By Simbarashe Zishiri, HARARE, October 24 (The Source) – Zimbabwe’s financial sector could come under great strain if government defaults on honouring maturing treasury bills, with local banks facing undercapitalisation and the economy facing a recession.
HARARE, August 28 (The Source) – Zimbabwean banks have significantly increased their holdings of treasury bills (TBs) by 87 percent in the six months to June, results from reporting banks show as government continues to dominate borrowing at the expense of productive sectors of the… Read More
HARARE, April 12 (The Source) – Government has to date issued Treasury Bills totalling $4,417 billion since 2014 with $3,315 billion of those being current, Finance Minister Patrick Chinamasa has said, admitting increased reliance on the paper to bridge the state’s funding gap and to… 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 23 (The Source) – CBZ Holdings, Zimbabwe’s largest local financial group on Thursday reported a 32 percent drop in profit after tax to $23,7 million in the full year to December from $35,2 million last year and its Treasury Bills holdings doubled to… Read More
HARARE, August 2 (The Source) – A leading stock market analyst has warned that Treasury Bills (TBs) being issued by the Zimbabwe government are now carrying a high risk profile as the state’s fiscal space shrinks. With no access to foreign money, Zimbabwe’s budget is… Read More
HARARE, April 7 (The Source) – Government has issued Treasury Bills worth $103 million to repay part of the central bank’s debt to banks and farmers which accumulated during the pre-dollarisation period, Parliament heard on Monday. The central bank has a $1,35 billion debt, due… Read More