The 2020 Mid-Year Budget Review Revenue Measures 16 July 2020
THE 2020 MID-YEAR BUDGET REVIEW REVENUE MEASURES 16 July 2020
High Court judge reverses RBZ currency conversion
High Court judge reverses RBZ currency conversion Chronicle 15/5/2020 Fidelis Munyoro, Harare Bureau The High Court has declared unconstitutional a Reserve Bank of Zimbabwe exchange control directive converting sums in accounts originally designated in US dollars into accounts designated in Zimbabwe dollars, ordering a bank to pay a particular holder of such an account …
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Covid-19 Economic Recovery and Stimulus Package
Covid-19 Economic Recovery and Stimulus Package Ncube explains stimulus package – NewsDay Zimbabwe 6/5/2020 THE foreign currency earning sectors of manufacturing, tourism and mining will receive just $4,52 billion – the shorter end of the $18 billion stimulus package despite the impact of COVID-19 being more pronounced in those sectors. BY TATIRA ZWINOIRA Meanwhile, Treasury …
RBZ reviews downwards bank rate
RBZ reviews downwards bank rate – NewsDay Zimbabwe 30/4/2020 The Reserve Bank of Zimbabwe (RBZ) has reviewed downwards the bank rate to 15% from 25% per annum starting from Friday, May 1, 2020 as the broke government scrambles to resuscitate the economy. In a paper authored by the Zimbabwe National Chamber of Commerce titled ‘Sustainable …
RBZ reviews forex priority list
RBZ reviews forex priority list Herald 30/4/2020 Farai Masendu Tawanda Musarurwa Senior Business Reporter The Reserve Bank of Zimbabwe (RBZ) says financial institutions should prioritise foreign currency allocation to productive sectors of the economy as a key response to the coronavirus pandemic. In a strategic use of the monetary policy to cushion the blow of …
Understanding how to work with Forex trading
Understanding how to work with Forex trading 0 April 15, 2020 11:36 AM Source: Understanding how to work with Forex trading – NewsDay Zimbabwe Foreign exchange is the process of trading different currencies. Over time, it has emerged globally since it is volatile to anyone. However, for one to become a good and profitable trader beginner’s guide to …
Make Zimra payments online
Make Zimra payments online Herald 2/4/2020 The Zimbabwe Revenue Authority (ZIMRA) hereby wishes to advise its valued clients to stay safe and be cautious by reducing visits to ZIMRA offices this season of the Covid-19 virus outbreak. As a mitigating measure against the spread of the Covid-19 virus, clients are encouraged to access and …
Duty on Covid-19 material waived
Duty on Covid-19 material waived Minister Monica Mutsvangwa Harare Bureau Duty on the importation of drugs and other materials used in the Covid-19 response has been waived, with Government expressing satisfaction with mitigation measures put in place by the Inter-Ministerial Taskforce set to deal with the spread of the disease. Information, Publicity and Broadcasting …
RBZ suspends forex rule
RBZ suspends forex rule Chronicle 1/4/2020 Prosper Ndlovu, Business Editor THE Reserve Bank of Zimbabwe (RBZ) has suspended the 30-day foreign currency balance liquidation requirement for exporters as well as its attendant penalty system so as to minimise the impact of Covid-19 (coronavirus) outbreak on the economy. The central bank has also clarified concerns …
Govt gazettes free forex funds SIGovt gazettes free forex funds SI
Govt gazettes free forex funds SIGovt gazettes free forex funds SI Herald 31/3/2020 Dr Mangudya Herald Reporter Government has gazetted the amended statutory instrument allowing the wider use of foreign currency in the country. This follows the fixing of the official exchange rate to US$1:$25 by the Reserve Bank of Zimbabwe (RBZ) last week. …
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