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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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