USD COVID-19 Allowance Will Be In The Form An Electronic Card’

The US$75.00 and US$30.00 COVID-19 allowances awarded by the government to civil servants and government pensioners, respectively, will not be in notes form but will be...

RBZ abandons the fixed-rate system

The Reserve Bank of Zimbabwe (RBZ) has abandoned the fixed-rate system and said it would allow...

Holders of Foreign Currency Accounts with Zimbabwean banks are worried about losing money

As the central bank kicks in new regulations...

Zimbabwe: Fresh produce markets need clear COVID exit strategy

The forced closure of fresh produce markets throughout Zimbabwe has left thousands of smallholder farmers in...

RBZ abandons fixed forex exchange system

THE Reserve Bank of Zimbabwe (RBZ), which was using the fixed exchange rate of US$1:$25, says...

Black market rates run amok in Zimbabwe as price of basic commodities surges

HARARE (Xinhua) -- Black market rates have surged in recent weeks resulting in concurrent hikes in...

Fuel price review effective 5 June 2020

Fuel price review effective 5 June 2020...

Zimbabwe raises $20 million in T-bill sales to fight coronavirus

HARARE (Reuters) - Zimbabwe has raised 500 million Zimbabwe dollars ($20 million) in treasury bill auctions...

Zimbabwe government views Covid-19 crisis as an opportunity to loot new donor funds

Because of state capture, it would be a grave mistake for any entity to lend money...

Innscor slapped with record $40.6 mln penalty for Profeeds acquisition

HARARE – In a move, which could stifle the growth of small businesses and which is...

Zimbabwe’s inflation soars 756 percent in April

HARARE (Xinhua) -- Zimbabwe's annual inflation for April stood at 765.57 percent, gaining 89.18 percentage points...

Zimbabwe Price Bulletin, May 2020

The Famine Early Warning Systems Network (FEWS NET) monitors trends in staple food prices in countries...

Rift within ruling party dents president’s clout

Facing 500% inflation, infighting within the ruling party is hitting the country’s economy below the belt,...

RBZ will avoid Gedion Gono’s mistake by simply increasing cash supply: Cross

Monetary Policy Committee member, Eddie Cross has clarified Reserve Bank of Zimbabwe’s policy with respect to...

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