HARARE, January 17 (The Source) – The Zimbabwe Stock Exchange All Shares index dropped 0,64 percent on Wednesday to 93,24 points on losses by Econet and some mid-cap stocks.
HARARE, January 17 (The Source) – Zimbabwe’s surrogate bond note currency will remain in use until the economy recovers enough to sustain its own monetary unit, finance minister Patrick Chinamasa has said.
HARARE, January 16 (The Source) – Bitcoin plummeted more than 15 percent on Tuesday to trade below $12,000 globally after South Korea suggested that it could impose a ban on the trading of digital currencies.
HARARE, November 29 (The Source) – Digital currency bitcoin broke new ground on Wednesday, breaching the $11,000 mark on the global market a few hours after zooming past $10,000, more than double its price at the beginning of October ahead of the possible launch of… Read More
HARARE, November 6 (The Source) – In 2008 at the height of the global economic crisis which followed the collapse of the United States based financial group, Lehman Brothers, a white paper challenging the traditional system of global payments was making rounds in the underground… Read More
By Matt E.T Matigari, September 21 (The Source) – Fool me once, shame on you, fool me twice, shame on me. So, what’s my point here? The point is we can’t be conned twice the same way in 10 years and blame the conmen. It… Read More
HARARE, July 25 (The Source) – A leading economics professor has urged Zimbabwe’s government to make its controversial bond note currency tradable on the foreign currency market to reduce its externalisation and tackle persistent cash shortages.
By Nelson Banya, HAMBURG, May 22 (The Source) – The cashier politely waved my debit card away. “No cards.” My 10 euro bill for a currywurst, pommes frites and a Coke had to be settled in cash. Hamburg, one of Europe’s richest cities and Harare,… Read More
BULAWAYO, April 26 (The Source) – Zimbabwean banks are holding only two percent of their liquid assets as cash, with more than 36 percent in the form of real-time gross settlement systems (RTGS), a central bank official said on Wednesday, highlighting the extent of the… Read More
HARARE, February 23 (The Source) – Hang your heads in shame, all you haters that have mocked Zimbabwe’s bond note and doubted its value. Not only has the bond note maintained its value, against all expectations, it is now more valuable than the US dollar.… Read More
HARARE, Feb 1 (The Source) – Econet Wireless Zimbabwe’s extraordinary general meeting, slated for Friday to consider a proposed $130 million capital raise, has been postponed indefinitely, the Zimbabwe Stock Exchange (ZSE) has said. Econet’s capital call has generated some controversy largely due to its… Read More
LES DIABLERETS, SWITZERLAND, Jan 31 (BBC) – A Swiss village has launched its own temporary currency in order to boost the local economy and finance a new cable car, which residents say is essential for the area’s future. Fifty-thousand coins have been released into local… Read More
HARARE, January 27 (The Source) – Zimbabwe has $304 million hard cash in circulation including $73 million in bond notes as of January 2017, about a third of optimum demand, reflecting a worsening liquidity crisis, an economist said. Ashok Chakravarti, who also advises the Office… Read More
HARARE, December 15 (The Source) – The value of transactions processed on Zimbabwe’s National Payment System (NPS) increased from $1,2 billion to $1,5 billion as the volume of transactions went up by 13 percent in the week the Reserve Bank of Zimbabwe (RBZ) introduced bond… Read More
HARARE, December 7 (The Source) – Zimbabwe’s central bank says it will release $7 million worth of $2 dollar bond notes into circulation this week. The notes, which are meant to ease a banknote shortage in the southern African nation, trade at par with the… Read More