Foreign currency receipts top $5,5bln in 2017

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.

Zim c/bank warns over Bitcoin currency

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

Zim mints more bond coins

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

OPINION: Bond notes – a big lie and a fraud

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.