Zimbabwe introduces $100 bank note amid soaring inflation
The Reserve Bank of Zimbabwe (RBZ) will introduce a new 100 ZWL note following the issuance of Statutory Instrument 68A by the Minister of Finance and Economic Development in 2022.
Mthuli Ncube
Businesses Refusing Zimdollar Face Arrest
HARARE – Zimbabwe will not adopt the United States dollar as the country’s sole currency, but will work to progressively defend the value of the local unit, while businesses that refuse to accept the Zimbabwe dollar risk arrest, Finance and Economic Development Minister, Professor Mthuli Ncube, has said.
Central Bank Approves Black Market Rates
Retailers can continue to use parallel market exchange rates, Reserve Bank of Zimbabwe governor John Mangudya said in a statement issued on Monday.
IMF Disburses US$1 Billion Special Drawing Rights Fund To Zimbabwe
HARARE - The country on Tuesday received its US$1 billion allocation of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), with part of the critical recourses set to go toward revamping sectors such as health, manufacturing, education agriculture and minerals resource extraction.
'Corrupt' Belgian Firm To Take Care Of Zimbabwe Passport Production
BULAWAYO – A Belgian company linked to bribes-for-tenders in over half-a-dozen countries has been awarded a multi-million-dollar contract to produce biometric passports for Zimbabwe, online tabloid ZimLive reported Monday.
Zimbabwe Reviews Inflation Projections
Zimbabwe's annual inflation may breach the upper cap of 25 percent target in 2021 on surging global commodity markets, supply disruptions, stimulus interventions and currencies depreciation induced by the coronavirus pandemic.
Zimbabwe Receives More Sinovac Vaccines
Zimbabwe received an additional one million Sinovac vaccines on Sunday to ensure the country keeps up with the goal of achieving a herd immunity by end of year.
Consumer Board Takes War To Business Owners
HARARE - An organisation that stands for the interests and rights of consumers has declared war on local business operators over what they call unjustified price system.
Zimbabwe Loses US$25 Billion After Looting Spree
Zimbabwe has lost a staggering US$24,6 billion of public funds between the period 2015 to 2019, a former finance minister made the shocking revelation.
Zim External Debt Rise To US$17bn
HARARE — The country is in debt-distress as it closed the year 2020 owing to its external creditors as much as US$10,523 billion in Public and Publicly Guaranteed debt with more expected to be loaded on the total bill, Business Weekly revealed in a report.
