Zim dollar collapse raises concerns

As of Wednesday, US$1 fetched $907,92 formally and $1 200 informally.
By Tatira Zwinoira Mar. 12, 2023

Opinion: Are we re-dollarising?

Rumours are that we are slowly heading towards official re-dollarisation, which will make the USD the official primary currency.
By Albert Chimbohwayi Mar. 10, 2023

Currency crisis: Lessons not learnt

Since the start of the year, seven weeks ago, the local currency has lost 27% of its value versus the greenback.
By Newsday Feb. 23, 2023

Zesa mulls switch to forex-indexed power tariff

The State-run power firm has been importing most of its power from regional utilities after failing to meet domestic demand for several reasons.
By Mthandazo Nyoni Feb. 10, 2023

Biggest forex windfall in 42 years... as Zim rates hit the roof, US$ gains traction

Only 35% was held in the free-falling Zimbabwe dollar pool.
By Shame Makoshori Feb. 6, 2023

Zim heads towards full scale dollarisation

According to researchers, historical patterns demonstrate that the country is dollarising, with the US dollar accounting for the largest share of civil workers' salaries.
By Mthandazo Nyoni Feb. 5, 2023

Zimdollar in spectacular freefall

Zimbabwe suffered the highest levels of hyperinflation ever recorded for a nation in peacetime in 2007 and 2008.
By Mthandazo Nyoni Jan. 27, 2023

Zimdollar further depreciates against US$

Following last week’s auction, the Zimdollar was trading at $705 to the US dollar.
By Tatenda Manyinyire Jan. 19, 2023

Industries thrown off balance as inflationary pressures mount

The Confederation of Zimbabwe Industries (CZI) said it was concerned about the sudden surge in month-on-month inflation at the end of 2022, even after a slowdown in the annual rate.
By Tatira Zwinoira Jan. 18, 2023