Commercial Farmers' Union of Zimbabwe
Forex eludes farmers 30/6/2019 The Sunday Mail Tendai Chara The decision by the Reserve Bank of Zimbabwe to pay tobacco farmers 50 percent of their sale proceeds in foreign currency has brought with it both joy, confusion and despair, The Sunday Mail Society has established. Although farmers welcomed the move, the delay in accessing …
ZTA assures visitors…Any convertable foreign currencies still acceptable 28/6/2019 The Chronicle Oliver Kazunga, Senior Business Reporter THE Zimbabwe Tourism Authority (ZTA) has assured all visitors to the country that the removal of the multi-currency system from the economy will not affect them. Finance and Economic Development Minister, Professor Mthuli Ncube, through Statutory Instrument 142 of …
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Why Zimbabwe has banned foreign currencies 28/6/2019 The move shocks many as the largely cashless society fears a local currency that fuelled hyperinflation. Source: Why Zimbabwe has banned foreign currencies – BBC News Image copyrightEPA Zimbabwe’s government has taken the controversial decision to ban local trading in foreign currencies, including the US dollar, with immediate effect. …
Prof Ncube slams debt takeover practice 27/6/2019 The Chronicle Golden Sibanda, Harare Bureau Government may not take over the debts of State-owned entities such as Air Zimbabwe and Zisco, touted as critical to making them more attractive to investors, after Finance and Economic Development Minister Professor Mthuli Ncube indicated that automatic debt takeover was not …
EDITORIAL COMMENT: Currency reforms need support of all Zimbabweans 27/6/2019 The Chronicle Government on Tuesday removed the multi-currency regime and restricted domestic transactions to local currency renamed Zimbabwe dollar. The multi-currency system has been in operation since 2009 which means the country has been without its own currency for a decade. The removal of …
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New regulations tame bourse arbitrage window 27/6/2019 The Chronicle Oliver Kazunga, Senior Business Reporter THE 90-day disposal window of dual listed securities or shares bought by investors on the Zimbabwe Stock Exchange is a positive move as it tames arbitrage opportunities and externalisation of funds, economic analysts said yesterday. The Reserve Bank of Zimbabwe (RBZ) …
Economists warn against USD-based prices 27/6/2019 Professor Ashok Chakravarti The Chronicle Ishemunyoro Chingwere, Harare Bureau The Economists Roundtable has implored businesses to stop pegging prices of goods and services against the value of the US dollar since the costs they incur are in local currency. The call follows the introduction of currency reforms contained Statutory …
Forex withdrawals still allowed: RBZ 27/6/2019 The Chronicle Africa Moyo, Harare Bureau Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday reiterated that companies and individuals can still withdraw their money held in foreign currency accounts, adding that NGOs can still pay their employees in forex. Further, Dr Mangudya clarified that possession of forex …
Cabinet approves currency reforms 27/6/2019 Zanu-PF First Secretary, President Mnangagwa (second from left), Vice President Kembo Mohadi (third from left), National Chairperson Cde Oppah Muchinguri-Kashiri (right) and Secretary for Administration Cde Obert Mpofu during a Politburo meeting at the ruling party’s headquarters in Harare yesterday The Chronicle Zvamaida Murwira, Harare Bureau Cabinet has approved currency …
Zimbabwe ending foreign currency could be disastrous, says economist IOL News Fanuel Jongwe 27/6/2019 Harare – Zimbabwe announced on Monday that it would abandon the use of foreign currencies which replaced the local dollar that was wiped out by hyperinflation ten years ago. President Emmerson Mnangagwa has promised to introduce a new national currency …
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