exchange rate

Production at listed multi-asset mining concern, RioZim, was affected by exchange rate distortions during the year ended December 31, 2021.
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The Zimbabwe Stock Exchange (ZSE) has given listed firms until April 30 to submit financial statements for the year ended December 31, 2021 after being overwhelmed with requests for extensions. Under the bourse’s listing rules, counters…
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Government yesterday gazetted new regulations that criminalise the conduct of charging above the official exchange rate and refusing to take the Zimdollar in local transactions.
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The Zimbabwe dollar eased 8,5 Zimbabwean cents at yesterday’s auction to $84,4827 on the weighted average with once again all valid bids being in the $82 to $87 range and all being allotted.
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Consultations are under way following Government’s decision to suspend trading on the Zimbabwe Stock Exchange (ZSE) amid concerns the bourse was being abused by some players to manipulate the exchange rate.
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The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has frozen a bank account belonging to a Chinese company after it was identified in a network of foreign currency dealers manipulating the exchange rate.
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The bond note continues to suffer heavy battering against the greenback on the parallel market, with its exchange rate touching new lows.
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A man went into a supermarket to buy his lunch. His bill came to $4.85, and he handed over a $5 note. There was no change so he had to either pick three sweets or three packs of condoms instead.
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HARARE- Zimbabwe's state-owned cellphone operator, NetOne, has hauled central bank governor Gideon Gono to court, demanding that he pays more than $800000 in outstanding bills. NetOne is demanding payment of $805996.26 - which the company…
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