Tag: Reserve Bank of Zimbabwe
PRESIDENT Emmerson Mnangagwa yesterday railroaded his Cabinet ministers, heads of State-owned entities and parastatals into signing performance contracts, but critics said the contracts were difficult to enforce as the latter were bound by statutes such as the Official Secrets Act. Legal analysts also warned that Mnangagwa could run into problems as the contracts were unconstitutional, […]
THE United States Agency for International Development (USAid) has warned that Zimbabweans face hunger as prices of basic commodities keep skyrocketing and the local currency’s slide continues. USAid’s food security research arm, the Famine Early Warning Systems Network (FEWSNET), in its January food security update released this week, said the parallel market exchange rate remained […]
GOVERNMENT’s failure to resolve a perennial currency crisis could push Zimbabwe back into dollarisation, analysts warned yesterday. In the past year, markets have been increasingly rejecting the free-falling local currency in favour of the United States dollar. Dollarisation occurs when the US dollar is used in addition to, or instead of a domestic currency of […]
