Zanu PF businesspeople reject ZiG

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 […]

Zimbabweans reject the ZiG as the “gold-backed” currency loses value again within 72 hours of devaluation

myzimbabwe.co.zw - 30/Sep 17:37

Harare – Zimbabwe’s newly introduced gold-backed currency, the ZiG, continues its downward spiral against the US dollar, raising concerns about...

Zig (ZWG) currency loses 80% of its value, government in a fix as farmers reject ZiG… Brace for bread shortages

myzimbabwe.co.zw - 20/Sep 07:57

Five months after its launch, Zimbabwe’s new currency, the ZiG (Zimbabwe Gold), is facing a steep uphill battle, struggling to gain traction and...

RBZ governor addresses ZiG’s value drop despite climbing gold prices

mbaretimes.com - 29/Sep 09:40

Dr. John Mushayavanhu, the Governor of the Reserve Bank of Zimbabwe (RBZ), recently addressed concerns regarding the decline in value of the Zimbabwe...

Zimbabwe Central Bank Sees Currency to Plummet by 40 percent

thezimbabwemail.com - 27/Sep 13:06

The Reserve Bank of Zimbabwe (RBZ) today allowed the Zimbabwe Gold (ZiG) currency to depreciate [...]

Zim devalues new currency

dailyfriend.co.za - 30/Sep 02:10

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 to Shield Gold-Backed Currency From Market Volatility

thezimbabwean.co.uk - 25/Sep 07:41

Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold...

Newsdeck: Zimbabwe Devalues ZiG as Latest Bid for Stable Currency Founders

daily maverick - 27/Sep 16:53

Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG amid deep skepticism that the...

Analysis: Why the Zimbabwe ZiG is Facing an Uphill Battle

thezimbabwemail.com - 18/Sep 11:14

Zimbabwe’s currency experiment with the ZiG (Zimbabwe Gold) is rapidly deteriorating. Since its inception in [...]

Zimbabwe Devalues Gold-backed Currency by 40%

iafrica.com - 05:54

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...

ZIMRA goes after businesses rejecting ZiG, evading tax and not using swipe machines, President Mnangagwa breathes fire

myzimbabwe.co.zw - 27/Sep 05:06

Harare – The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the...

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