adminUPDATED: RBZ floats US$ exchange rate
The Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against Real Time Gross Settlement (RTGS) balances, bond notes and all currencies in the multi-currency basket as it seeks to formalise trade in foreign currency.
ED launches India-Africa Incubation Centre
President Mnangagwa yesterday launched the India-Africa Incubation Centre in Harare which he described as a key conduit that will drive the modernisation and industrialisation of the economy.
Cabinet secures $30m for drugs
Government has secured about $30 million from development partners to procure essential drugs, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said.
New policy to kill forex black market
INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency parallel market and help increase production.
Foreign currency reconciled on RTGS
The Reserve Bank of Zimbabwe (RBZ) will introduce Foreign Currency Accounts (FCAs) that will be utilising the real time gross settlement system (RTGS) by the end of this month.
New RBZ measures to stabilise prices
PRICES of most goods and services are expected to drop or stabilise in the short to medium term following the freeing up of the exchange rate, after the Reserve Bank of Zimbabwe floated the rate between the US dollar and Real Time Gross Settlement (RTGS), bond notes and electronic money yesterday.
SEVEN GAMES, ONE DEFEAT, A REGIONAL TITLE AND AN ENDORSEMENT FROM CAF . . . Chidzambwa asks organizers to withdraw his name from Coach of the Year Award shortlist
SUNDAY CHIDZAMBWA has asked the organisers of the Annual National Sports Awards not to consider him for the 2018 Coach of the Year category in the wake of the controversy sparked by the way his name was squeezed into the final three-man short-list for the gong.
Editorial Comment: New monetary measures will stabilise markets
Almost all in business and most Zimbabweans will welcome yesterday’s Monetary Policy Statement that legalises and tackles the parallel currency market, and gives more agency to the Reserve Bank of Zimbabwe management of exchange controls, bans dual pricing for goods and services in Zimbabwe, and ensures that exporters must use or sell their retained forex earnings within 30 days.
‘EU sanctions a setback’
Government has described the continuation of European Union (EU) measures as a setback to re-engagement efforts, but says Zimbabwe will continue to mend relations.
First Lady hands over HIV diagnosis, monitoring machines
First Lady Auxillia Mnangagwa yesterday applauded continued improvement in access to healthcare services in Zimbabwe and committed to continue advocating for such access.