Currency Changes A Nightmare for Zimbabwe Banks?
Zimbabwe's banking sector is skating on thin ice as the financial sector begins to reform, with the country waiting for the introduction of a new Zimbabwe dollar note. Meanwhile, Finance Minister Mthuli Ncube ended the legal tender status of international currencies, reportedly saying that the government will introduce new notes soon.
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Zimbabwe:
Currency Changes Choke Banks
Zimbabwe Standard, 25 August 2019
ZIMBABWE'S banking sector is skating on thin ice due to a illiquidity crunch that has drastically reduced the financial institutions' capacity to lend following the reintroduction… Read more »
Bond notes.
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Zimbabwe:
Businesses Continue to Review Prices for Sustainability
263Chat, 26 August 2019
The finance minister Professor Mthuli Ncube is trying so hard to contain inflation by managing salary increments for the civil service on his left hand while at the same time, his… Read more »
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Zimbabwe:
Do Not Hike Fees Willy-Nilly, Says Minister
The Herald, 27 August 2019
GOVERNMENT has said schools must be reasonable in pegging fees, taking into account economic difficulties parents and guardians are facing. Read more »
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Zimbabwe:
Health Workers Reject 60% Salary Increase
263Chat, 26 August 2019
Health Workers have rejected the 60 percent salary increase that their employer, the government, has tabled arguing that the increment is too little to sustain their livelihood… Read more »
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Zimbabwe:
New Currency Not Priority - Ncube
The Herald, 22 August 2019
Finance and Economic Development Minister Professor Mthuli Ncube said on Tuesday Government was not in a hurry to issue new Zimbabwean dollar notes/coins, but rather focused on the… Read more »
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Zimbabwe:
Cassava Announces Free Remittances Via Sasai App
263Chat, 24 August 2019
Cassava Fintech, a wholly owned subsidiary of the Econet Group, yesterday announced that with effect from September 1, 2019, Zimbabweans sending money from the Diaspora will pay… Read more »
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Zimbabwe:
'Mono Currency to Spur Competitiveness'
The Herald, 2 August 2019
The return to mono-currency, through the Zimbabwe dollar as the sole legal tender, will spur the country's competitiveness on the export market, according to Foreign Affairs and… Read more »
InFocus
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"With effect from the 24th June, 2019, the British pound, United States dollar, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal ... Read more »
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Finance Minister Mthuli Ncube is under fire for torching the current economic tumult through his recent policy measures that have been unpopular with both business and locals. ... Read more »