Trending News
We Have Your Backs: RBZ Chief
THE Reserve Bank of Zimbabwe has increased foreign currency allocation for basic and essential commodities to curtail threats of shortages. Lincoln Towindo and Livingstone Marufu Central bank g…
Zimbabwean dollar
Zimbabwe: Bond Notes Demo Flops
A demonstration planned to protest the impending introduction of bond notes flopped dismally yesterday as people ignored it and went about their business. A snap survey by The Herald in the central…
Zimbabwe
Zimbabwe: Cross-Border Traders Seek Dialogue On Bond Notes
Cross-border traders have urged the Reserve Bank of Zimbabwe (RBZ) to have consultative meetings with them over the introduction of bond notes and their implications to their sector. Zimbabwe Cro…
Zimbabwe
Bond Notes Law Promulgated
President Mugabe has gazetted Statutory Instrument 133 of 2016, which provides a legal framework for the introduction of bond notes as acceptable legal tender in Zimbabwe. SI 133 of 2016, President…
Zimbabwe
Bond Notes On Course - RBZ
The introduction of bond notes early next month is on course with massive educational national awareness campaigns expected to start on October 31 countrywide, Reserve Bank of Zimbabwe Governor Dr J…
Zimbabwean Bond Coins
‘Bond notes will improve liquidity’
A CROSS-SECTION of manufacturers and retailers are optimistic that bond notes, which are expected in the market early next month, will improve liquidity in the economy. Reserve Bank of Zimbabwe G…
Zimbabwe
RBZ reveals bond note denominations
The Reserve Bank of Zimbabwe says at least $75 million worth of bond notes will be in circulation by December, but will only be issued in smaller denominations of $2 and $5 to allay public sceptic…
Reserve Bank of Zimbabwe
Agribank to Float Agro Bills in July
THE Agricultural Development Bank of Zimbabwe will float agro bills in July to raise $20 million to enhance agriculture financing. This comes as the bank is gearing itself to enhance funding supp…
Zimbabwe
ZCDC Sells Diamonds Worth $21,5 Million
The Zimbabwe Consolidated Diamond Company has since March this year sold about 513 000 carats valued at about $21,5 million from two of the diamond operations it took over in March this year. Acc…
Zimbabwe
Government Imports Over 100 000 Tonnes Maize
GOVERNMENT has imported over 100 000 tonnes of maize worth $12,7 million since last October under the drought relief programme aimed at assisting vulnerable families with food. Statistics have sh…
Zimbabwe African National Union – Patriotic Front
Gono breaks silence,speaks on bond notes
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has broken his silence on the recent decision by his successor, John Mangudya to introduce bond notes into the economy . Gono left his …
Zimbabwe
RBZ Warns Banks Conniving With Exporters
THE Reserve Bank of Zimbabwe said it will take action against banks which are conniving with exporters to allocate their foreign exchange receipts to specific importers . This illegal practice…
Zimbabwe African National Union – Patriotic Front
Cash Crisis to worsen as banks propose $500 withdrawal limit a week
HARARE – Zimbabwean banks are seeking approval from the Central Bank to slash cash withdrawal limits to $500 per week in an effort to stem the worsening cash crisis. Barclays Bank Zimbabwe ma…
United States
Guilty As Charged!
BANKS have admitted that banking charges currently prevailing are punitive on depositors and will immediately start conversations around lowering them while Steward Bank will with effect from today…
Zimbabwe
Businesses Embrace Plastic Money
More businesses have embraced plastic money as the country continues to experience banknote shortages, with economists expressing mixed feelings over the proposed introduction of bond notes. This c…
Zimbabwe
Zimbabwe banks cash in on crisis
DEPOSITORS continue to struggle to withdraw their money as the cash crisis escalates forcing banks to cap daily withdrawal limits to a maximum of $100. With payment of salaries for most workers and…
Zimbabwe
Former Caps Utd Coach Gishon Ntini dies
Former CAPS United coach Gishon Ntini has died. He was 42. He passed on Sunday night at Karanda Hospital where he was diagnosed of prostate cancer and was supposed to have an operation today. …
Zimbabwe
No Need to Panic Over Bond Notes
It is obvious that the largest single cause of the banknote shortage in Zimbabwe at the moment is the desire by many to keep their cash at home in the form of banknotes, rather than in a bank accou…
Zimbabwe
LATEST:Bond Notes production hit by delays,New Dates set
Bond notes will start circulating around August 2016 – and not June as previously projected – as their production takes at least four months, central bank Governor Dr John Mangudya has said. Gover…
Featured News
The stories everyone is talking about