

Govt reintroduces US dollars, blames coronavirus; pardoned murderer kills five-year-old nephews

THE Reserve Bank of Zimbabwe (RBZ) has lifted its ban on the use of foreign currency in carrying out domestic transactions saying this was to facilitate ease of transacting during the current coronavirus period. The surprise policy pronouncement is among a slew of measures introduced by the apex bank ostensibly to prepare the nation for financial pressures brought by the global pandemic. In a Thursday statement, central bank governor John Mangudya said the directives come into effect immediately. A CONVICTE

  1 year ago ago
Govt reintroduces US dollars, blames coronavirus; pardoned murderer kills five-year-old nephews

POLITICS

Gono Justifies Corruption in Zimbabwe

The Zimbabwean Government confirms through former RBZ Governor, Gideon Gono, what we have been saying that the Farm Mechanisation equipment bought through the RBZ quasi-fiscal corruption for ZANUPF elites was part of a BIG LOOTING scam of public funds! The equipment was originally meant to be paid for, but as with everything to do with ZANUPF and State funds, the regime decided to burden the debt to YOU the citizen! This project was directly tied to political support for the ruling party and regime’s chaotic

  1 year ago ago
Gono Justifies Corruption in Zimbabwe

POLITICS

Zanu Pf Life After Comrade Robert Mugabe - Opinion

ZANU PF LIFE AFTER ROBERT MUGABE - HOW IT BLUNDERED. The fall of Robert Mugabe was received with joy not only in Zimbabwe but from across the whole world. His demise from power captured the attention of his foes from every corner of adversaries and they received the news with a disbelieving heart that the impossibility has happened, for sure Mugabe was invincible but he bite the dust. The mountain of Africa was hit by a huge volcanic attack, sending a big cloud of ash into the skies and it was conquered and

  1 year ago ago
Zanu Pf Life After Comrade Robert Mugabe - Opinion

POLITICS

Opinion - The Problems in Zimbabwe Started in 1997

Our problems started in 1997 when $50 000 unbudgeted hefty payouts were dolled out to our freedom fighters, followed by the DRC war which consumed $1 million a day from the fiscus. The last nail on our economy was the fast track land reform program. I don't think land reform program was a bad idea but the way it was handled left a lot to be desired, considering that our government had made bad fiscal decisions by paying $50 000 hefty payouts to war-vets after ignoring them for 17 years. Even as if that was not

  1 year ago ago
Opinion - The Problems in Zimbabwe Started in 1997