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The #Zimbabwe Bond Notes Fraud Explained

Laughing all the way to the bank: Dear Reserve Bank Governor John Magudya, How many bond notes have you released onto the market already? Please be honest with us Governor. When we take the serial numbers on each note we find that they start with 2 letters and end with …

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#Zimbabwe cash shortages can only get worse

The announcement by the Reserve Bank of Zimbabwe (RBZ) that it will more than double its issuance of bond notes put paid to any hopes that the monetary authorities will one day come up with a lasting solution to the cash crisis that has haunted the country for almost two …

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Zimbabwe: What on earth is going on?

Zimbabwe: What on earth is going on? Eddie Cross says the country is experiencing a potent mix of economic and leadership failure What on earth is going on? I have always said that if you think you know what is happening in Zimbabwe, you have not been here long enough. …

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#Zimbabwe, From Disaster To Disaster

Zimbabwe, From Disaster To Disaster Steve Hanke , CONTRIBUTOR I cover economics and finance.  Opinions expressed by Forbes Contributors are their own. The Zimbabwe Independent RBZ bond notes have replaced everyday USD in Zimbabwe. In 2008, Zimbabwe suffered the second most severe case of hyperinflationin modern history. Its annual inflation reached 89.7 sextillion (1023) …

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Zimbabwe’s Bumper Harvest: A Victory for Black Empowerment

Zimbabwe’s Bumper Harvest: A Victory for Black Empowerment Whereas the expectation was for Zimbabwe to perform poorly until at least 2020, in 2017, black farmers who took back their land have proved naysayers wrong. In the June 2002 article “From breadbasket to basket case,” the Economist wrote, “…Zimbabwe is facing …

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Exposed: Zimbabwe Bond Notes A Big Lie and Fraud

By Matt E.T. Matigari, HARARE, July 26 (The Source) – The Reserve Bank of Zimbabwe (RBZ), and its principals, are solely responsible for the most extensive and sustained drain of wealth and destruction of people’s welfare in Zimbabwe’s colonial and post-colonial history.   Between 2004, (when Gideon Gono took over …

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#Zimbabwe to charge 150% duty for second-hand vehicles

‘150% duty for second-hand vehicles’ SPEAKER of the National Assembly Jacob Mudenda wants the Zimbabwe Revenue Authority (Zimra) to charge 150% in customs duty on second-hand vehicles, claiming Zimbabwe has become Japan’s largest warehouse of used cars. BY TATIRA ZWINOIRA Speaker of the National Assembly Jacob Mudenda speaks at the …

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Multichoice -DSTV cuts services to Zimbabwe

ZIMBABWE’S crippling cash shortage is deteriorating to the point where SA companies operating there are not getting their money out. At a personal finance level, Zimbabwean households are battling to pay their creditors on time – if at all. Zimbabwe’s Steward Bank has suspended the Zimbabwean subsidiary of South African …

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