Zimbabwe Urged to Switch to Rand Amid Cash Crisis

Bankers and industry have reportedly endorsed the adoption of the South African rand as the major currency.



South African rands - bank notes and coins.

  • Zimbabwe:   Economy - Landlords Feel the Pinch

    Zimbabwe Standard, 3 July 2016

    Property owners in low-density suburbs no longer enjoy the luxury of choosing tenants and setting conditions as the economic hardships drive lodgers to cheaper areas. Read more »

  • Zimbabwe:   'The Rand Will Give Temporary Relief'

    Zimbabwe Standard, 12 June 2016

    The use of the South African rand for transactional purposes can make the local industry competitive in the short term, but will not take the economy beyond the horizon,… Read more »

  • Zimbabwe:   Chinamasa - Govt Departments At Forefront of Rand Rejection

    New Zimbabwe, 11 June 2016

    FINANCE minister Patrick Chinamasa says he is surprised that government departments are also refusing to accept the South African Rand, adding measures would soon be taken to… Read more »

  • Zimbabwe:   'Shift to Rand Inevitable'

    The Herald, 9 June 2016

    A shift towards the rand is inevitable as dollars imported to facilitate transacting do not stay within the country, FBC Holdings chairman Herbert Nkala said at the launch of the… Read more »

  • Zimbabwe:   UK Says Ready to Support Zimbabwe

    New Zimbabwe, 10 June 2016

    BRITAIN says President Robert Mugabe should fast track the Zimbabwe-European Union bridge-building process initiated a few years back so that the current cash shortages and… Read more »

  • Zimbabwe:   'Let's Adopt the Rand'

    The Herald, 7 June 2016

    BANKERS and industry have recommended the adoption of the South African rand as the major transacting currency to reduce concentration of risk associated with heavy reliance on the… Read more »

  • Zimbabwe:   Cash Crisis to Trigger Unrest, Opposition Warns

    New Zimbabwe, 7 June 2016

    THE opposition MDC-T has warned of possible civil unrest could in the country due to the current cash crisis which is also causing artificial shortages of basic goods and… Read more »

  • Zimbabwe:   Zimbabwe Tries to Revive Local Interest in the Rand

    Financial Gazette, 2 June 2016

    ZIMBABWE's central bank governor is a man under pressure. John Mangudya is dominating the headlines in the country right now as he grapples with a serious currency crisis and cash… Read more »

  • Zimbabwe:   Time to Take Cash Crisis Head On

    The Herald, 3 June 2016

    Mr Speaker Sir, events of the past few weeks have dampened spirits, but make no mistake about it, this does not mean we are in recession already; it is a cash crisis that can be… Read more »

  • Zimbabwe:   Embrace Bond Notes, Says VP Mnangagwa

    The Herald, 3 June 2016

    Vice President Emmerson Mnangagwa has urged Zimbabweans to embrace the bond notes set to be introduced into the economy by October. Read more »

  • Zimbabwe:   Reserve Bank Says Multi-Currency System Dead

    New Zimbabwe, 31 May 2016

    Reserve Bank of Zimbabwe (RBZ) on Tuesday conceded that the multi-currency systema dopted in 2009 was effectively dysfunctional with the economy trading solely on the United States… Read more »

  • Zimbabwe:   Zimbabwe Imports Seen Falling As South African Rand Appreciates

    New Zimbabwe, 24 May 2016

    Imports into Zimbabwe will drop three percent this year as regional currencies recover against the US dollar, helping Zimbabwe begin to narrow its current account deficit, an… Read more »

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