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Forex directive triggers RBZ action

Higher levels of money supply ignite inflation surges.

Zimdollar in spectacular crash

Zimbabwe's economy is struggling to emerge from decades of decline and bouts of financial chaos that charactersised the latter half of the late former leader, Robert Mugabe’s reign.
By Tatira Zwinoira 12h ago

Uneconomical tariffs, exchange losses weigh down Econent

With these funds, EHZL will use this to facilitate the redemption of its remaining debentures that matured that in April.
By Tatira Zwinoira 12h ago

Editor’s Memo: Leaders groping in dark for solutions

Why do our leaders seem to struggle for solutions to problems they have experienced before? They come across as poor students of history.
By Alfonce Mbizwo 12h ago

Just dump Zimdollar: Analysts

They instead advised Ncube to dump the local currency and redollarise because everyone in the country is more comfortable using United States dollar (US$).
By Tatenda Manyinyire Jun. 1, 2023

Low tariffs chew into Econet earnings

While the local currency took a battering, EWZ was unable to raise tariffs, its main source of revenue, in line with the depreciation leading to massive exchange losses for the firm.
By Tatira Zwinoira Jun. 1, 2023

Treasury further tightens screws on money supply

Ncube’s latest measure means Treasury will now fund the 25% liquidated portion of forex to the RBZ and keep the forex proceeds itself.
By Tatira Zwinoira May. 31, 2023

Retailers in high stakes game

This week’s jump in demand is even higher than the May 2022 jump, which came in at 88%, just as the rate depreciated by 33% in that respective season.
By Respect Gwenzi May. 26, 2023

Zimdollar in record crash...as calls for US$ salaries grow louder

The currency’s collapse has led to calls by opposition figures to pay salaries exclusively in US dollars, saying that the local unit is no longer holding value.
By Mirriam Mangwaya and Emmah Nhancumba May. 25, 2023