zimbabwe economic crisis

Zimbabwe's real gross domestic product is expected to grow 4.8 percent in 2023, supported by strong performance in mining as well as the beneficial impact of structural reforms in the agriculture and energy sectors, the International…
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Opposition Citizens Coalition for Change (CCC) leader Nelson Chamisa claims that the demise of Zimbabwe’s economy is "close" following reports that banks have stopped giving United States dollar loans.
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By Eddie Cross In the past 4 months patient Zimbabweans have again been subjected to the collapse of our own currency. Our currency history has been a roller coaster. When I left school in 1957, our local currency was called a “pound”…
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Former Finance Minister Tendai Biti has slammed the treasury for instituting unsustainable "command economics" when the economy has already "entered a third cycle of hyperinflation".
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By Eddie Cross These past two weeks we have seen the local currency crash, panic over the real value of our USD accounts with the banks and retail prices changing so fast the supermarkets could not keep up and simply started to price…
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Commuter omnibus operators in Bulawayo are rejecting payment of fares in local currency, opting for either United States dollars or South African Rand instead.
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Steve Hanke, a Professor of Applied Economics at The Johns Hopkins University in Baltimore, USA, has predicted a catastrophic downfall of the Zimbabwean economy describing its trajectory as "heading towards economic armageddon."
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Former Finance Minister Tendai Biti has castigated the Zanu-PF regime for failing to manage the crumbling economy in Zimbabwe while focussing on "propaganda or hijacked liberation narratives." "The thing about the economy is that it has no…
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Prominent economic analyst Tinashe Murapata says the nostro system in Zimbabwe is facing threats from what he described as "barbarians at the gate" and "civil servants salaries".
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The Reserve Bank of Zimbabwe has increased its main lending rate to 150%, undoing a rate cut made in March, as it faces challenges with the currency crisis. The bank’s monetary policy committee (MPC) said on Tuesday that the foreign…
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