There is no cash crisis in Zimbabwe:Finance minister

Harare – Zimbabwe’s finance minister Patrick Chinamasa has denied the biting cash shortages, saying “the government was satisfied with the prevailing liquidity position in the country,” says a report. According to NewsDay, speaking at the unveiling of a low-density housing project in Masvingo, Chinamasa said that the government More...

by reporter263 | Published 2 months ago
By reporter263 On Saturday, July 22nd, 2017
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Virtual currency for Zimbabwe

SOUTH Africa-based African Medallion Group (AMG), which has had three issues of its cryptocurrency African medallion dollar this year, said last week it now had a virtual version of the product that can be easily More...

By Lex Vambe On Monday, July 17th, 2017
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Ponzi Scheme Hits 2 000 Zimbabwean Civil Servants

 Ponzi scheme has duped over 2 000 investors, mainly civil servants, of more than    $100 000, it has been reported.  Ponzi scheme VICTIM? Lucky Butau, Nobuhle Butau, Angela Butau, Dumisani Butau and Jesca More...

By reporter263 On Wednesday, July 12th, 2017
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Mugabe to dish out more bond notes as cash shortages bite

HARARE,(Reuters) – Zimbabwe’s Reserve Bank is looking to increase the amount of domestic “bond notes” in circulation beyond an initial $200 million cap, its governor said on Wednesday, More...

By reporter263 On Wednesday, July 12th, 2017
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Here comes Gono again

Former Reserve Bank of Zimbabwe governor Gideon Gono who became famous for his “failure is not an option” but saw the country slide to its highest hyperinflation ever, is back this time promising that Zimbabwe More...

By reporter263 On Monday, July 10th, 2017
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1 500 moneylending institutions close down in Zimbabwe

By Farayi Machamire Viability challenges and Zimbabweans’ inability to repay loans has resulted in 1 521 moneylending companies closing down in the past 14 years, amid fears the biting liquidity crisis will More...

By reporter263 On Sunday, July 9th, 2017
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RBZ’s credit bureau takes shape

THE Reserve Bank of Zimbabwe’s efforts to set up the Credit Reference Bureau (CRB) has received a major boost after banks submitted information on 90% of their loans to the registry as the central bank moves More...

By reporter263 On Wednesday, June 21st, 2017
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Zimbabwe bond notes have helped but won’t address underlying issues :World Bank

Harare – Zimbabwe’s bond notes – which trade at par with the US dollar – have managed to ease liquidity shortages but will be unable to address the country’s macroeconomic imbalances, More...

By reporter263 On Wednesday, June 21st, 2017
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PICTURES: $350 000 lottery winner now a security guard

Money isn’t always the answer to all of life’s problems. In fact, sometimes money can create even more problems – as, it seems, is too often the case for lottery winners, a Gweru man is a true testimony. It More...

Zimbabwe cash crisis continues
By reporter263 On Tuesday, June 20th, 2017
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Cash crisis to continue

CASH shortages are set to continue unabated as the Reserve Bank of Zimbabwe’s (RBZ) monthly economic review for April recorded that 2,51% or $153,53 million of broad money supply was the currency in circulation, More...