Credit creation by banks fuels Zimdollar rout
While the last quarter of the year is still ongoing, these increases could explain the rapid depreciation of the Zimbabwe dollar which has reached a new low of US$1:ZWL$12 000.
By Tatira Zwinoira
Dec. 28, 2023
2023 a year of extreme exchange rate volatility
Realising that there was no way to implement the value for money programme as contractors kept on forward pricing, Treasury introduced a slew of new taxes, levies, and fees by the end of last month.
By Tafadzwa Mhlanga
Dec. 21, 2023
Price monitoring think tank hints on ZW$500 000 note
On the official market, Zimbabwe’s haemorrhaging currency has so far depreciated by more than 70%, hitting consumer purchasing power.
By Tatira Zwinoira
Oct. 20, 2023
Forex trade rises marginally
The current year weekly average has since decreased to US$30 million weighed by the 2nd half performance.
By The Independent
Oct. 14, 2022
