The Reserve Bank of Zimbabwe (RBZ) has issued new $ 10 and $ 20 notes which are set to start circulation next week Tuesday and first week of June, respectively, as authorities step up efforts to ease cash challenges in the economy.
In a statement released
The Zimbabwe Stock Exchange (ZSE) gained ZWL$ 11 billion in just six trading days to breach the ZWL$ 75 billion mark as investors disposed their local currency into equities amid speculation of a cash injection into the economy in the region of ZWL$ 600 million,
The Zimbabwean dollar has this week continued on a free-fall on the parallel market despite measures announced by monetary authorities last week to restrain it from further dipping.
Last week, the local currency shed 20 percent of its value in just three days to reach ZWL$
Tobacco farmers will yet again retain 50 percent of net sales in foreign currency in the upcoming selling season as government continues to strictly regulate foreign currency earnings distribution, 263Chat Business can report.
Last year tobacco growers called for a review of the 50 percent threshold
Finance and Economic Development Minister, Mthuli Ncube has castigated the country’s legal and institutional framework relating to illegal trading of foreign currency as ineffective in fighting rampant parallel market activities.
Since the reintroduction of the Zimbabwean dollar, monetary authorities have been grappling to contain the exchange
Monetary authorities today announced a raft of remedial measures meant to mop excess liquidity in the economy and stabilize the parallel market exchange rate which went haywire over the past two days.
Since Monday morning, the Zimbabwean dollar has plunged nearly 20 percent as of Wednesday
The Reserve of Zimbabwe (RBZ)has released the fuel finance facilities for the month of March valued at US$120 million to be available to oil marketing companies for procurement of fuel to be sold in local currency.
The finance facilities will be administered by local banks with
Reserve Bank of Zimbabwe (RBZ) has come under fire over inefficiencies in the operations of the inter-bank foreign exchange market arising from alleged manipulation of the exchange rates by the Central Bank, 263Chat Business can report.
The inter-bank market was established last year to create a
The Zimbabwe Stock Exchange Limited (ZSE) today launched the ZSE Training Institute, a center for specialized training of various capital markets subjects, 263Chat Business has learnt.
The institute is expected to help unpack capital markets in a country were equity trading is generally misunderstood.
In a statement