Currency Stabilization Task force confirms mishandling of the economy, says Mashakada

By Dr Tapiwa Mashakada The causes of macroeconomic instability and monetary policy effectiveness have long been identified. These are (a) a debauched mono currency which has been rejected by the market (b) failure to de-dollarize because the market has self dollarized (c) inadequate forex to sustain a market-driven but managed float and hence the buoyance …

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Wither Zim’s debt plan

By Staff Writer Zimbabwe’s prospects of accessing long-term concessionary funding from international financial institutions has been thrown into disarray after the southern African country missed key benchmarks in its reform drive, analysts have warned. The country is saddled with a debt stock of $16,9 billion, with external debt accounting for approximately $7,4 billion. Out of …

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Act on economy, stop wishing and praying, Mangudya told

By Nkanyiso Ncube Shurugwi South legislator Edmond Mkaratigwa has told Reserve Bank governor John Mangudya to act on the economy by introducing meaningful measures and stop wishing and praying for inflation to go down. According to Mkaratigwa, all he is hearing from the RBZ boss were wishes and prayers which he said will not inspire …

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Act on economy, stop wishing and praying, Mangudya told

By Nkanyiso Ncube Shurugwi South legislator Edmond Mkaratigwa has told Reserve Bank governor John Mangudya to act on the economy by introducing meaningful measures and stop wishing and praying for inflation to go down. According to Mkaratigwa, all he is hearing from the RBZ boss were wishes and prayers which he said will not inspire …

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New Currency/Notes: Who should we believe, Mangudya or Mthuli?

By Staff Reporter Zimbabweans find themselves at crossroads, unsure whether to believe Reserve Bank of Zimbabwe Governor John Mangudya or Finance Minister Mthuli Ncube on the currency issue. Mangudya had told the media at a press conference that the country will be introducing a new currency that will circulate alongside the Bond Notes, however, his …

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