Shops Rejecting Bond Notes & EcoCash In Major Blow For Consumers

  In a startling development for the ordinary person, it has been reported that most businesses in the rural areas of Matabeleland South are now rejecting bond notes and are only accepting Pula, Rand and United States Dollars. According to the state-controlled Sunday News, Mangwe-Plumtree Business Association chairperson Golden Dube told the publication, Most of … Read full post here

WATCH: “Trump Akatipa 2.5 Million Yekwavo, Kwete Ma RTGS”- Ecstatic Mnangagwa Celebrates US Cyclone Idai Donation

President Emmerson Mnangagwa seemed very ecstatic when he announced a US$2.5 million donation from the United States of America for Cyclone Idai relief efforts. The President went as far this donation was important as it was in real money from the United States and not in RTGS.   This is sad. Our President was on … Read full post here

Mnangagwa Sued Over Introduction Of RTGS Dollar

  University of Zimbabwe (UZ) lecturer Shakespear Hamauswa has sued President Emmerson Mnangagwa at the High Court seeking an order to have the Presidential Powers (Temporal Measures) Act, which Mnangagwa used to introduce the RTGS dollar, declared as unconstitutional. The lecturer also wants the High Court to issue another order declaring the Presidential (Temporal Measures) … Read full post here

Mangudya Pulls Another Shocker: Claims Bond Notes Did Not Fail, Blames Economy For Failing

  Reserve Bank of Zimbabwe (RBZ) governor John Panonetsa Mangudya has sensationally declared that the bond notes did not fail. According to Mangudya, it is the economy which failed instead. At the introduction of the bond notes, the governor infamously declared that he would resign if the maligned pseudo-currency did not work and has up … Read full post here

Zimbabwe’s “RTGS Dollar” Tops Africa’s Top 20 Strongest Currencies

  Zimbabwe’s new “currency” the “RTGS Currency” which was recently introduced by the Reserve Bank of Zimbabwe governor John Panonetsa is currency rated as the strongest currency on the African continent. According to a study done by publication, Povo News Africa, tops the list ahead of more established currencies. Below is the list which was … Read full post here

Starting Rate For USD Pegged At 2.5 As Mangudya “Throws Sand” On Black Market (UPDATED)

Reserve Bank of Zimbabwe governor John Panonetsa Mangudya has announced that the central bank in consultation with banks has set the starting rate for the trading of the United States Dollar against the “newly” introduced RTGS Dollar at 1USD:2.50RTGS$. The starting rate was announced by Mangudya at a monetary policy review meeting hosted by the … Read full post here

Tendai Biti Savages Mangudya For De-dollarizing Through The Back Door, Warns Of Severe Pain Ahead

  Former Minister of Finance and opposition politician Tendai Biti has slammed Reserve Bank of Zimbabwe (RBZ) governor John Mangudya for de-dollarizing the economy and virtually smuggling back the Zimbabwe Dollar. This comes after Mangudya introduced the “RTGS Dollar” currency today while presenting the Monetary Policy Statement. According to Biti, who has been described as … Read full post here

RBZ Governor John Mangudya Introduces New Currency – “RTGS Dollars” [UPDATED]

Presenting the 2019 Monetary Policy Statement today, Reserve Bank of Zimbabwe (RBZ) governor John Panonetsa Mangudya introduced a new form of money known as “RTGS Dollars”. These “RTGS Dollars” basically consist of RTGS balances, bond notes and coins. Said Mangudya, RTGS, bond notes and coins to be immediately denominated as ‘RTGS Dollars’. The legal instrument … Read full post here

WATCH: “The Bond Note Is The Strongest Currency In The SADC Region” Claims Eddie Cross

Former MDC Alliance member Eddie Cross has claimed that the bond note is the strongest currency in the whole of the SADC region despite the country’s current economic problems. Cross went on to say that he expects the economy to stabilise around June of this year when the government introduces the new Zimbabwe dollar. “The … Read full post here

RBZ Blasts Panic Causing Rumours Claiming Bond Notes Will Be Discontinued On January 26

  The Reserve Bank of Zimbabwe (RBZ) has dismissed social media rumours which claimed that the country’s surrogate currency, the bond notes will be discontinued on January 26. The RBZ advised the public to keep calm saying that the rumour was meant to cause panic and despondency in an already fragile economy. In a statement … Read full post here