Zimbabwe and regional technology news and updates



Nyaradzo logo

Foreign Exchange Auction results are in, “official” rate is 65.88

Foreign exchange auction results are in. The rate is sitting at US$1.00 to ZWL$65.8765 (rounded up to 65.88). The highest bid was ZWL$90.00 and the lowest was ZWL$30.00. The weighted average was ZWL$65.8765 an increase from last week’s ZWL$63.7. The amount allotted was US$13 602 407.84 a decrease from last week’s US$16 321 028.61. (The […]

The interbank forex rate will shoot through the roof, can the gvt/RBZ stomach it?

This coming Tuesday the 23rd of June 2020, the new formal trading of foreign currency via an inter-bank auction will kick off. This is the third time Zimbabwe is introducing such a market. In fact it’s just been 3 months since the Reserve Bank of Zimbabwe suspended the interbank forex market it had introduced a […]

Bank Foreign Currency Exchange Rates Today – 13 January 2020

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 17.0056ZWL$ to RAND: 0.8420 Data according to the Reserve Bank of Zimbabwe Black Market rates OMIR 26.69 USD / ZWL$ 23.7 USD / ZWL$ 23.5 USD / ZWL$ 23.5 USD / ZWL$ 17 USD / BOND 17.3 Quick NetOne, Econet, […]

Bank Foreign Currency Exchange Rates Today – 6 January

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 16.8590 ZWL$ to RAND: 0.8515 Data according to the Reserve Bank of Zimbabwe Black Market Rates: USD to ZWL$ 22.90 USD to ZWL$ 22.70 USD to ZWL$ 22.70 USD to BOND: 16.7 Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): […]

Updated: RBZ Says You Can Get Paid In Forex But You Won’t Be Able To Withdraw Your Funds

An instruction circular from the RBZ to FBC’s management to its staff has leaked and the circular focuses on “Employees Salaries Payments in USD“. The instruction is on the back of what appears to be some regulatory changes at the RBZ. The circular notes that in some instances the RBZ can allow a company to […]

Mangudya Says “Social Media In This Country Is Full Of Lies” And He’s Now Dealing With ZimBollar

It seems like The Reserve Bank of Zimbabwe chief, John Mangudya has found a new place to throw blame at: social media. During a Question and Answer session before the Parliamentary Committee on Budget and Finance he said: Some people want to spread malicious information so do not confuse indiscipline with communication. Social media in […]

Technically The USD And Other Forex Are Not Banned

The news of the moment definitely is that the Zimbabwean Dollar has made a come back of sorts. The come back goes like so: what we were told to call RTGS dollars in February this year, we are now told to call it Zimbabwean Dollar. The real change is that this ‘Zimbabwean Dollar’ is now […]

Econet Rubbish Blackout WhatsApp News Report

Yesterday we published a post were a WhatsApp based news alert service, Kukurigo, claimed that Econet was on the edge of a catastrophic precipice due to foreign currency shortages. Well, Econet has come out and explicitly denied the report is true. What Kukurigo said According to these Kukurigo guys they had classified intel from Econet […]

RBZ Issues Guidelines For How Bureaux De Changes Will Operate

Zimbabwe’s  Central Bank has issued a set of operational guidelines “to provide instructions and direction to persons intending to carry on the business of Bureaux de Change in Zimbabwe.” The guidelines include details regarding; Regulatory framework Licensing and Registration of Bureaux De Change Operational Modalities for Bureaux De Change Corporate Governance Supervision and Monitoring of […]