The article focuses on the controversy going on between the Reserve Bank of Zimbabwe (RBZ) and the Zimbabwe Association of Tobacco Growers (ZATG). RBZ had earlier promised the farmers to offer a special exchange rate in the beginning of the selling season. But it failed to do so. The ...
Zimbabwe foreign exchange inflows reach $9.44 billion on diaspora remittancesDecember 5, 2023 In "Banking" Zimbabwe Central Bank Chief Says ZiG 43% Devaluation Is ‘Once-Off’ EventOctober 11, 2024 In "Banking" Zimbabwe’s Central Bank Governor Considers Using Reserves to Stabilize Currency Amid Ma...
The money is theirs and the money is secure. I have seen too many social media stories saying the Reserve Bank of Zimbabwe is going to take funds in FCA portfolios. Just imagine, there is an individual, an adult, who sends a message through social media to cause despondency and alarm to...
…“The economy’s capacity would go down for a period of time because of Brexit, that would add to inflationary pressure, and we would have a situation, which is the situation we have today, where the Bank of England has to raise interest rates despite the fact the economy is going ...
Wide consultations involving economic players such as the Confederation of Zimbabwe Industries (CZI), and other key stakeholders preceded the launch of the Zimbabwe Gold (ZiG) currency. This was said by Reserve Bank of Zimbabwe (RBZ) Governor John Mushay
The medium of exchange should be divisible because different goods are valued differently. What Can Serve As Money? COMMODITY MONEY FIAT MONEY Fiat money Money, such as paper currency, that is authorized by a central bank or governmental body and that does not have to be exchanged by the ...
reforming the RBZ to operate with some degree of functional and governmentality independence with limited political interference provides an antidote for bringing confidence in the banking sector in Zimbabwe. The hybrid ownership of the Reserve Bank of South Africa has allowed the bank to provide moneta...
This happens after China and the US over the weekend agreed to“refrain from competitive devaluations and not target exchange rates for competitive purposes”. As my loyal readers know I am very critical about this deal (see my post on that topichere) as I believe that it is an attempt to...
Well, if stock market performance was an accurate measure of economic health, then Zimbabwe would have had one of the healthiest economies on the entire globe during the last decade. But just like Zimbabwe’s stock market was artificially pumped up with “funny money” that was rapidly being ...
whileotherssuchasNiger andZimbabwebecomeimpoverished. Technologicalprogressalsomightholda keytounderstandingpersistentdifferences intheratesofimprovementinthestan- dardoflivingamongcountries. Technologicalprogressappearstohave shiftedaround2001,whenthemedian emergingeconomy’sgrowthrateaccel- eratedandsurpassedthatof...