zimbabwe cash shortages

Finance minister Patrick Chinamasa has said shortages of cash reflect the mismatch of US dollars in bank accounts and physical cash in the economy.
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The Government has gazetted regulations that criminalise cash vending without permission from the exchange control authority and empowered police to arrest money peddlers and seize whatever currency involved.
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Unscrupulous bank officials in Mutare are allegedly smuggling cash to illegal forex dealers who are in turn re-trading the notes at a premium.
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By Africa Moyo Employers in Zimbabwe are considering docking salaries for workers who squander productive time on cash queues but labour unions say they are prepared to fight such an “injustice” to the hilt. Cash shortages began in March…
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Cash shortages in Zimbabwe are worsening as the introduction of bond notes, which is set for November, to stem the problem becomes imminent.
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By Livingstone Marufu The Reserve Bank of Zimbabwe has imported US$240 million in cash since March as it moves to address the cash shortages plaguing the local market. However, it is understood that the market needs more than…
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Veteran industrialist Anthony Mandiwanza says Zimbabwe must adopt the South African rand as its official currency to help ease the current cash crisis and improve the manufacturing sector’s competitiveness.
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By Welshman Ncube I regularly drive myself between four Zimbabwean cities – Harare, Gweru, Mutare and Bulawayo. Such errands are not just about my legal practice. If you are a serious leader of a national political party, you need to…
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Finance minister, Patrick Chinamasa, has dismissed calls for Zimbabwe to adopt the South African rand as its sole official currency so as to curb the current cash crisis.
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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…
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