On Monday the country woke up to a tweet by the former finance minister Hon. Tendai Biti that the Central Bank is to introduce a new currency. Despondency is the word that can describe the feeling that tweet brought on the microblogging site. In all
There is no doubt that the unresolved currency issue lies at the heart of Zimbabwe’s economic meltdown in the past 3 years and the price distortions in the local market. The origins of the currency crisis can be traced back to August 2015 when Treasury
Minister of Health and Child Care, Dr Obadiah Moyo has called on retailers and wholesalers in the medical field to normalise the ongoing shortages of drugs by accepting bond notes and RTGS payment. By Lisa Tazviinga The health sector is currently battling to stay afloat due to
The government's proposed fiscal reforms announced on Monday will likely face resistance from opposition legislators in parliament with Harare East lawmaker, Tendai Biti threatening to block their adoption into law. Biti said they will be waiting in parliament to block Finance Minister Professor Mthuli Ncube's tax
"The scheme which was adjusted to 12.5% for tobacco growers starting this year shall be tweaked to 10% for horticulture, cotton, macadamia and gold producers
Due to the serious cash shortages prevailing in Zimbabwe, RTGS has become the most suitable choice of transferring money across banks.
Reserve Bank Of Zimbabwe Governor, Dr John Mangudya says contrary to public opinion, Zimbabwe has no liquidity crisis as there are enough Real Time Gross Settlements (RTGS), which are a true measure of a functioning economy. Mangudya who was speaking at a handover ceremony of the
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