Is base money responsible for Zimdollar crash?
ACCORDING to the Reserve Bank of Zimbabwe’s latest bi-monthly report, base money as at June 19 stood at ZW$13,9 billion up from ZW$13,3 billion at the close…
Economy
Ncube’s prophecy unfolds
IT has been a month of shock and awe moves by our monetary authorities and the government. The sudden closure of the Zimbabwe Stock Exchange (ZSE) is an…
Forex auction market sustains distortions
THE much-hyped foreign currency (forex) auction market had its inaugural trades on Tuesday this week. The weighted average forex rate, which the RBZ is taking…
Fiscal stability under threat due to new policy thrust
IN the week under review, monetary and fiscal authorities introduced swift changes to policy in a bid to ensure currency and general economic stability. The…
Will interbank resumption stabilise exchange rate?
ON Wednesday, the government announced a raft of policy measures designed to reconfigure and help stabilise the economy.The interbank foreign currency market,…
Questions on fiscal, monetary reporting
THIS statement released by Treasury arrested my attention: “Zimbabwe has been ranked number three in Africa in terms of budget transparency by the Open…
Monetary policy merry-go-round
ON June 8, we woke up to a Monetary Policy Committee (MPC) statement released by the central bank. Curiously, it took two weeks to have the deliberations of…
IMF recommendations tricky
THE International Monetary Fund (IMF) told the Zimbabwean authorities that reserve money targeting was the only feasible monetary policy tool immediately…
Gold output and the US$4bn target
The contribution of gold to the Zimbabwe’s export earnings and economy can never be over-emphasised. The yellow metal has been a consistent performer on the…
A look into Zim’s trade performance
ZIMBABWE’S net trade position reverted to negative in February 2020 after four straight months of positive performance. At -US$91 million, February’s net…
