This is what it's like shopping in Zimbabwe - where no one knows what anything costs

2019-07-12 12:52

Zimbabwe reintroduced the Zimbabwean dollar as legal currency in June.

West Africa bloc currency ECO to launch in 2020

2019-06-30 23:03

Analysts are sceptical the introduction of the ECOWAS single currency will solve the region's economic problems.

Zim dollars only: Finance minister Ncube bans foreign currency

2019-06-24 13:19

Foreign currencies are no longer acceptable as legal tender in Zimbabwe, with Finance Minister Mthuli Ncube saying Monday that the Zimbabwe dollar is now the only acceptable medium of exchange for local transactions.

West African finance ministers inch closer to single currency

2019-06-18 19:55

The 15-member regional organization has set a target to have a single currency by 2020, following a gradual approach that allows countries to join the monetary union when they meet the convergence criteria.

Zimbabwe to supply interbank market with $500m on Monday

2019-05-19 08:28

Zimbabwe will supply the interbank foreign exchange market with $500m on Monday as its tries to resuscitate a currency trading system implemented in February that’s been plagued by a lack of liquidity

Some investors are nervously eyeing whether the ANC and EFF together hit 66%

2019-05-09 14:33

Investors have speculated that the rand could rally if the ANC breaches the "mandate threshold" of 58%.

Whats in a name? All you need to know about Zim's new currency

2019-03-15 19:46

In February, Zimbabwe introduced a new currency called the RTGS, or real-time gross settlement dollar, in the process abandoning its long held 1:1 parity between the US dollar and its local transactional instrument - the bond note.


2019-01-15 11:45

AS the #Zimshutdown continues and enters its second day, there are reports that the Zimbabwean government has allegedly shut down the internet.

Tokyo stocks open higher on cheaper yen

2018-12-12 08:03

Tokyo stocks opened higher helped by a cheaper yen and a rebound in European bourses after two days of declines amid lingering concerns over trade conflicts.

Asian dealers trade carefully before Trump-Xi, oil extends gains

2018-11-30 07:40

Asian markets were mixed, with dealers moving cautiously at the end of a broadly upbeat week with focus turning to the much-anticipated meeting between Donald Trump and Xi Jinping.


SAA has R1.1bn stuck in cash-strapped Zimbabwe

2019-07-12 10:20

The flag carrier is currently unable to repatriate proceeds from ticket sales due to Zimbabwe's severe foreign currency shortage.

We cannot fear change - Zim's Mnangagwa on currency

2019-06-25 21:10

In a statement released on Tuesday, Zimbabwe President Emmerson Mnangagwa said it had always been clear that for the country's economy to take off, "we need our own currency".

Libra is Facebook’s plan to bring cryptocurrency to the masses — but I don’t trust Facebook enough to use it

2019-06-19 17:32

I belong to a traditional bank, and I don't trust Facebook. So why would I use Libra, the new global currency it's pushing?

Mnangagwa tells Zimbabweans why the country did not adopt the rand

2019-06-15 12:02

Zimbabwe did not adopt the rand due to onerous conditions set by the South African Reserve Bank

ANC win positive for financial markets

2019-05-11 16:04

The ANC has extended its quarter-century grip on political power and it largely has President Cyril Ramaphosa to thank for halting its decline.

'I am guilty as charged': Zim central bank governor on overvalued bond notes

2019-02-22 11:17

Zimbabwe central bank governor Dr John Mangudya has admitted prejudicing the country’s exporters by exchanging their US dollar earnings at parity with the local bond note, when rates on the parallel market were at a 400% premium.

More distressed Zim companies ring alarm bells

2019-01-11 20:02

One of Zimbabwe's biggest grocery wholesaler N Richards Group says it is losing up to 15% of turnover per day spent without accessing fuel for distribution.

European stock markets mixed at open

2018-12-04 11:42

European stocks were mixed at the start of trading on Tuesday, with London's FTSE 100 index up 0.4 percent at 7,090.64 points.

Europe stocks climb as mining, tech shares rise on volatile day

2018-11-29 15:18

European stocks rose in volatile trading, with mining, technology and industrial shares leading the gains following a sharp rally on Wall Street sparked by dovish comments from Federal Reserve Chairman Jerome Powell.

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