“Zim Dollar Will Soon Be Recognised Outside The Country” – RBZ

  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 […]

“We Are Only Printing $400m To Increase Paper Money” – Mangudya Allays Fears Of Abuse Of Printing Press

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 […]

PICS: Cheer For Fast Food Lovers As Prices Get Slashed

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. […]

PICS: “Haukudyi Uku” – More Abnormal Prices From Restaurants Following Reintroduction Of Zim 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 […]

Mnangagwa Sued Over Return Of Zim Dollar

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 […]

Official & Black Market Exchange Rates – 24 May 2019…Parallel Market Continues Going Up As InterBank Holds Steady

  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 […]

Mthuli Ncube Drops Shocker…Claims Prices Will Start Falling In July

In a rather surprising development, Finance Minister Mthuli Ncube has claimed that the price of basic commodities will start falling next month despite the spate of price increases which have seen most goods skyrocketing. The Herald reports that Mthuli said this a pre-recorded Governors’ Statement released here during the 54th Meeting of the Boards of […]