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

I’m Not A Fool…I Don’t Keep Those Sh*t Bond Notes Or RTGS Declares Chatunga Mugabe As He Savages Mangudya & Mthuli Ncube

  Former president Robert Mugabe’s last born son Chatunga Bellarmine Mugabe has savaged Finance Minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) Governor John Panonetsa Mangudya saying that they are cheating Zimbabweans through the bond notes and the RTGS system. The younger Mugabe insisted that he does not keep and use the two pseudo … Read full post here

All Govt Employees, Including Embassy Workers In Foreign Countries, Get Paid In Bond/RTGS: Perm Sec Makes Shocking Claim

  Permanent Secretary for Information, Publicity & Broadcasting Services Ndabaningi “Nick” Mangwana has claimed that all government workers regardless of rank or posting earn in bond notes and RTGS electronic money. Mangwana went on to say that even Embassy staff posted in foreign countries also get paid in bond notes and have to make their … Read full post here

Increase Fuel To $4.39/Litre Or Fire Mangudya & His Bond Notes – Former Minister Calls For Mangudya’s Head

Former Deputy Minister of Finance and Economic Development, Terence Mukupe has called on the government to deal with the fuel crisis saying that it was now unsustainable. According to the former deputy minister, the price of fuel should go up to $4.39 per litre to remove the pricing distortions created by the government insisting that … Read full post here

Govt Must Send Signal To SA That Bond Notes Have Failed – Cross Borders Cry Out

Zimbabwe Cross Border Traders Association (ZCBTA) has urged the government to admit that the bond notes have failed and to take steps to adopt the South African Rand instead. ZCBTA president Killer Zivhu said that the South African government has indicated that it is willing to help, therefore the government should signal that it needs … Read full post here

Teachers Demand Salaries In US Dollars…Threaten Extreme Measures

Teachers Demand Salaries In US Dollars  The Zimbabwe Teachers Union (Zimta) is demanding their salaries to be paid in hard currency following the ongoing financial crisis that has hit the economy. This follows an out of control budget deficit blamed on runaway government expenditure which  appears to be the immediate target of new finance minister … Read full post here

LATEST:OK MART shuts down following USD/RTGS Currency Madness

The Governor of the Reserve Bank John Mangudya announced that Banks had up to the 15th of October, to separate RTGS balances from USD accounts. This sent shock waves within the market as citizens feared the return of 2008 where overnight all their savings were rendered useless. Zimbabweans over the past week have been racing … Read full post here