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Zimbabwean Government scraps 5cents tax for transactions below $10

Those of us who make it a habit to study their bank statements carefully every week know that the government levies 5 cents on each and every electronic transaction that you make. We mean every transaction. For relatively high value transaction like a $10 purchase at a supermarket that seems like nothing. Paying 5 cents to the government every time [...]

By |2018-01-26T09:37:39+02:00January 26th, 2018|Categories: Business, Finance, News|Tags: , , |Comments Off on Zimbabwean Government scraps 5cents tax for transactions below $10

The RBZ clarifies what the government means by illegal externalization

So on of the things Zimbabwe's new not so new government did when they came in or rather returned was to issue a warning to people who had externalized foreign currency and assets illegally. President Mnangagwa even went so far as to say he and his government knew the names of the major externalisers. He went further to issue a [...]

By |2018-01-03T07:00:38+02:00January 3rd, 2018|Categories: Business|Tags: , , , |Comments Off on The RBZ clarifies what the government means by illegal externalization

Calculating the value of bond notes

The Reserve Bank of Zimbabwe keeps on insisting that bond notes have the same value with US dollars. We examine this assertion and try to calculate the real value of bond notes against other currencies. Disclaimer The Exchange Control (Amendment) Regulations, 2017 (No. 5)  makes it illegal to trade in foreign currency at rates that are different from those set [...]

By |2017-10-14T10:46:22+02:00October 14th, 2017|Categories: Business, Tips|Tags: , , , |Comments Off on Calculating the value of bond notes