The Confederation of Zimbabwe Retailers (CZR) has raised alarm over the rejection of bond coins, ZWL$2 and ZWL$5 notes saying it goes against nation building efforts. In a statement CZR president, Denford Mutashu said, “The Confederation of Zimbabwe Retailers (CZR) has noted with serious concern the
Social movement Tajamuka/ Sesijikile has urged Zimbabweans to reject the use of Bond notes on the market as they have lost value due to rising prices of basic commodities.
The decision by government to pay civil servants a Covid-19 allowance in American dollars (USD) has sparked debate over whether to consolidate the local currency or return to dollarization, just 12 months after the country re-introduced its domestic currency. Certainly, the local currency (ZWL) got on
The Reserve Bank of Zimbabwe (RBZ) has issued new $ 10 and $ 20 notes which are set to start circulation next week Tuesday and first week of June, respectively, as authorities step up efforts to ease cash challenges in the economy. In a statement released
Opposition MDC Vice President Tendai Biti has called on the government to restore the US dollar use in the country saying the Zimbabwean dollar has all worsened the country's economic situation. This follows the recent introduction of the Zimbabwean dollar to replace the multi-currency system introduced
The Zimbabwe Republic Police (ZRP) has warned traders and individuals who are still trading in the United States dollars to desist from the doing so as they risk being jailed. In a statement, national police spokesperson Assistant Commissioner Paul Nyathi said those caught on the wrong
Zimbabwe gazetted two legal instruments, The Exchange Control Regulations (Amendment) of 2019 (SI 32) and the Presidential Powers (Temporary Measures) for (Amendment) of the RBZ Act and RTGS Electronic Dollars Regulations of 2019 (SI 33) which meant that the RTGS dollar shall be legal tender
From Leonard Zhakata's "Mugove," in the 90s to Winky D's "Disappear," musicians who released their albums in the last quarter of the year have always eyed the festive season, a time when people are in celebratory mode. With the festive season now a few weeks if
Movement for Democratic Change President Nelson Chamisa has called for the removal of bond notes, a move he said is important in restoring confidence in the economy. Newly appointed Finance and Economic Development minister Professor Mthuli Ncube recently said bond notes were still a legal tender
The government has described local bond note printing allegations as ‘rubbish' amid fears that the central bank out of desperation has switched on the printing machine in a bid to overcome the stubborn cash crisis that remain unabated with prices of commodities continue to
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