Zimbabwe currency
Zim lawyer challenges govt’s decision to ban foreign currency
Godfrey Mupanga said the country’s laws allowed for the use of multiple currencies, and this could only be reversed by Parliament.
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Zimbabwe allays fears over gold sales, remittances after currency reform
On Monday, Zimbabwe declared its interim RTGS dollar the only legal tender, ending the decade-long use of multiple currencies including the US dollar.
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Zimbabwe's Mnangagwa talks up currency reform but business wary
Mnangagwa, who replaced longtime leader Robert Mugabe after an army coup in November 2017, is trying to attract investment and lift growth after a litany of failed economic interventions under his predecessor.
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Zimbabwe declares interim RTGS dollar its sole legal currency
The Real Time Gross Settlement dollar was introduced by the government on 22 February as the first step towards a new currency by year-end.
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Zimbabwean govt plans to introduce new currency by end of year
Most Zimbabweans were using local electronic RTGS dollars introduced in February, but the currency lost value against the US dollar, leading to massive price hikes and high inflation.
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Zimbabwe to rebase economy after adopting new currency - finance minister
The economy grew higher than expected in 2018, Finance Minister Mthuli Ncube told Parliament.
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Zimbabwe sold up to $20m to banks for trade on new forex platform - sources
Zimbabweans had hoped the end of Robert Mugabe’s rule in 2017 would change their economic fortunes but have instead watched as a severe dollar crunch hobbles businesses.
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Zimbabwe struggles to convince doubters as it launches new currency
Business people and economists welcomed last week’s decision to abandon an unrealistic dollar peg for the country’s surrogate bond notes and electronic dollars.
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[LISTEN] Should Zimbabwe officially join SA in a monetary union?
Currency specialist at Ironhead Trading, Tim Nhamo, weighs in on whether Zimbabwe should join South Africa as part of a monetary union.
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Zimbabwe central bank warms up ‘bond note’ printing presses
Zimbabwe is more than doubling its issuance of 'bond notes', a domestic quasi-currency, to $500 million, its central bank governor said.
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Zimbabwean bank suspends pay-TV payments over forex shortages
Local banks have been forced to limit withdrawals due to cash shortages while importers face long delays in paying for goods they bring in, forcing some businesses to buy dollars on the parallel market.
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New bond notes aren’t meeting cash demand - Zim finance minister
Patrick Chinamasa has acknowledged that the new bond notes aren’t meeting the current demand.
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Zim central bank chief unveils new local money
The notes start circulating at the end of next month and will be in denominations of $2 and $5.
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Zim minister to implement drastic cost cutting measures
If the minister’s plans are supported, 25,000 government workers will lose their jobs.
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Zimbabwe troops ready to deal with cyberwarfare
Army commander Philip Sibanda says information & communication technology are weapons of war.
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Zimbabwe police use batons to break-up anti-government protest
People marched in Harare against the government’s plans to introduce local bank notes.
