Banking

Zimbabwe local currency bounces back

October 2, 2018 Staff Reporter 0

GOVERNMENT has technically de-dollarised the economy by reintroducing local currency bank accounts, which will be traded in electronic transfers and bond notes only, and piled more taxes on the transacting public. BY TATIRA ZWINOIRA Reserve […]

Banking

Zimbabwe’s foreign reserves plummet

September 29, 2018 Staff Reporter 0

BULAWAYO – Zimbabwe’s foreign reserves have depleted to $200 million against a requirement of $1 billion cover as the country is struggling to emerge out of a near-recession, the Reserve Bank of Zimbabwe (RBZ) has said. […]

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