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MacDonald Dzirutwe

Zimbabwe central bank head hints at more weakening of new currency

11 Mar 2019

HARARE Zimbabwe's central bank governor on Monday said the exchange rate for the new transitional currency is unlikely to remain at 2.5 per U.S. dollar by the time tobacco auctions open next week, suggesting the local unit will be devalued further.

UPDATE 2-Zimbabwe central bank borrows $985 million from African banks

04 Mar 2019

* Miners seek to hold on to dollar earnings for longer (Adds details, background)

Zimbabwe sold up to $20 million to banks for trade on new forex platform: sources

27 Feb 2019

HARARE Zimbabwe's central bank has sold up to $20 million to banks for trading on a newly-launched forex interbank market, but the money could be exhausted by the end of next week due to high demand, banking sources said on Wednesday.

UPDATE 1-Zimbabwe limits dollar sales to foreign payments only

26 Feb 2019

* Finance Minister says FX volatility must be avoided (Recasts with central bank directive)

Zimbabwe promises fiscal discipline as it launches new currency

25 Feb 2019

HARARE Zimbabwe's new currency will be backed up with fiscal discipline, Finance Minister Mthuli Ncube said on Monday, adding that the government would allow the RTGS dollar to fluctuate but would manage excessive volatility. | Video

Zimbabwe's currency reality check puts plaster on deep wound

21 Feb 2019

HARARE Zimbabwe's decision to scrap a peg between its quasi-currency bond notes and the U.S. dollar brings a welcome end to a failing monetary policy, but it is not the solution to a deeper crisis, economists said on Thursday.

UPDATE 1-Zimbabwe's currency reality check puts plaster on deep wound

21 Feb 2019

* Zimbabwe needs influx of forex to stabilise economy (Adds graphic)

Zimbabwe's currency reality check puts plaster on deep wound

21 Feb 2019

HARARE, Feb 21 Zimbabwe's decision to scrap a peg between its quasi-currency bond notes and the U.S. dollar brings a welcome end to a failing monetary policy, but it is not the solution to a deeper crisis, economists said on Thursday.

UPDATE 3-Zimbabwe scraps bond-note dollar peg, paves way for exchange rate slide

20 Feb 2019

* Opposition says local currency introduced via back door (Adds detail, opposition comment)

Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

16 Feb 2019

BATTLEFIELDS, Zimbabwe Zimbabwean rescuers pulled the bodies of at least 22 illegal gold miners out of shafts west of Harare that were flooded earlier in the week, and rescued eight more alive, officials and witnesses said on Saturday.

World News