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Finance Minister says Zimbabwe is heading for monocurrency - Vimarsana News

Finance Minister says Zimbabwe is heading for monocurrency

CHAOS in the market including refusal by banks to lend money in ZWL and US$ prompted the enactment of Statutory Instrument 218 of 2023, which effectively extended the use of the multiple currency system to December 2030. Presenting at this year’s pre-budget seminar, held under the theme ‘Consolidating Economic Transformation’, in Mount Hampden, Minister for Economic…

Mnangagwa consolidates grip over investment fund - The Zimbabwe Independent - Vimarsana News

Mnangagwa consolidates grip over investment fund - The Zimbabwe Independent

A week ago, Mnangagwa reserved to his office 13 laws, including the Sovereign Wealth Fund (SWF) Act, through Statutory Instrument (SI) 189 of 2023.

Mnangagwa law blamed for high US$ pricing - Vimarsana News

Mnangagwa law blamed for high US$ pricing

Industry and Commerce Minister, Sithembiso Nyoni, attributed the current high pricing in US dollars to Statutory Instrument (SI) 118A of 2022.SI 118A, enacted u...

Minister blames ED law for high US$ pricing -Newsday Zimbabwe - Vimarsana News

Minister blames ED law for high US$ pricing -Newsday Zimbabwe

Last month, the Zimbabwe National Statistics Agency reported that 80% of transactions were now in US dollars.

Mnangagwa Places 13 Critical Laws Under His Private Control - Vimarsana News

Mnangagwa Places 13 Critical Laws Under His Private Control

In a recent and significant move, President Emmerson Mnangagwa of the Republic of Zimbabwe has taken direct control over 13 critical Acts (laws). These Acts, including the Anti-Corruption Commission Act, Interception of Communications Act, and the Sovereign Wealth Fund Act, have been placed under the personal administration of the President. https://twitter.com/ZimEye/status/1715564460490813657?t=oH1KWwwXONRiPmkdgYfmLg&s=19 This development is outlined…

Source: zimeye.net