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 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
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
Zim dollar returning soon Reserve bank governor John Mangudya has revealed that Zimbabwe should expect a return of the local currency in the next three to five years after the economy has stabilized. Speaking during an interview with Bloomberg TV in New York, America, Mangudya said there was a need to make improvements to the … Read full post here
Mahomed Mussa EMPTY Shelves: EMPLOYEES Reveal the TRUE Story Social media was awash with rumors yesterday that one of the county’s largest wholesalers Mahomed Mussa was shutting down due to the skyrocketing RTGS/USD rate. The Black market rate has been escalating lately with $200 in your bank account getting you a paltry $100 in hard … Read full post here
Citizen reports have it that prices have sky rocketed in super markets and a few natural resources have become scarce. With the new dispensation in place shortly after the inauguration of elected President Emmerson Mnangagwa. Other news publications have also quoted around the speculation of the introduction of Chinese currency YUAN, and have also hinted … Read full post here
There is consensus in Government that bond notes have largely served their purpose and are “not tenable” within the context of Zimbabwe’s new economic growth trajectory. Finance and Economic Planning Minister Patrick Chinamasa has projected 4,5 percent economic growth in 2018, from 3,7 percent last year, driven by favourable policy interventions. The thinking in Government … Read full post here
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