Zimbabwe's Bold Move: $215 Million Collected from Exporters to Boost ZWL Currency

In a significant financial initiative, the Reserve Bank of Zimbabwe has collected a staggering $215 million from exporters, aiming to fortify the national currency, the Zimbabwean dollar (ZWL). This bold move is part of a broader strategy to stabilize the country’s economy, which has been grappling with hyperinflation and a reliance on foreign currencies.

Continue reading

Zimbabwe’s Inflation Rate Declines as ZimDollar Stabilizes

Zimbabwe has witnessed a noteworthy decrease in its inflation rate, which has long plagued the economy and affected the daily lives of its citizens. As per recent data, the inflation has dropped to a significant 164.2% in November from a staggering 320.9% just a month earlier. This decrease indicates a potential easing of the economic turmoil that has been prevalent in the country for decades.

Continue reading