By admin on Apr 5, 2009 in Uncategorized | 0 Comments
From The Sunday Standard – by Pindai Dube, 5th April 2009
Chaos has rocked Zimbabwe’s central bank as dollarization continues to take its toll rendering local currency useless and workers have taken the bank governor to court for failing to pay them.
Since the dollarization of the economy started late last year, the Reserve Bank of Zimbabwe [...]
By admin on Apr 2, 2009 in Featured | 0 Comments
From ZimEye.org – By Murombo Zengeya, 2nd Apri, 2009
Harare, ZimEye, Reserve Bank of Zimbabwe Governor Gideon Gono has been dragged to court over his failure to pay workers at the central bank for the past three months.
A court application filed at the Bulawayo labour court by the RBZ’s workers council noted that apart from pay [...]
By admin on Jan 22, 2009 in Featured | 1 Comment
From IRIN, 21 January 2009
JOHANNESBURG – The Zimbabwe dollar now seems to have lost all its appeal, and calls for the adoption of a foreign currency to replace the struggling monetary unit and put an end to the country’s crippling hyperinflation are becoming louder.
“We have to accept the economy has been ‘dollarised’ and all companies [...]
By admin on Dec 5, 2008 in Uncategorized | 0 Comments
From Reuters
Thu 4 Dec 2008
HARARE (Reuters) – Zimbabwe’s central bank on Thursday injected 80 trillion Zimbabwe dollars in new bank notes into the economy in a bid to end cash shortages that have seen hordes besieging banks amid a deepening economic crisis.
Zimbabwe has the highest inflation rate in the world, officially above 231 million [...]
By admin on Dec 5, 2008 in Uncategorized | 0 Comments
From The Chronicle
RESERVE Bank of Zimbabwe (RBZ) Governor Dr Gideon Gono yesterday met the Zimbabwe Congress of Trade Unions (ZCTU) leadership in Harare to discuss problems facing workers and Zimbabweans at large as a result of the cash shortages.
The meeting came after the ZCTU had called for a countrywide demonstration, demanding the removal of maximum [...]
By admin on Dec 2, 2008 in Uncategorized | 0 Comments
From The Zimbabwe Times
December 1, 2008
ZCTU secretary-general, Wellington Chibhebhe
By Raymond Maingire
HARARE – The Zimbabwe Congress of Trade Unions (ZCTU) says it will proceed with the strike action on Wednesday despite this week’s increase in cash withdrawal limits announced by the Reserve Bank of Zimbabwe.
The militant labour representative group announced last week it would lead [...]