The surprise cult of Modern Monetary Theory

By suggesting that there are no inherent limits to state spending, the imperfect concept has attracted a growing following. By Hattie O’Brien What makes money worth anything? The question sounds like a riddle. In 2009 the Zimbabwean newspaper […..

By suggesting that there are no inherent limits to state spending, the imperfect concept has attracted a growing following. By Hattie O’Brien What makes money worth anything? The question sounds like a riddle. In 2009 the Zimbabwean newspaper [...]

Update on Vice President Constantino Guveya Chiwenga’s health condition

An online newspaper which first broke the news that Vice President Constantino Guveya Dominic Nyikadzino Chiwenga had been airlifted to India on a health emergency has reported that the ailing Chiwenga has been unable to eat or talk for the past week. …

An online newspaper which first broke the news that Vice President Constantino Guveya Dominic Nyikadzino Chiwenga had been airlifted to India on a health emergency has reported that the ailing Chiwenga has been unable to eat or talk for the past week. Quoting unnamed government sources, ZimLIVE has reported that: “Last week, ZimLive heard from […]

FULL TEXT: Monetary Policy Statement presented by RBZ Governor John Panonetsa Mangudya

The Bank has taken note of the excellent contributions from the business community, bankers, the academia, the media and members of the public on the need to establish an inter-bank foreign exchange market to formalise the selling and buying of USDs th…

The Bank has taken note of the excellent contributions from the business community, bankers, the academia, the media and members of the public on the need to establish an inter-bank foreign exchange market to formalise the selling and buying of USDs through banks and bureau de change. This is essential in order to bring sanity […]

Zimbabwe Devalues its Quasi-Currency in FX Regime Overhaul

Zimbabwe’s government dropped its insistence that a quasi-currency known as bond notes trades at par with the dollar as it overhauled foreign-exchange trading and effectively devalued the securities. The measures are a step toward trying […]

Zimbabwe’s government dropped its insistence that a quasi-currency known as bond notes trades at par with the dollar as it overhauled foreign-exchange trading and effectively devalued the securities. The measures are a step toward trying [...]

RBZ introduces “RTGS Dollars”

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said RTGS, bond notes and coins are to be immediately denominated as ‘RTGS dollars’. He said the legal instrument giving effect to this has been prepared and […]

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said RTGS, bond notes and coins are to be immediately denominated as ‘RTGS dollars’. He said the legal instrument giving effect to this has been prepared and [...]