Browsing Tag

South African rand

‘Rands, dollars can’t save Zim’

As the national debate about the benefits of Zimbabwe adopting the South African rand as its anchor currency continues to rage, former Finance minister Tendai Biti says the discourse is “futile” — as the country’s deepening economic rot…

Mugabe wants rand as currency

By Tawanda Karombo | IOL | President Robert Mugabe has hinted that he would prefer the adoption of the rand in Zimbabwe despite the reluctance to adopt the currency from his government. Mugabe, who turned 93 on Tuesday, said in a televised…

Govt rules out rand adoption

By Zvamaida Murwira Government will not adopt the South African rand, nor will it reintroduce the Zimbabwe dollar until macro-economic fundamentals are addressed, legislators heard yesterday. Finance and Economic Development Minister…

Banks start rand, yuan withdrawals

By Kuda Bwititi Banks will start issuing the South African rand and seven other currencies on July 1, 2016 and will process Real Time Gross Settlements using that regime from tomorrow (Monday). Other currencies are the Chinese yuan, euro,…