An IMF team is in Zimbabwe to begin the first review of the Staff Monitored Programme (SMP), as the Fund presses for quicker progress on market reforms.  Gene Leon, Division Chief of the IMF...
Finance Minister Mthuli Ncube has established a nine-member monetary policy committee (MPC), as part of measures to help bring credibility to policy as the economy pushes towards its own currency.  The MPC has been...
In 2009, Zimbabwe stopped showing annual inflation data after switching to the US dollar. Now, the country is doing this again, and this time it's because it has ditched the US currency. Until...
Following the end of dollarisation last month and the inevitable confusion that ensued, the Reserve Bank of Zimbabwe (RBZ) has today, July 24, issued its second exchange control circular to clarify certain aspects of the new regime,...
Civil servants will go on strike unless government raises salaries to the equivalent of US$475 for the lowest paid worker, union leaders said on Tuesday. Zimbabwean workers’ incomes have been eroded by resurgent inflation,...
Zimbabwe owes US$196 million to the world’s airlines in unremitted ticket sales, and the International Air Transport Association (IATA) has warned President Emmerson Mnangagwa that the debt could force operators to reduce flights into the country.  
Public sector workers have rejected a government offer of ZWL$180 million in added pay for the July-December period as inadequate in the face of soaring inflation, a union official said. Zimbabweans are angry as...
Finance Minister Mthuli Ncube reckons he’s done with his “shock therapy” of the Zimbabwean economy, saying he believes he’s made progress towards mending the fiscal deficit and the exchange market. However, he is keeping a...
By MacDonald Dzirutwe HONDE VALLEY - David Muganyura smells the coffee cherries on the slopes of his plot and breaks into a smile, as he chats to workers who are harvesting a crop he expects to...
Zimbabwe’s central bank has reassured gold companies and people receiving money transfers that they will still be able to receive foreign currency in their bank accounts after a ban takes effect in shops. On Monday, Zimbabwe...
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