Zwl - The Southern Eye

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NEWS & CURRENT AFFAIRS

Topic : Zwl

Village Rhapsody: Why Zimbabwe is struggling to fix its currency conundrum

The government's failure to manage the black market further exacerbates the ongoing crisis, and it appears Zimbabwe’s currency troubles are far from over.

By Gary Gerald Mtombeni Oct. 6, 2024

Village Rhapsody: Why Zimbabwe is struggling to fix its currency conundrum

Zim's currency code changes to ZWG

The central bank encouraged all banking sector players to therefore make necessary arrangements to facilitate a smooth transition to the new currency code.

By Mthandazo Nyoni Jun. 26, 2024

New ZiG currency on a free flow: Here is what we know

The ZiG is now Zimbabwe’s legal tender for all public and private debts and is part of a multi-currency basket that includes the US dollar (USD) and South African rand, among others.

By Zvikomborero Sibanda May. 10, 2024

New ZiG currency on a free flow: Here is what we know

Currency functionality: ZiG as a medium of exchange in fuel

The new currency was introduced at a rate of ZiG13.56 per US$1.

By Tinashe Duma Apr. 19, 2024

Currency functionality: ZiG as a medium of exchange in fuel

Dump RBZ monetary policies: IMF

The IMF was also in Zimbabwe to conclude Article IV consultations, a mechanism in which the fund advises its members on economic policies.

By Tatira Zwinoira Feb. 15, 2024

Economy edges towards full dollarisation

The Zimdollar has been depreciating sharply against major currencies on low confidence. The depreciation has pushed up the prices of basic commodities.

By Priveledge Gumbodete and Harriet Chikandiwa Feb. 9, 2024

Economy edges towards full dollarisation

Delta ponders US$ financial reporting

According to official numbers, the majority of transactions in the country are now concluded in foreign currency.

By Rufaro Hozheri Nov. 17, 2023

Policy uncertainties haunt Zim

Even the government itself is now tired and is dumping the unstable ZWL. For instance, passports issued by the Registrar’s Office are charged exclusively in USD.

By Zvikomborero Sibanda Oct. 27, 2023

2024 budget strategy paper: Zim’s future looks bleak

Also, the Treasury promised to follow a prudent approach to fiscal management (cash budgeting, raising additional tax revenue, containing spending and efficient resource use) in 2024.

By Zvikomborero Sibanda Sep. 22, 2023