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Zimbabwe: Treasury Orders Govt Departments to Accept Rand, Other Currencies
Zimbabwe Independent, 14 June 2016
THE government has ordered its departments and state owned companies to start accepting rand and other currencies, as part of desperate efforts to lessen dependence on the… Read more »
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.
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
InFocus
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Some people are saying it would ease the liquidity challenges, while others are afraid to go back the hyper-inflation era. Read more »
