Following the release of the new notes and coins on Tuesday, there has been an uproar on the withdraw limits set by the Reserve Bank of Zimbabwe. The central bank […]
The Reserve Bank of Zimbabwe has just revealed that the new $2 Bond coins will be issued on the 11th of November, next week Monday. Although the central bank hasn’t […]
Several EcoCash agents had their lines closed yesterday as result of ongoing investigations by the Reserve Bank of Zimbabwe, according to Zimpricecheck. EcoCash and RBZ have lately been trying to […]
Golix and the Reserve Bank of Zimbabwe are at it again. The central bank has approached the High Court seeking a order for wasted costs against Zimbabwe’s first cryptocurrency exchange.Wasted […]
Following an FBC Bank memo which revealed that the Reserve Bank of Zimbabwe no longer allows people to withdraw salaries in forex, the central bank has released a statement on […]
Zimnat has spoken out about circulating media reports of it’s Diaspora Funeral Cash Plan (DFCP) product. DFCP is a long-term funeral cover that is delivered to the Diaspora via various […]
So this whole week has been consumed by the EcoCash fiasco. As predicted, the central bank’s ban on cash-in and cash-out made things worse for you and I. They then […]
EcoCash, its agents and the RBZ are collectively the most topical subject in Zimbabwe right now. Taking a closer look at the saga which culminated in the Reserve Bank of […]
Following yesterday’s ban on cash-in and cash-out transactions, EcoCash has filed an urgent application at the High Court seeking to overturn the Reserve Bank of Zimbabwe’s ban. Here are the […]
Kutsvaga kweashaya, kutsvaga uta nemugate. That’s a Shona proverb which translates to “The frantic search of someone who has lost something and has no hope of finding it, s/he will […]
According to ZBC, Reserve Bank of Zimbabwe (RBZ) has reportedly issued a directive instructing EcoCash and other mobile money providers to stop facilitating cash-in and cash-out transactions. BREAKING: The @ReserveBankZIM […]
Over the past two weeks, forex rates decided to take up space exploration as a hobby and have thus rocketed in a manner that has left businesses and the public […]
The Reserve Bank of Zimbabwe revealed that the only way it can remove the black market is through controlling all the foreign currency in the economy. Appearering before Parliament’s Public […]
National Business Council (NBC) has now joined a growing chorus against the premium fees charged by EcoCash agents. NBC has given EcoCash 48 hours to get its house in order, […]
So the Reserve Bank of Zimbabwe Governor, Dr John Mangudya delivered his Mid-term Monetary Policy Statement yesterday. In the appendices there is reference to financial technology businesses (Fintechs). The weight […]
It looks like Zimbabweans are now tired of announcements and policies from the central bank, The Reserve Bank of Zimbabwe and from treasury, The Ministry of Finance. Today’s mid term […]
Since April this year, the Reserve Bank of Zimbabwe has licensed at least 20 other Bureau de Changes and as the central bank puts it “members of the public are […]
EcoCash agents are now infamous for selling cash (charging higher cash-out rates) to customers. In a way, they are the heartbeat of the currency black market. But unbeknownst to them, […]
The Reserve Bank of Zimbabwe (RBZ) says that it’s troubled by agents selling cash (through charging higher charges) and its working on a solution to curb this practice. According to […]
The increased use of plastic money (debit and credit cards) driven by the current cash challenges has propelled the volume of transactions processed through Point of Sale devices (POS) to […]
It’s now over a year since cryptocurrency trading platforms, Golix and Styx24 were humbled by the Reserve Bank of Zimbabwe (RBZ). Golix and Styx24 deadly fate came as a result […]
It’s official. The President of the United States, Donald Trump does not like cryptocurrencies. In a series of tweets, President Trump has announced that he’s “not a fan of Bitcoin […]
Prominent lawyer/businessman Tawanda Nyambirai is suing the Finance Minister Prof Mthuli Ncube for his conversion of bond coins/notes and RTGS balances into a currency (RTGS Dollars which have been deemed […]
When the news broke that the Zim Dollar had made a come back, we wrote that technically the accompanying ban on forex was not possible nor enforceable. Below, Veritas explains […]
The introduction of the RTGS Dollar by the Governor of the Reserve Bank of Zimbabwe introduced far reaching ambiguity locally and internationally. One of the casualty of this is Econet […]
What has just happened? In the morning we had written the following: If you have a foreign currency account (FCA), you can nolonger withdraw your forex to buy or pay […]
I never bought into the whole FCA nostro nonsense. This is one of the times however, that I hate to be proved right. The directive sent to banks by the […]