Zimbabwe’s economy is definitely an interesting one with the multi-currency system, shortage of foreign currency and the trending away from Bond notes. With the multi-tiered pricing and recent shortages, one thing that has stood out is that cash is king and more in particular, US dollars. It is no secret that a large percentage of […]
Our economy has been through all sorts in the last few years. It’s has gone from a functional Zimbabwe dollar to a dysfunctional dollar that saw unprecedented levels of hyperinflation that caused all sorts of chaos. It got to a point where it didn’t make sense to transact in our own currency where trillion dollar […]
HARARE – By David Hwangwa The Reserve Bank of Zimbabwe governor, Dr. Gideon Gono once revealed that he had nightmares over the zeros he had slashed on the Zim dollar. Tales of the dreaded Zim dollar evoke several emotions amongst the people. The majority would not even want to hear even the slightest mention of […]
During the 2009/2010 festive season, US$1 could have instantly made you US$100,000 richer. How? All you had to do was buy a scratch card from the State Lotteries and all going well you could have won that amount. Another popular game that was introduced was Bingo which people could play Monday to Saturday from 11am […]
Zimbabwe’s economy might be in the doldrums but there are people there who are making a lot of money. Patrick M at Zimbablog wrote an article on ways of making money in Zimbabwe, “The 13 best ways to make money in Zimbabwe”. He outlines a few things that people have been doing to make themselves […]
At the start of 2007 ZW$10,000 notes were selling for about US$50 on Ebay and a number of people took advantage and sold the notes for more they were worth. With the introduction of the $100 Billion Dollar note ($100,000,000,000), selling notes for more than they are worth is happening again. As of today, there […]
US $1 is now worth ZW $2,000,000 on the black market. Inflation is said to be around 15,000% (independent analysts put it much higher). Is it all a result of Mugabe’s mismanagement and controversial policies? Mugabe recently said that Zimbabwe’s economy would not collapse. What marks the collapse of an economy? The economy has been […]
One US Dollar will get you One Million Zimbabwe Dollars. That is just ridiculous!! I checked the official bank rate about two to three weeks ago and it was ZW $30,000 to US$1. The official rate doesn’t really mean much for everyday people in Zimbabwe because you can’t get yourself any foreign currency at the […]
