Respect Gwenzi

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Forex demand continues to fall

These indicators are however inverse to the movement in the exchange rate on the respective market.

By Respect Gwenzi Sep. 2, 2022

Auction allotments levels remain low

The levels of allotments remained low, cementing a trend that has been true for at least two months now.

By Respect Gwenzi Sep. 16, 2022

Paltry US$11m traded on auction market

Data shows that for some non-exporting companies over 30% of sales are now in foreign currency.

By Respect Gwenzi Sep. 30, 2022

Forex traded continues to fall

The total value traded came in at US$10,5 million which is the lowest level since the revamp of the auction market in June 2020.

By Respect Gwenzi Oct. 7, 2022

Parallel market rate spikes again

The entrenched use of the US dollar in the economy meant that more players had the capacity to finance own forex requirements through direct sales.

By Respect Gwenzi Oct. 28, 2022

US dollar creation, a ticking time bomb

The results are shocking and point towards yet another pending currency crush brewing from electronic creation of US dollar credit.

By Respect Gwenzi Nov. 4, 2022

Currency market under pressure

While this is happening, the auction market remains relatively stable weakening in each respective session albeit at fading margins.

By Respect Gwenzi Nov. 11, 2022

How much oil reserves does Zim have?

Managing director Scott Macmillan says the early results are “an exciting development validating our subsurface model”.

By Respect Gwenzi Nov. 18, 2022

Is Zim headed towards a technical recession?

When this article was written, The Zimbabwe Stock Exchange's nominal growth for the year-to-date (YTD) period ending 15/11 in 2022 was 28,79%.

By Respect Gwenzi Nov. 25, 2022

Is Zim headed towards a technical recession?

Zim now one of the fastest growing African economies

Corruption persists like a festering wound slowly spreading to all of the state’s institutions.

By Respect Gwenzi Dec. 2, 2022

Zim now one of the fastest growing African economies

Widening premium gap reflects market instability

The parallel market gap has widened to 36% in the latest session from a low of 15% in October.

By Respect Gwenzi Dec. 9, 2022

Widening premium gap reflects market instability

Burgeoning public debt a threat to development

The Covid-19 pandemic has fuelled debt expansion as countries struggled to service their debts.

By Respect Gwenzi Jan. 6, 2023

Burgeoning public debt a threat to development

Zimdollar depreciation path unlikely to change in 2023

It also gives a foresight into the interplay between the auction and parallel markets.

By Respect Gwenzi Jan. 13, 2023

Zimdollar depreciation path unlikely to change in 2023

Weak trading data shows RBZ is in control of the exchange rate

The RBZ has made efforts to continuously drive the currency market towards full liberalisation.

By Respect Gwenzi Jan. 20, 2023

Weak trading data shows RBZ is in control of the exchange rate

Little movement on parallel market

Authorities earlier warned state contractors against dumping currency on the parallel market and driving the rate southwards.

By Respect Gwenzi Feb. 24, 2023

Zimdollar will remain weak

THE gap between the parallel market and the auction market rates narrowed for the fifth straight week this week, despite a sustained decline in the value of the latter.

By Respect Gwenzi Mar. 17, 2023

The season of madness at play

Meanwhile in the interim, rational agents are anticipating a gallop in expenditure as the new salary structures take effect.

By Respect Gwenzi Mar. 24, 2023

Measures cannot curb inflation

Measures such as gold coins, although wildly popular and rationale from the perspective of investors or those seeking to basically preserve value

By Respect Gwenzi Mar. 31, 2023

Exchange rate situation to worsen

The current pace of losses on both markets is ahead of all the past four years since the reintroduction of the local currency.

By Respect Gwenzi Apr. 21, 2023

A comprehensive approach needed to promote economic stability

If the formal market continues to depreciate at its current pace, the gap between the parallel and auction markets may widen in the coming weeks.

By Respect Gwenzi Apr. 28, 2023

A comprehensive approach needed to promote economic stability

No sign of Zimdollar stability in the short-term outlook

Government issued Treasury Bills (TBs) valued at about US$1,45 billion in fulfilment of obligations due to some creditors and suppliers, prior to shelved.

By Respect Gwenzi May. 5, 2023

No sign of Zimdollar stability in the short-term outlook

Local currency at its worst against the USD since 2022

On easing this week, the Zimdollar took its year-to-date loss to 58%, which is its quickest pace of decline on a comparative basis since its reintroduction in 2019.

By Respect Gwenzi May. 12, 2023