The stability of the new ZiG currency and corresponding very low inflation almost five months after the gold-backed currency was introduced, is a...
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In a bold move aimed at stabilizing its tumultuous economy, Zimbabwe recently introduced the Zimbabwe Gold (ZiG) currency on April 5, 2024. This new currency, backed by 2.5 tonnes of gold and supported by $100 million in foreign currency reserves, was intended to restore confidence and combat hyperinflation that had ravaged the Zimbabwean dollar. However, …
The stability of the new ZiG currency and corresponding very low inflation almost five months after the gold-backed currency was introduced, is a...
The stability of the new ZiG currency and corresponding very low inflation almost five months after the gold-backed currency was introduced, is a...
Following years of currency uncertainty and instability, the Zimbabwean government has provided the clearest indications yet of its plans to move from...
Following years of currency uncertainty and instability, the Zimbabwean government has provided the clearest indications yet of its plans to move from...
Banknotes of the new national currency Zimbabwe Gold, ZiG for short, are presented at a press conference of the Central Bank of Zimbabwe. (Columbus...
Banknotes of the new national currency Zimbabwe Gold, ZiG for short, are presented at a press conference of the Central Bank of Zimbabwe. (Columbus...
HARARE,– Zimbabwe’s local currency, the ZiG, has seen a remarkable surge in public confidence, with [...]
HARARE - The Reserve Bank of Zimbabwe (RBZ) has reported that the new Zimbabwe Gold (ZiG) currency has achieved a 91% acceptance rate among...
Inflation is a common enemy to all; it is a relentless threat to the economic stability. Inflation is the most common problem in the struggling...
Business Reporter Zimbabwe’s local currency, ZiG, has gained significant public confidence, with a survey indicating a 91 percent acceptance rate,...