The Zimdollar exchange rate and hyperinflation: A chronicles update

THE Zimbabwe dollar has suffered the worst performance in the first quarter of 2024, compared to corresponding periods since inception.
By Tinashe Duma Mar. 28, 2024

Address currency depreciation: CZI

In July 2022, the Reserve Bank of Zimbabwe (RBZ) introduced physical gold coins as an alternative store of value to the United States (US) dollar in the economy.
By Mthandazo Nyoni Mar. 28, 2024

Stanbic posts ZWL$744 billion profit

Inflation-adjusted net interest income closed the period at ZWL$429 billion, up 44% compared to the prior year.
By Mthandazo Nyoni Mar. 28, 2024

Wheels are coming off

Manufacturers' major gripe with retailers is that they pay in local currency and after a grace period like a month in an environment in which the Zimbabwe dollar is fast depreciating.
By Newsday Mar. 16, 2024

Stock markets bear run and prospects

The All Share Index on the Zimbabwe dollar (ZWL)-denominated market dwindled by -3,16% in nominal terms, closing at 525,570.8 points.
By Tinashe Duma Mar. 15, 2024

Zim mortgage crisis: The problem is govt

They are determined to give the impression that efforts are underway to construct descent houses for everyone.
By Shame Makoshori Mar. 15, 2024

CFI suffers ZWL$125bn loss

Overall, retail operations contributed 76,3%, while milling operations contributed 20,1% and farming operations accounted for 3,4% of group turnover.
By Mthandazo Nyoni Mar. 12, 2024

Govt reads riot act on parastatals

Speaking in Parliament during a question and answer session, Finance deputy minister David Mnangagwa said parastatals should consider receiving payments in local currency.
By Harriet Chikandiwa Mar. 9, 2024

Govt’s proposed new currency reforms doomed: Advisory firm

A currency board is the effective pegging of a country’s currency against that of another. It is put into effect through the holding of the later currency as reserves.
By Tafadzwa Mhlanga Feb. 23, 2024