Commercial Farmers' Union of Zimbabwe
Editorial Comment: It’s time to put economic fundamentals in place – NewsDay Zimbabwe 26/6/2019 Editorial Comment The ripple effects of the bombshell that government dropped on Monday concerning the abolishment of the United States dollar as legal tender in Zimbabwe are yet to be fully felt and, already, speculation is in overdrive as Zimbabweans …
Why new currency measures will not work and what we propose – NewsDay Zimbabwe 26/6/2019 Guest Column: Tapiwa Mashakada/ Miriam Mushayi WHEELS have finally come off as the Zimbabwe government has been cornered and forced to involuntarily de-dollarise without a plan. When government introduced bond notes, we warned that the surrogate currency was bad …
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Scrapping of multi-currency regime: The implications – NewsDay Zimbabwe 26/6/2019 Guest Column: Respect Gwenzi ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system. Further measures announced include the intended sterilisation of $1,2 billion in RTGS funds. These are balances in RTGS …
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SI 142 buttresses Govt’s extraordinary measures 26/6/2019 The Herald Shame Tarumbiswa Correspondent On Monday June 24, Finance and Economic Development Minister, Mthuli Ncube made a big announcement that Government had removed the multi-currency regime and restricted domestic transactions to local currency, renamed the Zimbabwe dollar, in an effort to enhance the affordability of goods …
Black market pacified 26/6/2019 The Herald Africa Moyo Deputy News Editor THE runaway black market, which had thrived in the just-ended multi-currency system, was all but pacified yesterday in response to Government’s measures to contain fiscal and monetary problems in the country. There was subdued activity on the street and among foreign currency dealers …
RBZ moves to arrest inflation. . .Interest rate hiked to 50% 26/6/2019 The Chronicle Prosper Ndlovu, Business Editor THE Reserve Bank of Zimbabwe (RBZ) has increased the interest rate on its overnight window to 50 percent per annum from 15 percent in a bid to tame inflationary pressures alongside other measures meant to buttress …
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Tobacco farmers, exporters to retain US$ 26/6/2019 The Chronicle Harare Bureau FOREIGN currency retention thresholds for exporters have not changed following the proclamation of Statutory Instrument 142 of 2019 that scrapped the multi-currency system and replaced it with a local currency, the Zimbabwe dollar. This was said by Reserve Bank of Zimbabwe (RBZ) Governor …
Nation embraces Zim dollar. . . Country has returned to normalcy, President says 26/6/2019 The Chronicle Leonard Ncube in Victoria Falls PRESIDENT Mnangagwa yesterday said the removal of the multi-currency regime marks the country’s return to normalcy while assuring Zimbabweans that the Bond note will not be decommissioned. Finance and Economic Development Minister Professor …
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‘Traders drive black market rates’ 25/6/2019 Finance and Economic Development Minister Professor Mthuli Ncube The Herald Golden Sibanda Senior Business Reporter FINANCE and Economic Development Minister Mthuli Ncube says foreign currency exchange rates on the parallel market are being driven by speculative traders who want to make huge profits and not people seeking to …
New measures to buttress currency reforms 25/6/2019 The Herald Africa Moyo Deputy News Editor The Reserve Bank of Zimbabwe (RBZ) has put in place letters of credit (LCs) amounting to US$330 million for the importation of fuel, cooking oil and wheat, as part of measures to buttress the removal of the multi-currency system by …