Tag: rbz
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US$1.62 Billion in Seven Months: Why Diaspora Remittances Are Zimbabwe’s Real Superpower
Read More: US$1.62 Billion in Seven Months: Why Diaspora Remittances Are Zimbabwe’s Real SuperpowerZimbabweans abroad sent home US$1.62 billion in just seven months, and unlike gold, tobacco or foreign investment, almost none of it leaks back out. Here’s why remittances have quietly become the country’s most reliable export.
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Robberies in Zimbabwe: An Alarming Trend and How to Protect Yourself
Read More: Robberies in Zimbabwe: An Alarming Trend and How to Protect YourselfZimbabweans have endured a turbulent economic landscape for the past two decades, a period marked by significant shifts in financial behaviour. Many who once placed their trust in traditional banking institutions have, unfortunately, borne the brunt of economic instability. This experience has led to a growing preference for keeping cash outside of formal banking channels,…
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The IMF’s Misguided Push for a ZiG Mono-currency: Why It’s a Terrible Idea for Zimbabwe
Read More: The IMF’s Misguided Push for a ZiG Mono-currency: Why It’s a Terrible Idea for ZimbabweThe International Monetary Fund (IMF), a globally respected institution staffed by learned technocrats, recently made a pronouncement that has raised more than a few eyebrows in Zimbabwe. According to a report by Bloomberg, the IMF wants to see the Zimbabwe Gold, or ZiG, “fully becoming a national currency.” On the surface, this sounds like a…
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ZimLoan is more expensive than your neighbourhood loan shark
Read More: ZimLoan is more expensive than your neighbourhood loan sharkZIMLoan has rapidly become a household name in Zimbabwe, offering accessible microloans in a country where traditional banking services are often out of reach. Our recent informal survey suggests that a significant portion of Zimbabweans have either used ZIMLoan or know someone who has. However, a growing chorus of complaints alleges that ZIMLoan’s advertised rates…
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Exchange Rate U-Turn: RBZ now says businesses can only use the official rate
Read More: Exchange Rate U-Turn: RBZ now says businesses can only use the official rateIn Zimbabwe’s fast-paced economic environment, policy pronouncements can shift in a matter of hours, creating confusion and uncertainty for businesses and consumers alike. Yesterday, we reported on what appeared to be a significant liberalisation of exchange rate policy, with Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu seemingly giving businesses the green light to…
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Zimbabwean businesses can now use whatever rate they want
Read More: Zimbabwean businesses can now use whatever rate they wantHere at Zimpricecheck.com, we keep a close eye on the ever-changing economic landscape of Zimbabwe. Recently, a significant, if somewhat quietly announced, development has occurred: the Reserve Bank of Zimbabwe (RBZ) has effectively liberalised the use of exchange rates for pricing. This means businesses now have greater freedom to set prices based on their own…
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Torn and worn USD notes are suddenly being accepted again
Read More: Torn and worn USD notes are suddenly being accepted againThere appears to be a shift in attitudes toward the acceptance of torn and soiled United States dollar notes in Zimbabwe. Recent observations suggest that more businesses, particularly smaller vendors, are now accepting these notes at face value. This is welcome news for consumers who have struggled with the stigma attached to less-than-perfect currency. But…
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2025 PAYE Changes: ZIMRA’s New Employee System – What You Need to Do Now
Read More: 2025 PAYE Changes: ZIMRA’s New Employee System – What You Need to Do NowThe Zimbabwe Revenue Authority (ZIMRA) continues its push for increased tax compliance, this time targeting how companies manage their payrolls. With the introduction of the new Employee Management Module, businesses will face stricter regulations on how they register employees, declare earnings, and remit Pay As You Earn (PAYE) tax. This is not just a minor…
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OK Zimbabwe is not leaving Zimbabwe, it is shutting down six branches
Read More: OK Zimbabwe is not leaving Zimbabwe, it is shutting down six branchesIt’s no secret that OK Zimbabwe, a household name in the country’s retail sector, is facing significant challenges. While rumours of a complete withdrawal from Zimbabwe have been circulating, these are unfounded. The truth is that OK Zimbabwe is not leaving; instead, it is taking drastic measures to stay afloat, including closing five of its…