Ashok Chakravarti

President Emmerson Mnangagwa’s administration is set to institute a currency board with the aim of backing all units of domestic currency in circulation with foreign currency and reduce the skyrocketing inflation in Zimbabwe. Ashok…
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By Ndakaziva Majaka Zimbabwe needs about $600 million in cash to achieve optimal liquidity ratios, a central bank official said. Reserve Bank of Zimbabwe (RBZ) deputy governor Kupukile Mlambo last week said while the central bank was…
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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 Guthrie Munyuki As the debate continues to rage about the extensive use of the United States dollar in the country, the chief executive of Zimbabwe’s biggest financial services group CBZ Holdings — Never Nyemudzo — says the coveted…
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By John Kachembere President Robert Mugabe unwittingly confirmed Zimbabwe’s worsening rot — which is widely blamed on him and his misfiring government — when he revealed during his annual birthday interview with the ZBC last week that…
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Bond notes, which were introduced by the Reserve Bank of Zimbabwe (RBZ) in November to fund export incentives meant to boost domestic production, have so far defied predictions of creating a catastrophic currency black market. In…
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By Shame Makoshori A staggering US$358 million in cash has been spirited out of the banking system by depositors in the past five years, a leading economist said recently, quoting data from the Reserve Bank of Zimbabwe (RBZ).…
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