adminCopa America starts anew in quarters, says Argentina’s Messi
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Ismailia — Dutch superstar, Clarence Seedorf, won the Champions League four times with Ajax Amsterdam, Real Madrid and AC Milan during an illustrious career spanning two decades. But as a…
Multi-currency system scrapped
Government has removed the multi-currency regime and restricted domestic transactions to local currency, renamed Zimbabwe dollar, in an effort to enhance the affordability of goods and services by the majority.
New measures to buttress currency reforms
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 the Government yesterday.
Tracking system for Govt vehicles
The Central Mechanical & Equipment Department (CMED) will next week start installing trackers on all Government vehicles to monitor their movement, collecting information on vehicle performance and behaviour of drivers.
Editorial Comment: Zimdollar will boost competitiveness
The rate at which the black market value of the RTGS dollar (now Zimbabwean Dollar) has been fast sliding against the US dollar was no longer sustainable and the move by Government to abolish the multi-currency system will avert a potentially disastrous situation where the country would have been plunged into fully-fledged re-dollarisation.
TOUGH CHOICES FOR MHOFU . . . Coach caught between a rock and a hard place ahead of Uganda tie
SUNDAY CHIDZAMBWA faces an intriguing, if not very tough choice tomorrow — either to go with his trusted lieutenants who have served well so far in this adventure or go for the jugular, or freshen up his Warriors with faces that usually do not feature as the frontline troops?
New currency regime averts re-dollarisation
The abolishment of the multi-currency system by Government will avert the country from plunging into full re-dollarisation at a time the economy do not have enough United States dollars to support it, some economic analysts have said.
Zim sitting on US$600m ivory stockpile: ED
Zimbabwe is sitting on ivory and rhino horn stockpiles worth US$600 million which could be used to support the conservation of wildlife and natural resources for the next 20 years, President Mnangagwa has said.