Friday, June 6, 2025
No Result
View All Result
News Report  Zimbabwe
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News
No Result
View All Result
News Report  Zimbabwe
No Result
View All Result
Home News

Fastjet airline accepts ZiG- Chin’ono

April 23, 2024
0
CCC Leader Left With Few Options- Hopewell Chin’ono

Hopewell Chin’ono an award-winning Zimbabwean journalist and filmmaker who has worked with the BBC, ITV News, and the New York Times. Chin’ono reveals a positive development on the recent introduction of ZIG.

On a recent post seen by Newsreportzim.com it has learnt that Fastjet airline is now accepting the new currency

On his X post he stated that….,Zimbabwe’s Fastjet airline is now accepting payments in ZiG.
This is a positive development that could benefit the local currency if adopted widely by the whole economy.

However, it may not be sufficient if the government continues to refuse the ZiG for essential payments such as passport fees, customs duty, fuel, and number plates.

For ZiG to achieve stability and inspire confidence, it must be accepted for all transactions within Zimbabwe.
The government’s reluctance to accept ZiG for crucial payments will impede its widespread adoption and stability and result in it being worthless soon.

While Fastjet’s decision is commendable, it’s unlikely that other airlines will follow suit.
Their hesitation stems from a lack of trust in the central bank’s ability to exchange the ZiG for US Dollars when repatriating profits.

This lack of confidence in the currency exchange mechanism will discourage other businesses from adopting the ZiG for transactions.

Most of the businesses allowed to exclusively charge in US Dollars, like ZUVA, are owned by ZANUPF political elites.
The government, run by ZANUPF, refuses to accept its own currency.
Until this changes, ZiG will not gain traction.

That’s why it has depreciated on the black market, despite the government arresting 65 illegal money changers. Economic laws aren’t determined by fear, force, or jackboot tactics; they are determined by real economic fundamentals.

Let us hope the Zimbabwean government realises this self-evident truth and makes its currency acceptable for all transactions within the country. Otherwise, it is a futile endeavor.

Until then, my advice to Zimbabweans is to keep their money in US Dollars if they want to avoid waking up to worthless currency.

My prediction is that Fastjet will revert to not accepting ZiG unless it becomes universally acceptable.
An economy is run through economics not propaganda, the ZiG must be acceptable for transactions that involve everyday people like fuel.

Online views comments;

African
Buy tickets until December Madzibaba HC. You will thank me later.

Liberty Nyathi
Mukoma Hope, I thought you understood economics. There is a cover(reserves) of 285M and ZiG in circulation of about 80M, that will not be able to cover everything(transactions) including fuel, unless you want the
@ReserveBankZIM
to print more money outside the cover(reserves).

Lannie10k
Waneta kuramba uchingotukwa zve

Baba Zerah
What rate are they accepting is another critical question

Source Newsreportzim.com

Tags: FastjetHopewell Chin'onozig

Related Posts

Masvingo Council Official Takes His Own Life

Masvingo Council Official Takes His Own Life

by Nyathi
June 6, 2025
0

A shocking incident has rocked the Masvingo community after Pius Nyatsanza, the Planning and Economic Affairs Executive Officer for Masvingo...

Nephew Butchers  Uncle Over  Goat

Nephew Butchers Uncle Over Goat

by Nyathi
June 6, 2025
0

A chilling incident has shaken the village of Chinyama in Muzarabani, leaving a trail of death and destruction in its...

Truck Driver Loses Life in Brutal Robbery Attack

Truck Driver Loses Life in Brutal Robbery Attack

by Nyathi
June 5, 2025
0

A tragic incident has shaken the transport industry after a truck driver succumbed to severe injuries sustained in a violent...

Hyena Attack Leaves Man Fighting for Life

Hyena Attack Leaves Man Fighting for Life

by Nyathi
June 5, 2025
0

A terrifying encounter between a man and a hyena has left the community in shock. Wiseman Ngozo, a resident of...

Open Letter Slams Judicial Service Commission Interviews

Open Letter Slams Judicial Service Commission Interviews

by Nyathi
June 4, 2025
0

Prominent Zimbabwean human rights lawyer Beatrice Mtetwa has penned an open letter to the Judicial Service Commission (JSC), criticizing the...

Zimbabweans Fleeing Xenophobic Attacks Face New Hardship- Arrest and Deportation

Zimbabweans Fleeing Xenophobic Attacks Face New Hardship- Arrest and Deportation

by Nyathi
June 4, 2025
0

  In a heart-wrenching turn of events, over 100 Zimbabweans seeking shelter after xenophobic attacks in Addo, South Africa, were...

Please login to join discussion

Trending News Today

  • Sangoma Turns to  Lion Snack

    Sangoma Turns to Lion Snack

    89 shares
    Share 36 Tweet 22
  • Widow Caught in Bed With Lover a Week After Burying Husband

    73 shares
    Share 29 Tweet 18
  • Chiredzi: CIO Officer Goes Rogue

    50 shares
    Share 20 Tweet 13
  • Pastor’s Pulpit Shame- Church Leader Caught in Love Triangle

    126 shares
    Share 50 Tweet 32
  • Former Zambian President Lungu dies

    71 shares
    Share 28 Tweet 18
  • The Fake Doc- “Take Lacto And Fruits Three Times a Day”

    99 shares
    Share 40 Tweet 25
  • Bulawayo Prison Horror-20 Years for Gang Assault

    37 shares
    Share 15 Tweet 9
  • Self Proclaimed King “Munhumutapa” to Stand Trial Tomorrow.

