Usd - The Zimbabwe Independent

Topic : Usd

Restructuring costs pull CBZH’s net earnings

We are cognisant of additional lines of credit and the Targeted Finance Facility but the stringent terms and depressed aggregate demand in the economy will limit uptake in 2025.

By Morgan & Co Apr. 4, 2025

Restructuring costs pull CBZH’s net earnings

Outcry over Marondera council cycle tax

In a notice dated March 11, the Municipality of Marondera ordered all bicycle owners to pay the tax or face the consequences, which include a fine.

By Jairos Saunyama Mar. 13, 2025

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Unpacking MPS: Key insights, implications

Beyond these specific uses, the preference for USD among economic players remains prevalent, as highlighted by the statistics above.

By Kudakwashe Taimo Feb. 14, 2025

Unpacking MPS: Key insights, implications

The S&P 500 Index in 2025: An analysis for Zimbabwean Investors

The ZiG’s volatility against the USD can affect returns when converting profits back to local currency.

By Isaac Jonas Feb. 2, 2025

The S&P 500 Index in 2025: An analysis for Zimbabwean Investors

The Markets Mirror: Unpacking the forex market: A comprehensive guide for Zim investors

Forex trading is essentially the buying of one currency while simultaneously selling another, aiming to profit from changes in their relative values.

By Isaac Jonas Jan. 19, 2025

The Markets Mirror: Unpacking the forex market: A comprehensive guide for Zim investors

Is there trouble in paradise: Case of OK Zim?

In 2023, OK Zimbabwe highlighted how the volatile financial environment, exchange rate fluctuations, and electricity shortages had a corrosive effect on its revenues and operations.

By Blessing Nyatanga Jan. 17, 2025

Is there trouble in paradise: Case of OK Zim?

The tale of Zim's 'torn' money buying brigade

Extremely worn out United States dollars (USD) are also rejected. For the money-buying brigade, damaged banknotes represent a business opportunity.

By Ophar Mavuri Nov. 27, 2024

The tale of Zim's 'torn' money buying brigade

Why Zig-arising diaspora remittances will not work

Diaspora remittances were only US$294 million when the country dollarised in 2009 and have been growing at a compound annual growth rate of 14% over those 14 years.

By Rufaro Hozheri Aug. 30, 2024

Why Zig-arising diaspora remittances will not work

Forex deposits reach 80% amidst ZiG struggles

According to the 2024 mid-term budget review, total banking sector deposits amounted to ZiG42,1 billion and foreign currency deposits accounted for about 80% of the total deposits.

By Mthandazo Nyoni Jul. 28, 2024