Afreximbank – newzimbabwevision

‘The new currency of Bond notes has ran out at most commercial banks’- Reserve Bank of Zimbabwe

Posted on December 5, 2016 by newzimbabwevision

Barely a week after the Reserve Bank of Zimbabwe introduced bond notes, the new currency has ran out at most commercial banks.Barely a week after the Reserve Bank of Zimbabwe introduced bond notes, the new currency has ran out at most commercial banks. Last week, the central bank released about $12 million of new cash. “The banks have run out of bonds notes in their vaults. We will be having a meeting with the…

SOCIAL MEDIA VICTORY! -Chinamasa Claims ‘My Son Never Attempted To Smuggle US$7m, To South Africa’,

Posted on June 2, 2016June 2, 2016 by newzimbabwevision

Claims on social media that Finance Minister Patrick Chinamasa’s son was arrested at Beitbridge Border Post while trying to smuggle out $7 million are false and meant to undermine the minister’s efforts in turning around the economy. Minister Chinamasa dismissed the allegations in a statement saying they were deceitful. “There have been rumours circulating in the social media about the alleged arrest of my son for allegedly trying to smuggle $7 million cash through…

Zimbabwe To Secure US$200 Million Loan From Afrexim Bank To Ease Cash Shortages

Posted on April 17, 2016 by newzimbabwevision

Zimbabwe will soon get US$200 million from Africa Export-Import Bank to ease cash shortages that beset some towns and cities over the weeks. The money will be released from Afreximbank’s nostro and export facility following discussions with the Reserve Bank of Zimbabwe. A nostro account is a bank depository held in a foreign country and denominated in the currency of that land. Such accounts essentially facilitate import and export payments, especially in the case…