Rand

Rand is the only solution to Zim’s cash problems NOT BOND NOTES

The rand from neighbouring South Africa could be the panacea to Zimbabwe’s cash challenges, as it can be used without joining the Common Monetary Area and is also part of the multicurrency basket, a...
Bond Notes kuti Mumame

Human Rights lawyers challenge BOND NOTES introduction

ZHLR - The Zimbabwe Lawyers for Human Rights have approached the High Court seeking an order to stop the introduction of bond notes, hardly a week after a similar challenge was launched by businessman,...
WHOLESALER METRO PEECH DEMANDS CASH ONLY

WHOLESALER METRO PEECH DEMANDS CASH ONLY

Metro Peech Wholesalers in Bulawayo says plastic money and Real Time Gross Settlements (RTGS) platforms from customers are not acceptable.This is because suppliers of the cooking oil are only accepting cash.Cooking oil is one...
governor mangudya

BOND NOTES TO STAY UNTIL ZIM-DOLLAR RETURNS

The Reserve Bank of Zimbabwe (RBZ) said bond notes, which are due for introduction this month, will remain in circulation for as long as the country does not have its own official currency.The central...
Finance minister Patrick Chinamasa

Beware of FAKE BOND NOTES – Patrick Chinamasa

Zimbabwe's Finance Minister, Patrick Chinamasa says fake bond notes have been printed in Zimbabwe by unscrupulous characters.They plan to coincidentally release when the real bond notes are injected into the economy. “You may not be...
STANBIC BANK

STANBIC BACKS DOWN AFTER TERMS & CONDITIONS SAGA

STANBIC BACKS DOWN AFTER TERMS & CONDITIONS SAGA | Stanbic Bank Zimbabwe Limited has backed down after a furious reaction to its changing the terms and conditions of following the bond notes law decreed by...
Terms and Conditions

Collateral damage over BOND NOTES #STANBIC

Stanbic Bank Zimbabwe Limited is set to amend its terms and conditions, which will put withdrawal restrictions and make customers acknowledge that a deposit may not be immediately available for withdrawal.In a notice to...
Bond Notes

Bond Notes will NOT SAVE ZIMBABWE CASH CRISIS

Zimbabwe’s economy is, once again, at a virtual standstill owing to a debilitating cash crisis that can only be rivaled by the 2008 liquidity disaster that forced the country to abandon its own currency.Desperate...
RBZ BANS RTGS TRANSFERS TO AVOID CASH BURNING #BONDNOTES

RBZ BANS RTGS TRANSFERS TO AVOID CASH BURNING #BONDNOTES

Real Time Gross Settlement (RTGS) transfers by third parties has been banned by the Reserve Bank of Zimbabwe.The bank wants to curb illicit cash dealings that are blamed for frustrating efficiency in the financial...

DON’T SIGN NEW BANK TERMS & CONDITIONS, THEY CAN’T FORCE BOND NOTES DOWN OUR...

Do not sign any new terms of conditions from your bank. It's your right to refuse, Mahere said.And - we must object to any changes to the existing terms and conditions. Surely they must...
bond notes

People RUSH to Withdraw MONEY as BOND NOTES LAW IS PASSED

Panicking depositors rushed to withdraw their money yesterday after government’s promulgation of Statutory Instrument (SI) 133 of 2016 to legalise the introduction of bond notes, with legal experts describing President Robert Mugabe’s move as...
US$ DEBTS TO BE PAID BACK IN BOND NOTES: MINISTER

US$ DEBTS TO BE PAID BACK IN BOND NOTES: MINISTER

US$ DEBTS TO BE PAID BACK IN BOND NOTES: MINISTER | Finance minister, Patrick Chinamasa has said anyone owed money in US dollars will now be repaid in bond notes.He said with the promulgation...

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