Tag Archives: exchange rates

“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 […]

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 […]

“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. […]

Mnangagwa Sued Over Introduction Of RTGS Dollar

  University of Zimbabwe (UZ) lecturer Shakespear Hamauswa has sued President Emmerson Mnangagwa at the High Court seeking an order to have the Presidential Powers (Temporal Measures) Act, which Mnangagwa used to introduce the RTGS dollar, declared as unconstitutional. The lecturer also wants the High Court to issue another order declaring the Presidential (Temporal Measures) […]