Reserve Bank of Zimbabwe – newzimbabwevision

GOVERNMENT finally evicts ‘white Beitbridge farmer, George Watson’, from his 2 000-hectare banana-producing Double O Ranch

Posted on October 20, 2016 by newzimbabwevision

, GOVERNMENT has finally kicked out embattled Beitbridge farmer, George Watson, from his 2 000-hectare banana-producing Double O Ranch, although it is still unclear, who the property has been allocated to. The distraught Watson confirmed the farm takeover yesterday, saying a provincial lands officer, only identified as Dodzi, had personally delivered the eviction notice. “It’s the sad reality, I am confused, but I will not resist, I can’t fight the government. I have until February…

Reserve Bank of Zimbabwe is importing at least US$10 million weekly and wants to introduce bond notes to ease cash shortages.

Posted on September 11, 2016 by newzimbabwevision

THE United States has set in motion a plan to “collapse the Zimbabwean economy overnight” by restricting US dollar imports into the country, our Harare Bureau has gathered. Part of this plot involves violent street protests against the scheduled introduction of bond notes aimed at easing US dollar cash shortages that began in April 2016. However, US Zimbabwe Embassy spokesperson Ms Karen Kelly could not be reached for comment yesterday. But Finance and Economic…

State Security minister Kembo Mohadi’s wife, Senator Mohadi invades Double O Ranch in Beitbridge

Posted on September 4, 2016 by newzimbabwevision

Beitbridge senator Tambudzani Mohadi, Zanu-PF Matabeleland South provincial chairperson Rabelani Choeni and a few villagers last week, in defiance of presidential directives, allegedly invaded Double O Ranch in Beitbridge. The property is the only farm in Matabeleland South with a successful banana and tomato cultivation project funded by a loan from the Reserve Bank of Zimbabwe. Owner of the farm, George Watson (Jnr) confirmed that Mohadi, who is State Security minister Kembo Mohadi’s wife,…

Zimbabwean Banks Run Out Of Rands, Yuan And U.S Dollars

Posted on June 22, 2016 by newzimbabwevision

Zimbabwe is experiencing serious shortages of the South African rand and Chinese yuan as the country attempted Monday to shift to these currencies to address the current critical shortages of cash, especially the United States dollar. Bank queues are now the order of the day in a nation with a fast declining economy due to subdued industrial production, low exports, lack of foreign direct investment and other issues. Several banks started dispensing the South African…

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…

Thousands Of Pensioners Stranded At Post Offices As Cash Externalisation Bites

Posted on May 14, 2016 by newzimbabwevision

Thousands of pensioners were stranded at the Post Office Servings Bank after failing to access money from the bank. This comes as the country faces serious cash shortages which the Reserve Bank of Zimbabwe blames on the externalisation of money by some unscrupulous people. After failing to access their pensions at the POSB branches in Harare, hundreds of people, most of them elderly told the ZBC News that they had no money to go back…

‘ Zimbabweans Urged To Withdraw All Cash Before Worthless Bond Notes Conversion Wipes Out Savings’

Posted on May 12, 2016May 12, 2016 by newzimbabwevision

Zimbabweans have been urged to immediately withdraw all their cash in banks. Zimbabwe Informal Sector’s Organization Director Promise Mkwanazi made the call to all those in the informal sector saying the introduction of Bond notes will wipe all their savings. “The people in the informal sector must with immediate effect withdraw their money from the banks and secure it elsewhere as we assess the situation” he said. “History has it that when we transited from…

‘Former Reserve Bank Of Zimbabwe Govenor ‘Gono Stole Cash,’ Munyaradzi Kereke

Posted on April 30, 2016 by newzimbabwevision

Bikita West legislator Munyaradzi Kereke (zanu-pf) yesterday said he never stole a cent from the Reserve Bank of Zimbabwe and challenged anyone who lost even a goat to come forward. During cross-examination in his rape trial, Kereke said former RBZ Governor Gideon Gono did not know that he would be exposed because a thief can never anticipate. “Gono stole my $100 000 at my Renaissance Bank account when I was in Chiredzi. He is a…

‘Western Sanctions , Are A Major Impediment To The Achievement Of Sustainable Development Goals’-Mugabe

Posted on April 22, 2016 by newzimbabwevision

PRESIDENT Mugabe has called on Western countries to drop the course of destructive engagement of punitive economic sanctions in favour of friendship and co-operation to help the world move towards achieving Sustainable Development Goals. SDGs, officially known as “the 2030 Agenda for Sustainable Development,” are an intergovernmental set of aspirational goals with 169 targets adopted by the United Nations General Assembly following the lapse of Millennium Development Goals in 2015. SDGs, which constitute the post-2015…

‘Mugabe Has Blown US$20 Million On Foreign Trips In 3 Months’-Former Finance Minister ‘Tendai Biti’

Posted on April 12, 2016 by newzimbabwevision

Former Finance minister and People’s Democratic Party (PDP) leader Tendai Biti has sensationally claimed that President Robert Mugabe has this year alone blown almost $20 million on foreign trips. Biti, who was the Finance minister during the inclusive government era from 2009 to 2013 and clashed on several occasions with Mugabe over constant foreign travels, told journalists at his Harare offices yesterday, that Zanu-PF has now run out of ideas to manage the country. As…

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