OK sees increased ZWG collections

Source: OK sees increased ZWG collections –Newsday Zimbabwe The bank also instructed local financial institutions to increase their “know your client” practices to ensure they do not over-supply ZWG into the market. RETAILER, OK Zimbabwe (OK) has seen a drop in its foreign currency sales in favour of Zimbabwe Gold (ZWG) trades since the local […]

Zimbabwe’s currency conundrum: Meagre gold reserves can’t sustain the ZiG

zimbabwesituation.com - 09:23

Source: Zimbabwe’s currency conundrum: Meagre gold reserves can’t sustain the ZiG Today, during his State of the Nation Address (SONA),...

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 [...]

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 injects US$64m into foreign currency market

herald.co.zw - 19/Sep 22:07

Business Reporter THE Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market to meet the growing demand for hard...

ZIMRA launches operation against tax evasion and currency undermining

mbaretimes.com - 27/Sep 13:37

The Zimbabwe Revenue Authority (ZIMRA) has initiated a comprehensive operation aimed at targeting businesses that evade taxes and undermine the...

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...

RBZ vows to insulate ZiG from shocks

herald.co.zw - 20/Sep 22:09

Wallace Ruzvidzo Herald Reporter THE Reserve Bank of Zimbabwe (RBZ) has assured the nation that it will weather all the shocks that have emanated from...

Tanzania Mandates That 20% of Gold Sales Must Go to Central Bank

iafrica.com - 01/Oct 05:55

Tanzania’s mining regulator has mandated that all gold exporters reserve at least 20% of their gold for sale to the central bank, effective October...

Zimbabwe Devalues Gold-backed Currency by 40%

iafrica.com - 01/Oct 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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