HARARE, October 4 (The Source) – Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday told a meeting of business leaders that the country was generating sufficient foreign currency but was suffering from lack of confidence in the financial system. Mangudya said Zimbabwe… Read More
HARARE, September 21 (The Source) – Zimbabwe is moving to inject additional bond coins valued at $3 million into the local market, it has emerged. According to a September 20, 2017 invoice seen by The Source from South African Mint chief financial officer, Gerda Janse… Read More
HARARE, September 14 (The Source) – The central bank is set to meet bankers over foreign currency allocations following claims by business that banks are not prioritising the productive sector. In the wake of a deepening foreign exchange shortage that has seen Zimbabwe accumulate… Read More
HARARE, September 8 (The Source) – Zimbabwe will next month commence repatriation of sale proceeds and dividends for foreign investors on the Zimbabwe Stock Exchange (ZSE), following establishment of the country’s Portfolio Investment Fund (PIF). Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday said… Read More
HARARE, September 6 (The Source) – Zimbabwe’s foreign currency receipts rose 6,6 percent to $3,2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central bank governor, John Mangudya.
HARARE, September 5 (The Source) – Zimbabwe’s retailers have warned of possible food shortages as it becomes increasingly difficult for the country to process foreign payments to raw material suppliers outside country, with the backlog estimated at $180 million.
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