Stay updated with breaking news from Walter Mandeya. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Reserve Bank of Zimbabwe (RBZ) has taken steps to alleviate anxieties surrounding the potential need to print money to finance the purchase of foreign currency surrendered by exporters. This requirement, mandated by law, obliges exporters to relinquish a portion (currently 25 percent) of their foreign earnings in exchange for the local currency, known as…
Most Zimbabweans do not believe Government is using taxes for the well-being of its citizens, a policy paper prepared by an international think tank, Afrobarometer recently, reveals. The report surveyed 31 countries and Zimbabwe ranked second-to-last, with just above 30 percent of citizens believing their tax money goes towards their well-being. Findings from the survey…
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu says making ZiG fully convertible for all local transactions will result in complete dollarisation of the economy as a weaker local currency cannot compete with a strong one such as the US dollar. The central bank introduced a new currency, ZiG, on April 5 this year.…
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu says making ZiG fully convertible for all local transactions will result in complete dollarisation of the economy as a weaker local currency cannot compete with a strong one such as the US dollar. The central bank introduced a new currency, ZiG, on April 5 this year.…
The Zimbabwean Government’s decision to release the 2024 Annual Borrowing Plan (ABP) has been met with positive reactions from analysts and other key economic actors, who see it as a significant step towards greater transparency and potential redevelopment of a secondary market for State debt. Last week, the Zimbabwe Public Debt Management Office (ZPDMO) published…