HARARE, August 9 (The Source) – Zimbabwe government’s expansion of its bond note programme could lead to a notable increase in inflation and will dim prospects for any economic recovery in 2017, according to research firm, BMI.
HARARE, August 3 (The Source) – Presenting his latest monetary policy statement on Wednesday, central bank governor John Mangudya looked like a runner who had just done the Gutu Half Marathon in mid-October.
HARARE, August 2 (The Source) – Zimbabwe’s central bank says it will print additional bond notes worth $300 million in an effort to ease biting cash shortages, stoking fears that the country could return to the era of money printing and hyperinflation.
By Matt E.T. Matigari, HARARE, July 26 (The Source) – The Reserve Bank of Zimbabwe (RBZ), and its principals, are solely responsible for the most extensive and sustained drain of wealth and destruction of people’s welfare in Zimbabwe’s colonial and post-colonial history.
By Kuda Chideme, HARARE, July 14 (The Source) – Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya on Wednesday told a business symposium organized by the University of Zimbabwe that the country had received $2,8 billion in foreign currency receipts between January and June. By… Read More
By Kuda Chideme, HARARE, July 12 (The Source) – Zimbabwe’s inflation rate is too low, and needs to increase to stimulate economic growth, central bank governor John Mangudya has said.
HARARE, May 3 (The Source) – Zimbabwe’s central bank says the country has reduced its foreign payments backlog by more than 50 percent to $185 million, largely due to forex flows from ongoing tobacco sales and improved dollar deposits. Businesses, especially manufacturers and mines, have… Read More
MUTARE, April 3 (The Source) – Zimbabwe is still paying off loans used to fund strategic national projects that have long become derelict or defunct due to lack of proper maintenance and care, central bank governor John Mangudya has said. Mangudya was speaking during a… Read More
HARARE, March 6 (The Source) – Zimbabwe currently has about $2.1 billion worth of treasury bills in the market, issued to bridge the government’s funding gap and clear the central bank’s debt, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said. The government’s domestic… Read More
HARARE, February 15 (The Source) – The central bank says it is putting in place a $70 million nostro stabilisation facility to quicken the processing of outgoing payments by banks after the amount held in offshore accounts dropped by two thirds as the country deals… Read More
HARARE, December 6 (The Source) – Standard Chartered Plc has confirmed being part of a proposed debt resolution plan for Zimbabwe, but says it will only provide the funding after reforms and with the approval of the British government. The privately owned financial weekly Zimbabwe… 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, with an initial rollout of $12 million. Zimbabwe’s government hopes the bond notes, which will trade… 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
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