Economist Gift Mugano has predicted that Zimbabwe may dollarize by June. Gift Mugano is a leading economist and executive director at Africa Economic Development Strategies. He spoke as Reserve Bank of Zimbabwe governor John Mangudya told the Confederation of Zimbabwe Industries that Zimbabwe would be using its currency as the main medium of exchange by… Continue reading Zimbabwe To Dollarise By June
Tag: John Mangudya
New Monetary Policy: Tell Tale Signs That The Zimbabwean Economy Is In Shambles? (breaking down Monetary Policy 2022)
Zim economy The current state of the Zimbabwean economy is no secret. From an almost inexplicable 1:1 bond note to USD exchange rate to 200:1 +, this is just one of the tell tale signs of an unstable economy. A couple of moves have been made by the government and looking back, its now adding… Continue reading New Monetary Policy: Tell Tale Signs That The Zimbabwean Economy Is In Shambles? (breaking down Monetary Policy 2022)
RBZ Implements New Measures To Ensure You Can’t Transact As Much Cash As You Might Need
With the high, almost unpredictable fluctuations of the Zim Dollar to USD, the money in our banks is decreasing more and more in value. So this means that you might just need to make transactions and withdrawals of larger amounts to be able to acquire the same things you did before. However, the new measures… Continue reading RBZ Implements New Measures To Ensure You Can’t Transact As Much Cash As You Might Need
Good news for Small to Medium Enterprises as RBZ approves $500 million loan facility
Christmas seems to have come early for Small to Medium Enterprises. Many such businesses suffered as a result of economic challenges instigated by the Covid-19 situation. In order to help out with that situation, the RBZ has approved a $500 million loan facility. This move by the RBZ was made in a bid to stimulate… Continue reading Good news for Small to Medium Enterprises as RBZ approves $500 million loan facility
Mthuli Ncube addresses increase in bank withdrawal limit
As a move to combat the black market, the Treasury chief and the Reserve Bank of Zimbabwe(RBZ), last year decided to put a limit on the amount of money can be withdrawn. The then established bank withdrawal limiting was placed at $2000. This limit was therefore unsatisfactory to a number of citizens who wanted the… Continue reading Mthuli Ncube addresses increase in bank withdrawal limit
Ambassador Prophet Uebert Angel hits the ground running
The newly appointed Presidential Envoy and Ambassador at large Prophet Uebert Angel has hit the ground running, he has already brought in a group of investors from the United Kingdom, which include Former Professional Footballer Dexter Blackstock who played for clubs such as Nottingham Forest, Leeds and Queens Park Rangers Rangers. Writing on his Facebook… Continue reading Ambassador Prophet Uebert Angel hits the ground running
Mthuli and Mangudya Must Resign says MDC Alliance
MAt least six weeks after Mangudya presented a wishy-wash, self-contradictory and retrogressive Monetary Policy Statement, Zimbabweans are paying the price. The exchange rate is collapsing every day, the price of the US dollar continues to firm against the fictitious RTGS dollar. It is fictitious both by definition and by reality; sadly ED Mnangagwa is creating… Continue reading Mthuli and Mangudya Must Resign says MDC Alliance
DOWNLOAD: Monetary Policy Statement Issued on 1 October 2018 by Dr John Mangudya (PDF)
Dr John Mangudya, Governor of the Reserve Bank of Zimbabwe delivered his monetory policy statement for 2018. Issued on the 1st of October 2018. You can download the PDF below: DOWNLOAD 2018 Monetary Policy Statement