By Tony Hawkins, HARARE, February 12 (The Source) – The monetary policy statement (MPS) predicated on the fiction that the local bond note currency is worth the same as the international dollar must be interpreted with due circumspection, if not outright cynicism.
By Kuda Chideme, HARARE, February 7 (The Source) – The Reserve Bank of Zimbabwe (RBZ) says it is negotiating a $1,5 billion loan guarantee with the African Export and Import Bank (Afreximbank) to protect foreign investor funds from the country’s high risk profile and for… Read More
HARARE, January 12 (The Source) – Zimbabwe foreign exchange receipts increased by 3,77 percent to $5,5 billion in 2017 from $5,3 billion in the previous year on increased exports, and diaspora remittances, central bank governor said on Friday.
HARARE, December 21 (The Source) – The Reserve Bank Of Zimbabwe (RBZ) warned the public against investing in cryptocurrencies such as bitcoin, saying those engaging in virtual currency transactions will not have legal protection or recourse in the event that they lost their hard earned… Read More
HARARE, December 7 (The Source) – Some reactions to the 2018 National Budget, which was presented by Finance Minister, Patrick Chinamasa on Thursday.
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.