HARARE, December 8 (The Source) – Zimbabwe’s finance minister Patrick Chinamasa says country’s cash crisis will not be resolved overnight, saying he is minded to tackle the widening budget trade deficit.
HARARE, September 25 (The Source) – Old Mutual is trading three times higher on the Zimbabwe Stock Exchange compared to its primary listing on London Stock exchange (LSE), indicating that local assets are overvalued as punters seek to maximise value in Zimbabwe’s currency chaos.
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, February 7 (The Source) – Standard Chartered Bank’s Zimbabwean unit on Tuesday cancelled the automatic use of its VISA cards internationally in response to a deepening shortage of US dollar notes in the country. “We regret to advise that we have cancelled the automatic… 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 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
HARARE, November 26 (The Source) – Zimbabwe’s central bank says bond notes, a token currency which will circulate within a basket of multiple currencies, will be introduced on Monday, with an initial rollout of $12 million. Zimbabwe’s government hopes the bond notes, which will trade… Read More
By Plaxedes Sibanda, HARARE, November 18 (The Source) – Government has moved to amend the Reserve Bank of Zimbabwe Amendment Act through Parliament to regularise the introduction of ‘bond notes,’ a surrogate currency designed to arrest a biting dollar note shortage, following legal challenges to… Read More
HARARE, November 3 (The Source) – Foreign buyers are deserting the Zimbabwe Stock Exchange in record numbers, with net outflows of $56, 28 million in the 10 months to October, the biggest sell-off in five years over government plans to introduce a token currency in… Read More
HARARE, November 1 (The Source) – Zimbabwe will only introduce bond notes into the economy when the central bank is satisfied with levels of public awareness of the new currency’s features, Finance Minister Patrick Chinamasa has said, adding to the uncertainty surrounding the currency. On… Read More
HARARE, October 31 (The Source) – The recent surge in the share price of the multiple-listed Old Mutual on the Zimbabwe Stock Exchange (ZSE), where it is now trading at a 32 percent price premium, could possibly point to how the market could price a… Read More
HARARE, October 31 (The Source) – A Reserve Bank of Zimbabwe (RBZ) statement hit email inboxes across the country’s newsrooms just after 3pm on Monday, almost triggering coverage action plans that have been in the works since the central bank announced its intention to introduce… Read More
HARARE, August 22 (The Source) – The planned October introduction of a token currency in Zimbabwe, called bond notes, has stoked fears of the return of a much-loathed local currency by stealth. Zimbabweans have nightmarish memories of the last time they had a currency of… Read More
HARARE, May 24 (The Source) – Imports into Zimbabwe will drop three percent this year as regional currencies recover against the US dollar, helping Zimbabwe begin to narrow its current account deficit, an advisory firm has forecast. The United Kingdom-headquartered BMI Research, which is a… Read More