ED defends local currency
www.herald.co.zw November 01, 2019
No country can develop without its own currency, President Mnangagwa said yesterday while defending economic policies adopted by the Government to revive the economy.
In progress
RBZ to inject $1 billion new coins, notes
www.herald.co.zw November 01, 2019
Cash in circulation will slightly more than double over the next six months, as the Reserve Bank of Zimbabwe (RBZ) injects an extra $1 billion to satisfy legitimate demand for coins and small notes, but still make it impractical to use cash for larger transactions. RBZ Governor Dr John Mangudya said yesterday that the $2 bond coins and $2 and $5 notes being eased into circulation will, when added to $855 million bond notes and coins already in use, bring issued cash to just under 10 percent of total deposits in both local and foreign currency.
170 illegal forex dealers arrested
www.herald.co.zw October 25, 2019
About 170 illegal foreign currency dealers have been arrested countrywide since last week as police intensify a campaign against currency trading which caused volatility in the prices of basic commodities.
ZACC to swoop on retailers, food outlets
www.chronicle.co.zw September 06, 2018
THE Zimbabwe Anti-Corruption Commission (ZACC) will soon investigate fast food outlets and retailers suspected to be hoarding cash and failing to bank their daily takings. The probe would be part of the broader fight against corruption, which has been blamed for frustrating economic progress in the country.
RBZ gets $400m to ease cash crisis
https://bulawayo24.com May 13, 2018
Cash shortages will ease in coming weeks after the Reserve Bank of Zimbabwe imported $400 million, while tobacco and gold export earnings are expected to boost liquidity.
Government goes after cash hoarders
www.financialgazette.co.zw March 29, 2018
Government has put a $10 000 cap on cash holdings by individuals, as the new administration seeks to bolster deposits and clamp down on a thriving currency black market.
No quick fix to cash shortages
http://businessdaily.co.zw December 11, 2017
Finance and Economic Planning Minister Patrick Chinamasa, last Friday said the prevailing cash shortages will not disappear "overnight", and urged people to be patient as Government starts implementing measures to address the shortage of banknotes.