-
Zimbabwe: Jail Term for Illegal Forex Dealers Gazetted
The Herald, 5 October 2019
Trading in any currency, which is not the Zimbabwe dollar, now attracts a fixed $6 000 fine and failure to pay the fine will result in the person involved being jailed. Read more »
Zimbabwe Turns to Regulations in Bid to Stem Currency Plunge
In Zimbabwe, trading in any currency which is not the Zimbabwe dollar now attracts a fixed $6 000 fine and failure to pay the fine will result in the person involved being jailed. The government has clamped down on mobile money, tightened controls on foreign-exchange bureaux and dealers and banned the quoting of prices in any currency other than its own dollar as it struggles to manage a monetary system that's spiraling out of control.
-
Zimbabwe: Central Bank Gives Greenlight to Salaries in Forex
New Zimbabwe, 6 October 2019
The Reserve Bank of Zimbabwe (RBZ) has allowed companies to pay their workers in foreign currency but the employees will not be able to with draw cash from their NOSTRO accounts. Read more »
-
Zimbabwe: Top Banker Upbeat Amid Turbulence
Zimbabwe Standard, 1 October 2019
Zimbabwe's currency reforms that began in February have pushed up inflation to record levels. Read more »
-
Zimbabwe: Police Nab 15 Forex Dealers
The Herald, 28 June 2019
The Zimbabwe Republic Police (ZRP) has arrested 15 illegal foreign currency dealers in Harare during an ongoing operation they launched this week. Read more »
-
Zimbabwe: Bring to Book Rogue Forex Dealers
The Herald, 19 July 2019
REPORTS that some police officers mandated to eliminate crime are at the forefront of illegal foreign currency trading in Harare, are disturbing. Read more »
InFocus
-
Annual inflation in Zimbabwe was 300% in August, according to new data released by the IMF. At that level, the troubled southern African country's inflation rate is the highest in ... Read more »
-
Labour groups representing the doctors have rejected the government's offer of a 60% salary increase as the increase would be paid in Zimbabwe's devalued currency and not the U.S. ... Read more »
-
The inflation-ravaged dollar has been collapsing against the greenback since it was declared the sole legal tender in June, as confidence in the local currency hits rock bottom. ... Read more »
