“You would have noticed that from January 2024, the central bank has allowed the exchange rate to be determined by market forces. And we have been watching because that is what you (businesses) have asked for in the past, and we say there you have it, the rate is floating,” he said...
The Reserve Bank of Zimbabwe (RBZ) has revised its 2024 economic growth forecast down to 2%, citing the severe drought's impact on economic activity. This is a sharp decline from earlier estimates, including a 3.5% forecast in April and a 5.3% forecast in November 2023. The drought has al...
In July last year, gold coins were introduced as part of several policy measures to ease demand for the greenback, stabilise the Zimbabwe dollar exchange rate and tame resurgent inflation. But the gold coins have done little to save the local currency that is trading at $1 to $2 100 on t...
Yearly inflation rates have since fallen from a high of 837 % to the current 194 % as at April 30, 2021 amid the slowdown of the Zimbabwe dollar depreciation on both the parallel and official exchange rate markets. Several listed companies and banks have since acknowledged the platform’s imp...