Zimbabwe Situation - Daily news from Zimbabwe
WEB4 days ago · Price instability drives consumers away from chain stores in Zimbabwe. September 29, 2024 11:37 PM.
Zimbabwean dollar balances shrink in value amid ZiG currency …
WEBApr 6, 2024 · The depreciating Zimbabwe dollar, which lost 75% of its value this year, will be phased out in favor of ZiG. “Effective today, banks will convert existing Zimbabwe dollar balances to the new currency,” Mushayavanhu declared. ZiG will be available in denominations ranging from 1ZiG, 2ZiG, 5ZiG, 10ZiG, 20Zig, …
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WEB4 days ago · September 27, 2024. Source: Bribe-seeking cop nabbed -Newsday Zimbabwe Dzuramera demanded US$30 as fine only to later settle for a US$10 bribe. A ZI ... Read More. the latest articles.
How the commodity exchange has changed Zim’s investment terrain
WEBDec 24, 2021 · Currently, the ZMX has active trades in red and white sorghum while commodities like barley, cow peas, wheat, soya beans, tea among others, will start trading in March 2022. It was announced by Ncube that ZMX would provide commodities derivatives trades such as options, futures and swaps in addition to the normal buying and selling of commodities.
RBZ unveils new gold-backed ZiG currency to replace Zimbabwe …
WEBApr 5, 2024 · Banks were directed to convert current Zimbabwe dollar balances to the ZiG. “The swap rate will be guided by the closing interbank exchange rate and the price of gold as at April 5, 2024,” he said. The ZiG opened with an exchange rate of US$1 : 13.5616 ZiG. Based on the interbank rate of US$1 : ZWL33,903 on Friday, 1 ZiG was worth ZWL2499.
RBZ announces new measures to stabilise prices, exchange rate
WEBJun 7, 2023 · THE Reserve Bank of Zimbabwe (RBZ) will from today start selling foreign currency on the interbank market through commercial banks, with the foreign currency auctions now limited to US$5 million a week and transactions of between $1 500 and US$50 000, largely in a price discovery process. This comes after Finance and Economic Development ...
RBZ adopts market-based exchange rate - Zimbabwe Situation
WEBApr 6, 2024 · THE Reserve Bank of Zimbabwe (RBZ) has adopted a market-determined system for setting exchange rates, with the auction system being replaced by a refined interbank foreign exchange market which connects and allows trading between willing-buyers and willing sellers. The central bank itself will help feed the market with the 25 percent surrender ...
Tamuka bus accident latest: bodies identified, repatriation process ...
WEBSep 3, 2024 · Thupeyo Muleya, Beitbridge Bureau. The Zimbabwe Consulate in Johannesburg is finalising the repatriation process of some of the 15 Zimbabweans who died in two seperate road accidents in South Africa. Ten of the victims died on Tuesday when a Mzansi Express bus they were travelling in from Bulawayo overturned near Makhado town in Limpopo Province.
Zim art shines as Sadc convenes for the 44th Summit
WEB0 August 17, 2024 11:41 AM. Source: Zim art shines as Sadc convenes for the 44th Summit – Newsday Zimbabwe. Daniel Chimurure, Calvin Chimutuwah and Ronald Mutemeri. ZIMBABWE hosts the 44th Ordinary Summit of Sadc Heads of State and Government today at the New Parliament Building in Mt Hampden. Aside from the political agenda, the ...
Gukurahundi: Zimbabwe’s lingering genocide wounds
WEB4 days ago · The Gukurahundi genocide in Zimbabwe claimed countless victims and left deep wounds in society that can still be seen today. The stories of survivors are a haunting reminder of a dark chapter in the nation’s history that continues to leave scars. Jeffrey Moyo Nearly four decades ago, Ben Moyo, who was 24 years old and […]