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Is Zimbabwe now on the right track?
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says the country’s monetary policy statement released on 5 April has been well received by the…
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Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from a peak of 13.2517 on 24 April but central bank governor John Mushayavanhu is optimistic…
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US loses its place as most influential power in Africa to China
The United States lost its place as the most influential global power in Africa last year as its star status dimmed and other countries -China in particular- gained fans. A…
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Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in small amounts like US$5 or US$10 cannot destabilise the country’s new currency the Zimbabwe Gold…
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Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the Bulawayo exhibition grounds into a mixed-use commercial development. Property developer Terrace Africa will develop a…
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ZiG falls against US dollar
Zimbabwe’s new currency today fell against the United States for the first time since its launch on 5 April. The ZiG, which is backed by gold and other minerals, has…
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ZiG plays havoc on the Zimbabwe Stock Exchange
Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market this year, leaving investors dealing with the fallout. The Zimbabwe Stock Exchange All Share Index…
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Jonathan Moyo tells Mushayavanhu to stick to monetary policy and leave money changers to the police
One bane of recent public discourse in Zimbabwe is not only that it is never about ideas or issues but it is invariably about ‘good guys’ versus ‘bad guys’ –…
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ZiG kicks off third week on a stronger note
Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as to who is manipulating the currency on the black market. The ZiG which kicked off…
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Zimbabwe asks US to tell its banks they can now deal with Harare
Zimbabwe Finance Minister Mthuli Ncube is asking the US government to tell banks that they will no longer be fined for dealing with Zimbabwe. The country has lost at least…