Foreign Exchange - The Southern Eye

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NEWS & CURRENT AFFAIRS

Topic : Foreign Exchange

Implications of Zim’s currency surrender policy

By forcing exporters to give up a larger share of their foreign currency earnings, RBZ risks discouraging exports.

By Raymond Tendai Rusinga Feb. 11, 2025

Implications of Zim’s currency surrender policy

Old wine in new bottles

The ZiG was launched on April 5, 2024, with the government claiming to back it with reserves amounting to a substantial sum of up to US$285 million.

By Equity Axis May. 17, 2024

Forex traders still in the game

He said the demand for the US dollar had since gone up after the arrest of their colleagues.

By Kenneth Nyangani Apr. 29, 2024

No joy for Beitbridge forex dealers

The accused are Phillip Parishi, Lovemore Chivambe, Justice Machisane, Martin Chikuni, Tatenda Muzadzi and Alfred Muchena who are accused of flouting the Foreign Exchange Act.

By Rex Mphisa Apr. 27, 2024

China’s economy is mired in Xi’s slogans while a slowdown takes hold

There is little doubt that current Chinese economic recovery trends have dented investor confidence.

By Paul Antonopoulos Mar. 25, 2024

China’s economy is mired in Xi’s slogans while a slowdown takes hold

Tough times ahead, research firm warns

The agriculture sector is projected to contract by -4,9% this year due to the anticipated normal to below-normal rainfall pattern. The mining sector is projected to grow by 7,6%.

By Melody Chikono  Feb. 27, 2024

A review of the 2024 National Budget

The foreign exchange rate as at November 30 stood at US$1:5 791,08.

By Prosper Chitambara Dec. 8, 2023

Telcos hikes Zimdollar tariffs. . . as inflation erodes their margins

Econet Wireless, the largest mobile network operator, reviewed its Zimdollar tariffs this week. Last week, State-owned mobile operator NetOne also reviewed its local currency tariffs upwards.

By Staff Reporter Jun. 22, 2023