Towards exchange rate stability
MEASURES introduced by the Reserve Bank of Zimbabwe (RBZ) just over a month ago to stymie a precipitous Zimbabwe dollar exchange rate volatility have yielded positive results thus far, economic… Read more »
Category: Finance
Zimbabwe Finance Minister Sees Protracted Mobile-Money Dispute
Zimbabwean Finance Minister Mthuli Ncube doesn’t see a quick resolution to the country’s battle with its most successful company. Econet Wireless Zimbabwe Ltd. has been the company hardest hit by… Read more »
Foreign currency auction system stabilises prices
Prices of most commodities have started to stabilise three weeks into the foreign currency auction system with Government confirming an improved availability of products on the market. The Reserve Bank… Read more »
Zim dollar eases by 6, 4 percent
THE official exchange rate between the Zimbabwe dollar and US dollar moved to US$1:ZWL$76.76 after Tuesday’s auction that saw US$14,3 million being allotted. The weekly foreign currency auction, the sixth… Read more »
DBSA says loans this year likely to exceed $818mn target
The Development Bank of Southern Africa expects to lend as much as R16 billion ($970 million) this year, even as some clients put off infrastructure spending amid the fallout from… Read more »
USD-indexed tariff adjustments, a timely boost for Telecos
Telecommunication companies operating in the country must have breathed a heavy sigh of relief last week after regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) allowed them to charge… Read more »
Civil servants struggle to use US$75 allowances
CIVIL servants are facing challenges utilising US$75 deposited into their accounts by Government as a flat non-taxable Covid-19 monthly allowance. Chronicle understands that those who received their allowances have been… Read more »
Slump in commodity prices to choke forex inflows
ZIMBABWE’S foreign currency inflows face a major and serious threat from weaker agricultural commodity prices, especially for tobacco exports, due to the negative impact of the Covid-19 global pandemic. A… Read more »
Banks rush to make US-dollar cards
BANKS are making frantic efforts to process electronic bank cards required by over 300 000 civil servants and Government pensioners to spend their US dollar-denominated allowances in shops. Government last… Read more »
Forex auction rate eases to $76.76
The exchange rate between the Zimbabwe dollar and US dollar eased to $76.7596 following yesterday’s auction which saw US$14.3 million allotted with almost all successful bids in the very narrow… Read more »