BUSINESS NEWS

Zimbabwean designs unique Nelson Mandela coins

THE recently-released limited edition of bank notes and coins to mark celebrated late South African leader Nelson Mandela's 100th birth anniversary were designed by a Zimbabwean - Sindiso Nyoni.Nyoni ...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

Traders reject bond coins

SOME retail shops are now rejecting bond coins as the surrogate currency introduced by the Reserve Bank of Zimbabwe (RBZ) in 2014 continues to lose value on the parallel market.Confederation of Zimbab...

By Staff reporter | Published: 02 May 2018

BUSINESS NEWS

Foreign notes, coins in banks decline

THE amount of foreign notes and coins in the commercial banking system slumped to $679,3 million during the year to December 31, 2017, from $1,3 billion at the close of 2016, central bank data has rev...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Bitcoin tumbles as digital coins resume slide

Hong Kong - Bitcoin slumped as much as 20%, giving more impetus to a January selloff in cryptocurrencies, after South Korea's finance minister repeated that the country may ban trading in one of the w...

By Bloomberg | Published: 16 January 2018

BUSINESS NEWS

RBZ receives 126 drums of bond coins

The South African Mint Company (SA MINT) which is the official mint of South Africa has dispatched 126 drums of 50 cent bond coins to the Reserve Bank of Zimbabwe. The 50 cent bond coins a worth slig...

By Staff reporter | Published: 20 September 2017

FINANCIAL SERVICES

CZI calls RBZ to release bond coins not notes

INDUSTRY lobby group, the Confederation of Zimbabwe Industries (CZI) has called on the Reserve Bank to release the additional $300 million, not in notes but in coins as a way of countering the black m...

By Staff reporter | Published: 15 September 2017

FINANCIAL SERVICES

RBZ engages 'bond coins' distributor

The Reserve Bank of Zimbabwe (RBZ) has engaged Easylink Money Transfer Agent (Easylink) to compliment banks in the distribution of the recently launched bond coins.Easylink - a money transfer unit own...

By Staff reporter | Published: 07 June 2015

ZIMBABWE

'Zim's only reserves are $500 000 of gold coins'

 Zimbabwe is holding gold coins valued at $501,390 as its only reserves, enough to buy only 1,400 tonnes of maize, the finance minister has said, highlighting the parlous state of the country's f...

By Staff reporter | Published: 06 March 2014

AFRICA BUSINESS

South Africa introduces new R2 coin

Johannesburg - The South Africa Reserve Bank (Sarb) on Wednesday introduced a new R2 coin commemorating the centenary of the Union Buildings.The coins would be released for circulation and as part of ...

By Sapa | Published: 18 December 2013

BUSINESS NEWS

'Bring back Zimdollar coins,' says CZI

Johannesburg - Zimbabwe's manufacturers asked the government to cut taxes and mint coins to boost demand for local goods, stimulate the economy and help reduce the perception of risk in the economy....

By Bloomberg | Published: 20 August 2013

BUSINESS NEWS

Gono speaks on gold coins he was accused of stealing from bank's vaults

Central Bank Governor Gideon Gono on Tuesday displayed the gold coins which he was alleged to have stolen from the bank's vaults to refute the allegations.Addressing journalists, Dr Gono said the a...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

RBZ parades Zimbabwe's historic gold coins

THE board of the Reserve Bank of Zimbabwe (RBZ) has denied claims that historic gold coins had gone missing.The allegations, first made by Munyaradzi Kereke, the former adviser to Reserve Bank gover...

By Staff reporter | Published: 10 June 2013
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