Political largesse broke the Reserve Bank of Zimbabwe; now the state wants the public to fill up the coffers, but they are not amused.
High-level sources say the former Reserve Bank governor looks certain to become finance minister.
A former Reserve Bank adviser has asked Zimbabwe’s Constitutional Court to verify his claims that millions were stolen during Gideon Gono’s tenure.
The central bank governor’s term ends this month but if President Robert Mugabe asks him to stay on again, he might.
The recently launched mobile banking platform EcoCashSave could further shake a banking sector already reeling under financial strain.
Allegations of corruption levelled against Reserve Bank governor Gideon Gono have returned to haunt the sacked Zanu-PF MP Munyaradzi Kereke.
Zimbabwe Reserve Bank governor Dr Gideon Gono says the government has no plans to reintroduce the local currency in the near future.
Implats has taken "legal advice" to protect its rights.
The Zimbabwean government is pushing to revive Interfin Banking Corporation because it owes it millions.
Indigenisation Minister Saviour Kasukuwere and Reserve Bank of Zimbabwe governor Gideon Gono are locked in a battle over indigenisation policy.
Unstable policies have resulted in Zimbabwe’s citizens relying more on cash and shying away from depositing their money in banks.
The Reserve Bank of Zimbabwe is severely hamstrung by a debt bill of $1.5-billion.
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/ 7 December 2010
Zimbabwe’s central bank will lay off 74% of its workers as part of a drive to return focus to its core role as a monetary authority.
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/ 29 October 2010
Speculating about the alleged misfortunes of their leader is a national pastime for Zimbabweans.
Governance at Zimbabwe’s central bank must be strengthened and its role refocused after the country abandoned its local currency, the IMF says.
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/ 19 November 2009
Zimbabwe’s lower house of Parliament has passed a Bill to reform central bank operations that will reduce the powers of its governor.
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/ 23 September 2009
Zimbabwe’s central bank chief on Wednesday accused Finance Minister Tendai Biti of stalling the distribution of -million received from the IMF.
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/ 5 September 2009
Zimbabwe’s crippled economy received a boost when the IMF sanctioned a -million loan, its first to the country in a decade.
Zimbabwe’s central bank governor on Thursday proposed bringing back the worthless local currency and ensuring its value by backing it with gold.
Zimbabwe Reserve Bank Governor Gideon Gono has slammed some local banks for allegedly holding on to millions of US dollars.
Zimbabwe’s central bank chief, who presided over world-record hyperinflation, will keep his job despite objections raised within the unity government.
Zimbabwe’s central bank governor admits he took money from the bank accounts of private businesses and foreign aid groups without permission.
Zimbabwe’s central bank governor said the country must repay debts to multilateral institutions, restore donor relations and push through reforms.
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/ 8 February 2009
Gideon Gono, governor of the Reserve Bank of Zimbabwe, seems determined to cling to his job amid mounting opposition clamour for his removal.
Zimbabwe rolled out a new set of banknotes and coins on Friday to ease the effects of a ravaging economic crisis.
Zimbabwe will re-denominate its dollar by removing 10 zeros from August 1, central bank Governor Gideon Gono said on Wednesday.
Even for those who are not Robert Mugabe’s nearest and dearest will see shopping trips to Europe becoming something of the past.
Zimbabwe’s official inflation rate has escalated to 2,2-million percent, driving the cost of a loaf of bread to about one-third of a teacher’s monthly salary.
Zimbabwe’s annual rate of inflation has hit a new record high of 2,2-million percent, central bank Governor Gideon Gono said on Wednesday.
Zanu-PF rose to the top after Zimbabwe’s independence in 1980 by being more centralised, conspiratorial and ruthless than all its rivals.
Before Zimbabwe’s disputed elections in March, Z-billion could get you a room in a five-star hotel. Today, Gabriel Matope hopes it will buy him two litres of cooking oil — if he can find some. More than six weeks after the poll, Zimbabwe’s economic crisis is deepening every day and pushing ordinary citizens to despair.
Zimbabwe’s opposition Movement for Democratic Change (MDC) will not participate in a presidential run-off against Robert Mugabe, a top party official said on Thursday, after reports of escalating violence deepened a post-election crisis. The MDC believes its leader Morgan Tsvangirai won the outright majority in the March 29 election.