Dollar at 2-month highs as markets weigh rate hikes, Iran diplomacy
The dollar rose to its strongest level in two months on Wednesday on prospects of interest rate hikes in the near term, although easing oil prices could alter the global inflation and monetary policy outlook.
World Bank warns Zimbabwe against rush to make ZiG sole currency
The World Bank cautioned Zimbabwe against rushing to end the use of dollars in the economy as it could trigger capital flight.
Market sentiment and confidence vital to Zimbabwe’s mono-currency shift: CZI
The Confederation of Zimbabwe Industries (CZI) says the central bank is managing monetary policy well, but it must still consider market sentiment and build confidence for the mono-currency transition.
Zimbabwe’s Treasury warns TB holders, creditors against engaging debt consultants
Zimbabwe’s Finance Ministry has warned Treasury Bill (TBs) holders and creditors – suppliers and contractors – against engaging consultancy firms to recover outstanding payments from government ministries, departments and agencies (MDAs).
Southern Africa payments hub eyes more currencies to boost trade
A multibillion-dollar cross-border payments platform serving southern Africa plans to expand beyond the South African rand and Angolan kwanza, widening the range of currencies it supports to lower transaction costs and boost trade.
Masimba raises concern over ZiG payments
Masimba Holdings has raised concern over government’s decision to settle contractor payments exclusively in ZiG, warning that the policy could create cash-flow pressures and complicate project planning as many costs remain denominated in US dollars.
Zim currency is deeply undervalued: Central bank governor
“It’s a function of confidence of the market in the central bank, and we’re still trying to rebuild that confidence. We had lost it and we’re trying to rebuild it,” Reserve Bank of Zimbabwe governor John Mushayavanhu said.
Zim businesses rush offshore for cheaper credit
The Reserve Bank of Zimbabwe (RBZ) says the country’s private sector borrowed a record US$3,53 billion from foreign banks and financial institutions in 2025, a 43 percent jump from the US$2,46 billion secured in 2024, as businesses increasingly look beyond the country’s borders for more affordable and accessible credit.