‘Zim will stick to US dollar’
The structured currency will be backed by 2,5 tonnes of gold, worth US$175 million, according to Reserve Bank of Zimbabwe governor John Mushayavanhu.
By Tafadzwa Mhlanga
Apr. 5, 2024
US$575m war chest to anchor new currency
The reserves are about four times less than what the central bank estimates is circulating in the informal sector at a time when government requires billions of dollars in capex.
By Tafadzwa Mhlanga and Harriet Chikandiwa
Apr. 5, 2024
Civil servants to receive outstanding allowances
Guvamatanga said the civil servants would receive their dues in foreign currency.
By Nhau Mangirazi
Mar. 6, 2024
US$3,5bn white farmers deal perched on legal hole
George Guvamatanga, permanent secretary at the Ministry of Finance, did not respond to the Independent’s questions.
By Freeman Makopa
Jan. 5, 2024
Govt pleads with banks to lower charges
Treasury and the central bank have been advocating lower banking fees to attract the estimated US$2,5 billion circulating outside formal channels.
By Tafadzwa Mhlanga
Dec. 12, 2023
Govt awards chiefs hefty bonuses
Chiefs, headmen, village heads and their messengers will be awarded the bonuses both in United States dollars and in local currency.
By Miriam Mangwaya
Nov. 12, 2023
The OK debate: Agric will suffer
While Shoprite and Pick n Pay in South Africa can leverage their sales on products like furniture and hardware, Zimbabwean supermarkets rely on agricultural products.
By Kudakwashe Gwabanayi
Oct. 20, 2023
Govt seeks US$5m from domestic market
The issuance of the Treasury Bill comes as government’s public debt is estimated to be more than US$20 billion to date.
By Business Reporter
Oct. 11, 2023
Letter to my people: Douglas Mwonzora strategy at play
Formal retailers in South Africa do not operate with a currency that continually loses value.
By Doctor Stop It
Oct. 8, 2023
