Banking

Locals stash US$1 billion offshore

December 14, 2017 Staff Reporter 0

FUNDS held by Zimbabweans in offshore banks rose to US$1 billion last year, having declined to US$300 million four years ago, following escalating political risk and uncertainty at home, Reserve Bank of Zimbabwe (RBZ) deputy governor, Kupukile Mlambo, […]

Banking

Zimbabwe to introduce new currency

December 7, 2017 Staff Reporter 0

MUTARE – President Emmerson Mnangagwa’s top priority is to ensure Zimbabwe has its own currency so as to stimulate economic growth and build investor confidence in the country, an official has said. According to local […]

Banking

Forex rates tumble by 30pc in Zimbabwe

December 1, 2017 Staff Reporter 0

HARARE – The inauguration of President Emmerson Mnangagwa last week has seen the costs of United States dollars on the parallel market tumbling down by 30 percent while banks have started disbursing the elusive greenback to […]

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