Foreign Currency
Zimbabwe's economy in 2006: Goodbye (and good riddance) to 2005!
Sokwanele Article: January 6th, 2006Surely things can't get worse! Or can they? Haven't we been asking this for over 5 years now?
What can we expect from 2006 financially and economically? Let's take a look at what we can expect of the new year - bearing in mind, of course, that any form of prediction in Zimbabwe is whimsical, given the proven tendencies of this regime to interfere with economic forces in order to protect or better their own lifestyles, regardless of the effect on the people they are supposed to be serving.
Will we see any improvement to our standard of living?
The Forex Market: A layman's guide to how it works, and why it does what it does
Sokwanele Article: July 5th, 2005Like any other commodity - sugar, soap, mealie meal - the price of forex will go up and down, driven by the forces of supply and demand, provided there are no restrictions placed on that market. People who want US Dollars or Rand will pay what they have to pay to get it; if the currency is scarce, the price will go up, if it is plentiful, the price will go down or at least stabilize. This is a simplified way of explaining why the rates for forex move up and down.
Gono - not three cheers but jeers all the way
Sokwanele Article: July 3rd, 2004So was Gideon Gono, governor of the Reserve Bank of Zimbabwe, successful on his recent foreign tour to the United States, Britain and South Africa or did he fail ? The state media have pronounced his mission a success and claimed that this new economics "guru" has brought in millions in forex and effectively saved the nation from bankruptcy. But then they would anyway and who among Zimbabwe's adult, thinking population believes for one moment the propaganda spewed out daily by the Herald, the Chronicle, or the dead BC ? Let us rather consider the facts.
