The MDC's bold plan to join Southern African customs and currency blocs has implications beyond Zimbabwe's borders, write Catherine Grant Makokera and Brian Mureverwi IF it came off, a proposal by Zimbabwe’s official opposition to join the oldest customs union...
By Neville Mandimika UNDERSTANDING market nuances is everything in Africa and Zimbabwe’s newest currency — the bollar — is the epitome of idiosyncrasy. The bollar is the street name given to bond notes, the non-convertible currency introduced in November 2016, of...
With foreign currency on the new interbank market still a trickle, the Reserve Bank of Zimbabwe is pushing companies in the productive sectors to the front of the queue of forex buyers. A directive issued...
The RBZ’s monetary policy committee, which sat on Friday, 15 November 2019 resolved to cut the Bank’s policy rate from 70% to 35% with effect from November 20, 2019, according to notes released by the central...
AFTER his surprise appointment last month, Finance Minister Mthuli Ncube arrived at a Treasury which had just put out a grim first half report showing a $1.34 billion budget deficit, domestic debt approaching $10 billion, an unrelenting Treasury Bill...
Results just released by Old Mutual Limited, South Africa’s number two insurer and the holding company of Old Mutual Zimbabwe, show the impact of Zimbabwe’s currency reforms on the accounts of companies operating in the country.
The Reserve Bank of Zimbabwe’s monetary policy committee (MPC) has left its main bank rate steady, saying monthly inflation was within “close range” of its year-end targets. However, the MPC says it will...
IN his first address as president last November, Emmerson Mnangagwa promised to focus on economic recovery and to “shed misbehaviours and acts of indiscipline which have characterised the past.” But, faced with a tough battle to secure a fresh mandate...
The Confederation of Zimbabwe Industries (CZI), the country’s largest and most influential business grouping, says the recently introduced interbank forex market has not performed up to expectations. CZI, in their response to the...
The Reserve Bank of Zimbabwe (RBZ) has processed claims for foreign currency-denominated legacy debt worth US$1.2bn, rejecting dodgy requests worth US$861 million, governor John Mangudya revealed on Monday. After ending dollarisation last year,...
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