Zimbabwe Dollar

By Ed Stoddard Zimbabwe last week made its interim currency, the RTGS dollar, the country’s sole legal tender, drawing the curtains on a decade of United States dollar dominance. Harare was forced to abandon its own dollar in 2009 and…
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Zimbabweans will be allowed to withdraw up to 1,000 U.S. dollars in cash a day from foreign currency accounts, Finance Minister Mthuli Ncube said on Monday, as the country prepares to relaunch its own currency after a decade of…
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Zimbabwe’s central bank governor John Mangudya said on Monday the southern African nation will initially print 400 million Zimbabwe dollars, which will be gradually introduced in circulation to fill gap left by end of dollarisation.
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Zimbabwe’s central bank governor John Mangudya said on Monday individuals and companies hold $1.3 billion in foreign currency accounts after the Finance Minister announced that individuals will be allowed to withdraw cash U.S. dollars from…
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By Golden Sibanda The Reserve Bank of Zimbabwe (RBZ) has scrapped the US$10 000 daily trading limit for bureaux de change and the 2,5 percent maximum profit margin for banks to make the interbank forex market more efficient and bolster…
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Zimbabwe made its interim currency the country’s sole legal tender on Monday, ending a decade of dollarisation and taking a another step towards relaunching the Zimbabwean dollar.
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Zimbabwe must have a new currency by the end of the year, President Emmerson Mnangagwa said on Friday, arguing this would help stabilise prices after inflation hit a 10-year high.
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The Minister of Finance and Economic Development, Professor Mthuli Ncube, has announced that Zimbabwe will have a “new fully-fledged currency” within the next 12 months as Government moves to tackle distortions emanating from the disparity…
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Eddie Cross: "When he first came into office (Mthuli Ncube) I warned him that when he walked into his office, that a bucket full of nasty stuff would fall on his head. It was no understatement. He found that the Reserve Bank was in a…
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Zimbabwe will introduce a new currency in the next 12 months, the country’s Finance Minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.
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