Harare – Zimbabwe’s newly introduced gold-backed currency, the ZiG, continues its downward spiral against the US dollar, raising concerns about...
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Source: Zanu PF businesspeople reject ZiG – The Southern Eye Zanu PF political commissar Munyaradzi Machacha says businesspeople linked to the party who are rejecting the Zimbabwe Gold (ZiG) must be arrested. The government introduced the ZiG in April this year to replace the local currency, which had been battered by inflation. Some service providers […]
Harare – Zimbabwe’s newly introduced gold-backed currency, the ZiG, continues its downward spiral against the US dollar, raising concerns about...
Five months after its launch, Zimbabwe’s new currency, the ZiG (Zimbabwe Gold), is facing a steep uphill battle, struggling to gain traction and...
Dr. John Mushayavanhu, the Governor of the Reserve Bank of Zimbabwe (RBZ), recently addressed concerns regarding the decline in value of the Zimbabwe...
The Reserve Bank of Zimbabwe (RBZ) today allowed the Zimbabwe Gold (ZiG) currency to depreciate [...]
Zimbabwe has devalued its new gold-backed currency, the “Zig,” by more than 40%. This is reportedly an attempt to stabilise the country’s...
Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold...
Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG amid deep skepticism that the...
Zimbabwe’s currency experiment with the ZiG (Zimbabwe Gold) is rapidly deteriorating. Since its inception in [...]
Zimbabwe’s central bank has devalued its gold-backed currency, the Zig, by over 40% against the US dollar, raising concerns about the country’s...
Harare – The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the...