Weakening Zim currency unsettles fragile industries
The interbank exchange rate rocketed by 68% from US$1:ZW$684 in December last year, to US$1:ZW$930 at the end of March.
By Mthandazo Nyoni
May. 19, 2023
It will not work, industry tells Ncube
Ncube last week outlined a slew of steps to protect the local currency and slow price hikes in an effort to address the widespread price spikes.
By Freeman Makopa
May. 14, 2023
Ceteris Paribus: Get rich quick on currency market
A 100% premium, as highlighted above, would likely lead to an increase in Zimbabwe dollar inflation in reality, despite not being officially published as an independent statistic.
By Tinashe Duma
May. 5, 2023
Candid Comment: Runaway black market rate spells doom for economy
This week parallel market dealers were buying US$1:ZW$2 000 and selling at US$1:ZW$2 200.
By Tinashe Makichi
May. 5, 2023
No sign of Zimdollar stability in the short-term outlook
Government issued Treasury Bills (TBs) valued at about US$1,45 billion in fulfilment of obligations due to some creditors and suppliers, prior to shelved.
By Respect Gwenzi
May. 5, 2023
Exchange rate situation to worsen
The current pace of losses on both markets is ahead of all the past four years since the reintroduction of the local currency.
By Respect Gwenzi
Apr. 21, 2023
‘Multiple exchange rates hurting business’
In a statement attached to its financial results for the year ended October 31, 2022, TSL said costs increased by 162% owing to interest rate hikes.
By Freeman Makopa
Apr. 6, 2023
Zim economic outlook (I)
According to Bloomberg’s 2023 compilation of global economic outlook reports, no other year has had such high expectations for a recession like this year.
By Tafara Mtutu
Jan. 6, 2023
Macro-economic priorities for 2023
Bond notes introduction in November 2015 confirmed investor fears and the rest is now history.
By Victor Bhoroma
Dec. 9, 2022
