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Zimbabwe

RBZ's Gono warns on parallel market forces

Reserve Bank of Zimbabwe governor Dr Gideon Gono warned Thursday 22 March of the existence of "stronger forces" on the parallel market that are fuelling the slide of the Zimbabwe dollar against major currencies.

No economic recovery without political reform

According to this article published by The Zimbabwean on Thursday 22 February, despite Reserve Bank of Zimbabwe governor Gideon Gono's admission of the failure of his fire fighting economic policies, it is abundantly clear that the root cause of the…

Gono hits bull's eye

This article from the Financial Gazette, published Thursday 8 February, says the heated debate rages on after Reserve Bank of Zimbabwe governor Gideon Gono refused to budge an inch on devaluation.

Zimbabwe's Gono says he is unpaid

In reply to a question to Reserve Bank of Zimbabwe governor Gideon Gono on the New Zimbabwe.com web chat on Wednesday 6 December, Gono revealed he has not been paid since taking up the post at the central bank.

Gono: Zimbabwe losing inflation battle

Reserve Bank of Zimbabwe governor Gideon Gono said in an interview published Monday 23 October there were several factors that were outside the central bank's control, which made it difficult to control inflation.

Zimbabwe currency swap hits deadline

Zimbabwe's old currency ceased to become legal tender at midnight on 21 August, as the deadline ran out for citizens to exchange their notes for new denominations with three less zeroes.

Zimbabwe's Gono warns of 'inflation dragon'

Reserve Bank of Zimbabwe chief Gideon Gono urged Friday 11 August a fight against the "inflation dragon," saying it still posed a major threat to the economy although the rate has fallen back to just under 1 000% recently.

Zimbabwe seizes trillions of old notes

State media reported on Wednesday 9 August that Zimbabwe security agents had seized more than Z$10-trillion (about $40m) in old banknotes at the country's main airport in a campaign against money laundering.

Mugabe backs RBZ's Gono

Reserve Bank of Zimbabwe governor Gideon Gono has become so unpopular that some ruling party officials want him dead, President Robert Mugabe was quoted as saying in the Herald newspaper on Wednesday 26 July.

RBZ's Gono sees 'dramatic' economic recovery

Zimbabwe's struggling economy is set for a "dramatic" recovery in the next two to three years on the back of expected growth in mining and commercial farming, central bank governor Gideon Gono said in an interview with Reuters on Wednesday 5 July.

Comment: Zimbabwe's mystery repayment

Two weeks ago the Zimbabwean government managed to avoid expulsion from the IMF by paying off a large chunk of its debt to the Fund. However, the source of the forex-depleted government's finances remains a mystery.

Z$50 000 bank note coming to Zimbabwe

Zimbabwe's inflation ravaged citizens will soon have a new Z$50 000 bank note to make shopping easier, central bank governor Gideon Gono announced on Tuesday 24 January.

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