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united states dollar

Company challenges USD-Zimdollar ruling

The legal validity of a Supreme Court judgment which converted United States dollar debts to the Zimdollar at a rate of 1:1 in line with Statutory Instrument 33 of 2019, must be tested by a nine-judge panel of the Constitutional Court,…
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US$-RTGS court ruling challenged

NR Barber, a mining firm, is seeking the Constitutional Court (Concourt)’s permission to challenge last month’s Supreme Court ruling which converted United States dollar debts to the Zimdollar at a rate of 1:1 in line with Statutory…
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Zimdollar falls 42% in a month

The Zimdollar (ZWL$) has devalued by 41,57% to $9,16 against the United States dollar on the official interbank market due to low forex and market confidence, a month after it was reintroduced, analysts have said.
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EcoSure US$ packages unveiled

Cassava Smartech Zimbabwe’s EcoSure has unveiled United States dollar denominated packages that will give Zimbabweans the opportunity to get insurance cover without worrying about the challenges of value erosion on their policies.
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Dump bond notes, RTGS: Hanke

Zimbabwe should dump its discredited bond notes and real time gross settlement (RTGS) system and re-introduce the United States dollar as a way of solving the country’s fragile currency situation and reduce inflation, economist Steve Hanke…
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US$ speculation drives property prices up

United States (US) dollar exchange rate speculation has significantly driven up property prices in Zimbabwe’s capital, Harare, as buyers move to hedge against the volatile bond notes, a latest Knight Frank Zimbabwe (KFZ) report has…
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RBZ imposes cash withdrawal limits

HARARE - Reserve Bank of Zimbabwe governor Gideon Gono has imposed daily cash withdrawal limits of $10 000 on individual transactions. The announcement by the central bank comes on the back of a liquidity crunch.
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