A widow in Bulawayo lost over $40 000 in the most recent case of card cloning. Timmy Kuzhangaira allegedly cloned her late husband’s bank card details before going on to […]
When John Mangudya, the governor of the Reserve Bank of Zimbabwe introduced the re-instituted interbank foreign currency market, he said trading would start on the 25th of February which is […]
The starting exchange rate between the USD and recently introduced RTGS dollar will be 1:2.5. This was announced by the governor of the Reserve Bank of Zimbabwe, John Mangudya at […]
On Wednesday, the Reserve Bank of Zimbabwe (RBZ) shocked Zimbabwe by redenominating bond notes, bond coins and RTGS balances (electronic money) to RTGS Dollars. This made the RTGS dollars formally […]
What are RTG Dollars RTGS Dollars is money made up of bond notes, bond coins and RTGS balances( electronic money). What do you have right now? What you have in […]
The first of the two monetary policy presentations for 2019 has just happened. The presentation was very late according to the legal schedule. We in media only got a very […]
While parsing the latest Monetary Policy statement from the RBZ something caught my eye: hidden beneath the exciting announcement that the RBZ has finally found Jesus and accepts bond notes, […]
Dr John Mangudya has just announced that in Zimbabwe we now have something called RTGS dollars which will trade with the US dollar and other currencies at market determined exchange […]
When John Mangudya announced that he was going to introduce bond notes in addition to the already circulating bond coins back in 2016 people were not amused. In fact, there […]
In His Monetary Policy Statement presentation, the Reserve Bank of Zimbabwe Governor John Mangudya has said that the central bank is establishing an inter bank market to trade in forex. […]
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya presents the 2019 Monetary Policy Statement today. Watch the livestream below: Download the Monetary Policy Statement
The much awaited Monetary Policy Statement presentation for the year 2019 has happened. Below is the link to download the document to read for yourself. There seems to be a […]
Today is the day we all have been waiting for since February started as we shall see the RBZ Governor, John Mangudya presenting the Monetary Policy Statement. Although the RBZ […]
As we have pointed out elsewhere, according to the law, the RBZ’s 2019 monetary policy is long overdue. In its absence, a lot of rumours have been doing rounds with […]
So the Reserve Bank of Zimbabwe Act, the law that establishes and regulates the central bank states that the bank should issue 2 monetary policy statements per year. One of […]
After claiming that the government was planning to introduce a new currency, Former Finance Minister, Tendai Biti is now even calling for the Reserve Bank of Zimbabwe (RBZ) to be […]
Former Finance Minister Tendai Biti has been quoted as saying the Zimbabwean government was planning to introduce a new currency sometime this week. As if that was not concerning enough, […]
Early today we published our opinion on whether the internet shutdown was lawful or not. Econet’s Strive Masiyiwa claims that his companies were following a legal directive issued in terms […]
According to Zimbabwe’s largest daily, The Herald, Zimbabweans are very optimistic about the country’s economic prospects in 2019. That’s the thing about stuff you see in the Herald- always assume […]
This morning we were talking about the introduction of a USD card by ZUVA for buying petrol and diesel. They of course didn’t start it: Chicken Inn introduced “discounts” for […]
The Reserve Bank of Zimbabwe (RBZ) says it doesn’t know where the RTGS balances are coming from. This is the central bank we are talking about and they don’t know […]
Social Media, Fake News. Words we are hearing every day. I would like to think we all agree Zimbabwe is burning, more on the economic side. In the Whatsapp groups, I […]
It seems the naming and shaming is quickly becoming a go-to tactic whenever the government wants to do something. The Finance Minister Mthuli Ncube made an infamous appointment of ‘Acie […]
This is a press release with a bit of our own commentary. Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard’s strong support for the country’s […]
Another conspiracy theory that make the rounds is that the central bank, Reserve Bank of Zimbabwe (RBZ) is involved in the informal and illegal money changing practice. Now Finance Minister, Professor […]
After years of what we thought were unfounded conspiracy theories, today the Reserve Bank of Zimbabwe Governor, Dr. Mangudya has confirmed your worst nightmare. Dr. Mangudya has confirmed that a secret […]
Despite yesterday conceding that he doesn’t want to wrestle with the reality ( the market forces) that bond notes (coins) are not at par with US dollars, Finance Minister Professor […]
Vice President Kembo Mohadi has issued the riot act against businesses for ‘overpricing.’ I cannot pretend this doesn’t send a chill down my spine. This is deja vu except it’s […]