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 […]
Ecobank has a useful Q&A for clients regarding the recently announced separation of bank accounts into the so called ‘FCA Nostro and the FCA RTGS.’ I still grimace to think […]
The RBZ has issued a press statement signed by their boss, Dr John P. Mangudya. Here it is: PRESS STATEMENT DRAW DOWN OF FOREIGN CURRENCY FROM USD500 MILLION LINES OF […]
Yesterday’s Monetary Policy Statement was met with mixed reactions on various social media platforms such as Twitter, WhatsApp, Facebook etc. I am going to present to you just a few […]
So the big news yesterday was something we have always known but that Mangudya finally admitted: the USD is not equal to bond notes which are not equal to money […]
In a surprising turn of events, it seems the RBZ is finally warming up to cryptos. It took the President appointing a new Minister of Finance and said Minister of […]
The central bank, Reserve Bank of Zimbabwe (RBZ) has told people to expect more physical cash (cash), to withdraw, as it will be injecting more foreign currency into the financial sector […]
Maybe now is not the time to give up on spending hours in the bank queues waiting for cash you can get yourselves some US$ (United States Dollars). Some banks […]
In a positive and unexpected turn of events, the Governor of the central bank of Zimbabwe, John Mangudya, indicated that the Reserve Bank is ready to investigate blockchain technology. This […]
As a sign of a thawing of relations between Zimbabwe and the UK, last month the UK government advanced a $100 million facility to Zimbabwe to alleviate cash shortages and […]
Here is the latest chapter in the Golix vs RBZ (Reserve Bank of Zimbabwe) saga. The RBZ filed its opposing application with the courts. Summary of how we got here: the […]