Author Archives: dearjames

A rebuttal video from Nomalisa Musasiwa in which she disputes some of the ‘facts’ mentioned by Zororo Makamba in his video on the reintroduction of the Zimbabwe Dollar.  

  The Reserve Bank of Zimbabwe (RBZ) has that it is currently working on measures to ensure that the newly reintroduced Zimbabwe Dollar will be recognised across the whole world. NewsDay reports that RBZ director of research John Mafararikwa told a meeting organised by the Institute of Chartered Accountants of Zimbabwe, We have sent messages […]

President Emmerson Mnangagwa has been sued over his government’s decision to reintroduce the Zimbabwe Dollar and abolish the multicurrency system. Businessman and losing presidential candidate Joseph Makamba Busha has lodged an application at the High Court seeking to have Statutory Instrument 142 of 2019 reversed. Part of Busha’s court papers filed by his lawyers, Tichawana […]

Quick service restaurants (QSR) operator Simbisa Brands has decreased the prices of some of its products, following the reintroduction of the Zimbabwe Dollar and the banning of the multicurrency system. Simbisa Brands announced a decrease in prices at Chicken Inn, Pizza Inn, Haefelis, Creamy Inn and Steers. The prices at Bakers Inn have not decreased. […]

The Reserve Bank of Zimbabwe (RBZ) has reassured the nation that it will not plunge the country back into the hyperinflation era by overprinting money. RBZ governor John Mangudya insisted that the central bank was only going to print $400 million worth of bond notes in order to increase the amount of paper money and […]

  Talk-show host and producer, Zororo Makamba speaks on President Emmerson Mnangagwa’s government’s decision to ban the multicurrency system and reintroduce the Zimbabwe Dollar.

It seems that the reintroduction of the Zimbabwe Dollar and the abolishing of the multicurrency system will not fare well for tourists and customers of the hospitality and food industry. Some of the operators have raised their prices to abnormally high levels in the local currency as well as foreign currency, which would make it […]

  The parallel market rate has gone down slightly while the official interbank rate continues to increase at a very sedate pace.   Zimbollar.co.zw (Last updated May 27, 2019) 100   USD   =   730.0   RTGS (630.0%) 100   USD   =   525.0   Bond (425.0%) 100   USD   =   806.0   RTGS (706.0%) (Old […]

  The parallel market rate continues going up, albeit at a more sedate rate,  while the Interbank Foreign Currency Rate seems to be stable and is not showing any signs of moving.  Below are the black market rates iHarare has aggregated from a number of sources.   Zimbollar.co.zw (Last updated May 24, 2019) 100   USD […]