Zimbabwe inflation rate rises to 191.6% in June, records continue to tumble
Zimbabwe's annual inflation rate accelerated to 191.6% in June, more than double the rise in consumer prices two months ago, official statistics showed on Saturday.
Mthuli Ncube
WorldRemit suspends bank transfers to Zimbabwe
International money transfer and remittance services company WorldRemit has announced the suspension of bank transfers and building society transfers from their service in Zimbabwe.
Zimbabwe economic growth projections reduced to 3,5pc for 2022
Zimbabwe's economy will grow by 3.5% this year, well below the 6.3% forecast for 2021 according to African Development Bank (AfDB), as the country struggle to avoid setbacks due to foreign currency shortages.
Zimbabwe’s inflation rate hit 131.7% in May, rise attributed to war in Ukraine
Zimbabwe's inflation rate hit 131.7% in May, the statistics office said on Wednesday, as the aftermath of war in Ukraine hit an already struggling economy.
Zimbabwe plunged into further economic crisis after Mnangagwa’s ill-informed address
Recent economic statements by President Emmerson Mnangagwa and Finance minister Mthuli Ncube have reportedly caused shortages of most locally produced commodities at retail outlets.
Mnangagwa announces measures to curb exchange rate crisis
President Emmerson Mnangagwa announced several measures to halt the rapid decline of the local currency on Saturday evening but claimed Zimbabwe was under attack from economic hitmen.
Zimbabwe introduces $100 bank note amid soaring inflation
The Reserve Bank of Zimbabwe (RBZ) will introduce a new 100 ZWL note following the issuance of Statutory Instrument 68A by the Minister of Finance and Economic Development in 2022.
Businesses Refusing Zimdollar Face Arrest
HARARE – Zimbabwe will not adopt the United States dollar as the country’s sole currency, but will work to progressively defend the value of the local unit, while businesses that refuse to accept the Zimbabwe dollar risk arrest, Finance and Economic Development Minister, Professor Mthuli Ncube, has said.
Central Bank Approves Black Market Rates
Retailers can continue to use parallel market exchange rates, Reserve Bank of Zimbabwe governor John Mangudya said in a statement issued on Monday.
IMF Disburses US$1 Billion Special Drawing Rights Fund To Zimbabwe
HARARE - The country on Tuesday received its US$1 billion allocation of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), with part of the critical recourses set to go toward revamping sectors such as health, manufacturing, education agriculture and minerals resource extraction.