    36 shares
    Share 14 Tweet 9
  • Masvingo Council Official Takes His Own Life

    35 shares
    Share 14 Tweet 9
  • Son Disciplines Father’s Girlfriend

    31 shares
    Share 12 Tweet 8

Popular This Week

  • Fatal Dog Attack Exposes Mike Mupinga’s Troubling Past

    Fatal Dog Attack Exposes Mike Mupinga’s Troubling Past

    264 shares
    Share 106 Tweet 66
  • Daughter and Son-in-Law Swindle Father Out of $100k

    158 shares
    Share 63 Tweet 40
  • The Turbulent Life of President Mnangagwa: A Story of Helicopters, Close Calls, and Air Force Angst

    137 shares
    Share 55 Tweet 34
  • Pastor’s Pulpit Shame- Church Leader Caught in Love Triangle

    126 shares
    Share 50 Tweet 32
  •  Five Suspects Caught with Ivory and Pangolin Scales in Victoria Falls

    113 shares
    Share 45 Tweet 28
  • Serial South African Killer Escapes To Zimbabwe

    110 shares
    Share 44 Tweet 28
  • Drunk, Drama, and a Dash of Fire: The Trevor Dongo Flat Fiasco

    108 shares
    Share 43 Tweet 27
  • COVID-19 Variant Alert: WHO Urges Global Vigilance

    105 shares
    Share 42 Tweet 26
  • The Fake Doc- “Take Lacto And Fruits Three Times a Day”

    99 shares
    Share 40 Tweet 25
  • Blessed Bowa’s 12-Year Gift for Being a ‘Good Samaritan’ Thief

    94 shares
    Share 38 Tweet 24

Popular This Month

  • How to Legally Avoid Paying the US$92 ZBC Radio Licence Fee in Zimbabwe

    How to Legally Avoid Paying the US$92 ZBC Radio Licence Fee in Zimbabwe

    596 shares
    Share 238 Tweet 149
  • Bulawayo Police Bust Vuzu Party, Arrest 13 Youths

    323 shares
    Share 129 Tweet 81
  • Unhealed Wounds-Remembering the 21 Mothers of Emkhonyeni Who Were Burnt Alive

    313 shares
    Share 125 Tweet 78
  • Apostle Eunor Guti Declines Wicknell Chivayo’s Lavish Gift

    274 shares
    Share 110 Tweet 69
  • Fatal Dog Attack Exposes Mike Mupinga’s Troubling Past

    264 shares
    Share 106 Tweet 66
  • Loophole or Legal Gymnastics? Zimbabwean Schools Find Ways Around Fee Payment Rule

    247 shares
    Share 99 Tweet 62
  • New ‘ lobola’ Fees for Foreigners Seeking Medical Care in Gauteng

    240 shares
    Share 96 Tweet 60
  • The Despicable Scam at Zimbabwe’s Hospitals; Its Business Nothing Personal.

    238 shares
    Share 95 Tweet 60
  • Dead Body Goes Missing : Nurse Arrested

    225 shares
    Share 90 Tweet 56
  • Philanthropy or Publicity Stunt? Wicknell Chivayo’s Lavish Gift to Jah Prayzah’s Team

    211 shares
    Share 84 Tweet 53

Most Read Stories

  • “Zimbabwe Is Discrediting SADC”

    ZANU PF Accused Of Bribing SADC Elders To Retain From Losing Power

    5239 shares
    Share 2096 Tweet 1310
  • Madzibaba gets Toyota Aqua after explaining new currency ZiG to church

    4533 shares
    Share 1813 Tweet 1133
  • Breaking News: Zimbabwe launches New Currency (Zig)

    4278 shares
    Share 1711 Tweet 1070
  • Guide : How to access 2023 Zimsec Ordinary O Level results online

    3973 shares
    Share 1589 Tweet 993
  • Uganda Police Officer Shoots Wife Dead After Mocking Him Over Man-U Loss

    3893 shares
    Share 1557 Tweet 973
  • Floods hit Gweru

    3593 shares
    Share 1437 Tweet 898
  • Mashura pa Gokwe musi wa 12.02.24

    3544 shares
    Share 1418 Tweet 886
  • Secret message for ED after his inauguration

    3481 shares
    Share 1392 Tweet 870
  • Heatwave Warning:Expect Extremely hot temp ranging from 36° to 41° until 12 March

    3394 shares
    Share 1358 Tweet 849
  • Here is the reckless Kombi Driver!!!!!!!!!!! See pics here

    3218 shares
    Share 1287 Tweet 805

  • About Us
  • Contact Us
  • FAQ
  • Privacy Policy
  • Terms of Service
  • Home

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News