Zimbabwe to introduce gold-backed digital currency
In order to stop the recent significant depreciation of the Zimbabwe dollar on the black market, the RBZ is also thinking about putting more Mosi-oa-Tunya gold coins onto the market...
Tag : Zimbabwe
Zimbabwe increases benchmark rate: Citizens to face inflation’s ripple effect?
Of late, Zimbabwe has witnessed an increase in the prices of imported food, petrol, fertilizer, and other commodities....
Zimbabwe’s inflation control plan: Gold coins for everyone?
Recently, Zimbabwe's central bank gave 2,000 coins to commercial banks....
Mangwana Opportunities acquires 12.5 mn shares in Invictus Energy
The raised capital will be used for future exploratory and development work associated with the oil and gas project at Invictus Energy in Muzarabani...
POTRAZ wants to focus more on telecommunication sector
“Ours is a technology intensive sector and ICTs are now pervasive throughout the key sector our social and economic fabric such as health, security, manufacturing, tourism and transportation industry to name just a few," says POTRAZ Director General Dr Gift Machengete...
‘New Zimbabwe’ sees the end of almost four decades of Presidential rule
Robert Mugabe resigns, Emmerson Mnangagwa is the next probable President of Zimbabwe...
India demonetises currency to move away from cash
But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...