Finance

Loaf of bread now costs Z$19,357 as ZimDollar sinks; currency has lost 68% this year

By Bloomberg News Nation plans launch of structured currency with gold standard Central bank avoids intervention despite sinking currency Zimbabwe,
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WORLD BANK: Zimbabwe needs predictable policy to support currency; ZimDollar down 60% this year

By Reuters Zimbabwe needs to make its fiscal and monetary policy more predictable to instil confidence in its depreciating currency,
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UNITED STATES: Pennsylvania burglar makes off with 20 trillion ZimDollar bills

By Agencies & Staff Reporter UNITED STATES: Police have revealed that a suspect made off with a 16-figure haul after
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Ghana president replaces finance minister in reshuffle

By Reuters ACCRA: Ghana‘s president has replaced finance minister Ken Ofori-Atta in a cabinet reshuffle after criticism of the ex-banker’s
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IMF says Zimbabwe should speed up currency reforms

By Reuters The International Monetary Fund (IMF) on Wednesday encouraged Zimbabwe to speed up currency reforms at the end of
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Zimbabwe central bank accumulates almost a ton of gold reserves

By Bloomberg HARARE: Zimbabwe’s central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a law that compels
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After 40% ZimDollar Collapse: Govt says to link exchange rate to hard assets, create currency

By Reuters HARARE: Zimbabwe is working on new measures to stabilise its local currency including linking the exchange rate to
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South African rand steady as focus shifts to government’s budget

By Reuters South Africa’s rand was little changed in early trade on Friday, after President Cyril Ramaphosa gave little detail
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Zimbabwe looks at yet another plan to rescue sinking local currency

By Bloomberg News HARARE: Zimbabwe is considering overhauling its exchange-rate regime as the government seeks new measures to save its
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Mnangagwa hints at measures to revamp free-falling Zimbawbe dollar

By Bloomberg News HARARE: President Emmerson Mnangagwa hinted that the authorities will soon announce steps to halt a plunge in
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