cash crisis

President Emmerson Mnangagwa this week all but admitted that his government has no solution to the cash crisis, pleading with business to boost productivity to generate the much-needed liquidity.
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Bankers yesterday broke their silence over the country’s worsening cash shortages — confirming in the process that even bond notes are disappearing from the formal market, amid concerns that the surrogate currency is now being traded in…
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The worsening liquidity crisis is costing the formal sector at least US$40 million on a monthly basis, which means that a cumulative US$500 million would have been lost by the end of the year, as employees spend long working hours queuing…
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By Nyasha Chingono Coins used to be for the piggy banks used by kids to save money given by their parents for break-time snacks at school. The adults normally kept a few of them when they got them from the grocery store as change.…
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By Ndakaziva Majaka Zimbabwe’s severe cash crisis is worsening, forcing banks to reduce further their daily withdrawal limits — in addition to suspending dispensing money through Automated Teller Machines (ATMs). This prompted…
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By John Kachembere and Ndakaziva Majaka Despite the shrill official propaganda to the contrary, Zimbabwe's economy is continuing on its steep decline — with the latest manifestation of this implosion being the alarming disappearance of…
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By Dr. James Madzimure Every day as I wake up, I am greeted by voices of Zimbabweans who are full of fear that the country might be going back to 2008 era. Their number one fear is whether they will get cash from the bank to be able to…
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By Pamela Keletso | Groundup | “No bank card‚ no fun‚” says Harare sex worker Primrose *‚ taunting a male client who says he has no cash at the end of the month. Zimbabwe´s sex workers have found a solution to the country´s cash…
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Banks and ATMs were, for the second day running, overwhelmed  by long queues of cash-starved depositors who scrambled to withdraw newly-introduced bond notes. Long winding queues were witnessed at bank branches across the capital…
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Zimbabwe has launched its own money for the first time since the country's dollar was abandoned seven years ago amid rampant inflation. The bond note, which is worth one US dollar - the country's main currency since 2009 - is raising fears…
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