HARARE, November 14 (The Source) – Today, November 14, 2017 marks exactly 20 years to the day the Zimbabwe dollar crashed, a fate that is afflicting its modern day replacement the bond note, at an even faster rate.
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, HARARE, October 19 (The Source) – Zimbabwe’s foreign exchange situation is getting worse in spite of extensive touting of a ‘nostro-stabilisation’ loan the Reserve Bank of Zimbabwe says it got from Afreximbank. How do we know this? Watch the indicators from… Read More
By Ray Chipendo, HARARE, October 6 (The Source) – All investments involve an element of risk. The risk component is ostensibly behind the volatility in Zimbabwe’s currency markets.
By MacDonald Dzirutwe, HARARE, October 6 (Reuters) – After defying economic gravity for a year, Zimbabwe’s homemade U.S. dollars have fallen to earth with a bump.
HARARE, September 28 (The Source) – Zimbabwe on Thursday gazetted a new law criminalising unlicensed currency trading in an attempt stem out a thriving parallel market for bank notes in the country.
VICTORIA FALLS, September 28 (The Source) – Reserve Bank of Zimbabwe deputy governor Kupukile Mlambo has proposed that the country introduces more bond coins than notes into the local market to curb high circulation of bond notes in the informal market. Unlike the bond notes,… 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.
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, January 5 (The Source) – The Reserve Bank of Zimbabwe (RBZ) says it has released into circulation $72,9 million worth of bond notes since the surrogate currency was introduced last November. The bond notes were introduced to tackle a US dollar note shortage but… Read More
HARARE, December 1 (The Source) – Canada-listed Caledonia Mining Corp (Caledonia) says the Reserve Bank of Zimbabwe has given assurances that it will pay for all gold deliveries in United States dollars, despite the introduction of a local ‘bond note’currency. Caledonia operates the Blanket gold… Read More
HARARE/BULAWAYO/MUTARE/VIC FALLS Nov 28 (The Source) – Zimbabwe introduced its new currency on Monday to mixed market reaction — broad acceptance by major retailers, informal traders and public transport operators — but without the crucial buy-in of fuel retailers. The country dumped its inflation-ravaged currency… Read More
HARARE, November 28 (The Source) – Back in May, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya announced plans to introduce Bond notes as a measure to ease an acute banknote shortage. The RBZ’s handling of the matter since making the announcement has caused confusion… 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. “The bond notes will be released into the market through normal banking channels in small denominations of… Read More