Zimbabwe says it's received a positive response from South Africa for the 100 million dollars in budget support requested in September last year. But, South Africa's northern neighbour says it will need additional financial assistance for elections expected later this year, warning South Africa if...
On 4 December 2008, the Reserve Bank of Zimbabwe introduced 10-, 50-, and 100-million-dollar notes, although it’s been reported that the notes were available on the foreign currency market a day prior to their official introduction. The bank also increased the daily cash withdrawal limit to...
Government is adamant that the bond note should continue to trade at par with the United States dollar despite the fact that the unit has lost considerable value to the greenback on the parallel market. As a result, a three-tier pricing system has emerged on the domestic market, with market...
Bulawayo +00263 9; Harare +00263 4
According to results from the Reserve Bank of Zimbabwe, a total of US$18.77 million was allotted with the main auction getting US$17.98 million and SME's on 4% at US$789 866.02. Raw materials received the highest allocation at US$7.8 million, Machinery a
I have done the Ministry of Agriculture for the importation permits before and found it beyond tedious so sent Fabian, one of my senior staff, down there with some smaller US dollar note and instructions to “do whatever it takes” to get the first certificate. It cost him five dollars to...
In a statement on Monday, RBZ Governor John Mangudya said all oil companies will from Tuesday, May 21, start to use the interbank exchange rate, currently at around 3.3 bond note to the U.S. dollar, when importing the commodity.
In Zimbabwe, ETMs attract close state interference and monitoring as they are a multi-billion-dollar resource. The government is consolidating its control of lithium through banning artisanal mining of the resource and exportation of unprocessed lithium. For example, in December 2023, Zimbabwe's pres...
Most families (72%) live on less than 1 dollar per day [81] and supplement their diet through small scale vegetable gardening around their houses. Families live in houses of similar structure and size (200 m2). On average 2–6 families live in these rela- tively small houses and in ...
A new “bond note” became legal tender, the Zimbabwe dollar was reintroduced before the gold coins and digital currency were tried. However, nothing brought any currency stability and the U.S. dollar remains the most trusted for ordinary Zimbabweans. As the shiny new ZiG banknotes hit the...