Commercial Farmers' Union of Zimbabwe
‘Agric highest contributor to budget deficit’ The Chronicle 30/10/2018 Auxilia Katongomara, Chronicle Reporter GOVERNMENT is making strides to improve food security through irrigation development and investments and reducing the budget deficit in which agriculture is one of the major contributors, Treasury has said. According to the 2019 Budget Strategy Paper (BSP), the country’s …
Govt’s command policies spark off market turmoil Independent 26/10/2018 GOVERNMENT’S commandist strategy to contain currency volatility and the rising tide of price increases ravaging Zimbabwe are likely to worsen an economic crisis that has persisted for decades while dampening market confidence. By Tinashe Kairiza President Emmerson Mnangagwa’s administration is cracking down on the currency …
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Black market rates nosedive 1:1,5 Foreign currency dealers go about their business along Fort Street despite a blitz at the Tredgold magistrates’ courts in Bulawayo recently The Chronicle 26/10/2018 Patrick Chitumba, Midlands Bureau Chief PARALLEL market rates further plummeted to as low as US$1:RTGS/Bond1,5 this week from a peak of 1:6 in the …
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Fiscalisation: Know your fiscal devices 18/10/2018 The Chronicle What is fiscalisation? Fiscalisation is the recording of transactions for Value Added Tax purposes using electronic fiscal gadgets. The fiscalised gadgets record the information on read only memory, meaning that once recorded, this information cannot be altered. Who is required to fiscalise? All VAT registered operators …
Black market rates fall as RBZ, banks in firing line – NewsDay Zimbabwe 15/10/2018 LOCAL commercial banks and senior figures within the Reserve Bank of Zimbabwe (RBZ) are either involved in fanning the black market activities that reached alarming levels last week or incompetent to the point of failing their mandate, it has emerged. …
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Black market rates tumble The Chronicle 12/10/2018 Andile Tshuma/Leonard Ncube, Chronicle Reporters PARALLEL market rates plummeted in Bulawayo yesterday after Government guaranteed the 1:1 convertibility value of Real Time Gross Settlement (RTGS) balances into the United States dollar as well as availability of the greenback for Nostro foreign currency accounts. US$100 which was …
Statutory protection for nostro accounts The Herald 11/10/2018 Tawanda Musarurwa Senior Reporter Government will soon announce a Statutory Instrument to further protect nostro accounts for individuals and the private sector, Finance and Economic Development Minister Professor Mthuli Ncube has said. Nostro account refers to an account that a bank holds in a foreign …
Afreximbank guarantees convertibility The Herald Bulawayo Bureau GOVERNMENT has secured a loan facility from Afreximbank to guarantee the 1:1 convertibility value of Real Time Gross Settlement (RTGS) balances into the United States dollar and availability of the greenback for Nostro foreign currency accounts. This was said by Finance and Economic Development Minister Professor …
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