Banks strengthen stability as US dollar inflows surge
Foreign currency deposits surging 13% to US$2,64 billion in October 2024 compared to the same period last year
By Mthandazo Nyoni
1h ago
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Treasury defends punitive taxes
He said a government intervention could help in that regard.
By Blessed Ndlovu
Dec. 8, 2024
Global struggle against money laundering, terrorism financing
This is because the international community has witnessed the use of increasingly sophisticated methods to move illicit funds through financial systems across the globe.
By Tatira Zwinoira
Dec. 6, 2024
RBZ keeps rates steady
After the ZiG currency had its biggest single-day drop in September to US$1:ZiG24,39 from a prior-day comparative of US$1:ZiG13,99, the market has become volatile.
By Tafadzwa Mhlanga
Dec. 5, 2024
2025 budget: All eyes on Mthuli
In September, the Reserve Bank of Zimbabwe devalued the ZiG to US$1:ZiG24,39 from the prior day’s exchange rate of 1: 13,99.
By Harriet Chikandiwa and Julia Ndlela
Nov. 28, 2024
Tourism players tipped on exchange control regulations
Foreign currency retention thresholds remain standardised at 75% across all sectors except for small-scale gold producers.
By Julia Ndlela
Nov. 24, 2024
RBZ bemoans lack of confidence in ZiG
This comes despite the currency firming against the dollar, trading at ZiG25,4834 per dollar on the interbank market yesterday from ZiG28,6829 on November 1.
By Melody Chikono
Nov. 13, 2024
Panic not inflation is under control: RBZ
However, the RBZ remains confident that stabilising gold prices, coupled with the country’s rich human capital and natural resources, will help restore economic balance.
By Blessed Ndlovu
Nov. 8, 2024
Lack of disclosure hurts ZiG, says top banker
Zimbabwe’s government has faced persistent challenges in stabilising its currency since 2009, with repeated attempts failing largely due to public mistrust.
By Tafadzwa Mhlanga and Freeman Makopa
Nov. 8, 2024
Plot to keep Mnangagwa in power beyond 2028 thickens
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By Tinashe Kairiza and Julia Ndlela
Dec. 6, 2024