May 06
Zimbabwe: Motorists Now Able to Buy Petrol, Diesel Using New ZiG Currency
IN a major climbdown, Zimbabwean authorities, initially jittery to force petroleum dealers to accept the new ZiG currency, have announced motorists can now buy petrol and diesel… Read more »
May 05
Zimbabwe: Newly Launched ZiG Currency to Breathe Life Into Ailing Economy - Finance Minister
Minister of Finance, Mthuli Ncube says the country's economy is expected to rebound as a result of the newly launched gold backed currency, Zimbabwe Gold (ZiG). Read more »
Zimbabwe: Reserve Bank Clueless On Dealing With 'Big Fish' Fuelling Illegal Forex Trade
The Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu last week struggled to present a concrete plan to deal with wealthy politicians and businesspeople pumping money into… Read more »
May 01
Zimbabwe: New ZiG Currency Notes, Coins Hit the Market
The new Zimbabwe Gold (ZiG) currency circulation kicked off Tuesday as members of the public were able to withdraw the new notes and coins from banks across the country. Read more »
April 30
Zimbabwe: Zimbabwe's Annual Inflation Surges to 57,5% As ZiG Knocks Down Monthly Rate
THE yearly inflation rate for April 2024 increased to 57,5% on the back of expectations that it will decline significantly going forward owing to the impact of the newly introduced… Read more »
Zimbabwe: Zimbabwe's ZiG Currency Knocks Down Yearly Inflation to 3,2% - New Notes, Coins Released
The recently introduced ZiG currency has exerted its impact on yearly inflation to 3,2% in a development consistent with current monetary trends, the Zimbabwe National Statistics… Read more »
April 29
Zimbabwe: Zimbabweans Short-Changed As ZiG New Currency Resistance Grows
DESPITE the recent launch of Zimbabwe Gold (ZiG) currency by the Reserve Bank, many Zimbabweans are finding themselves priced out of the market yet again. Read more »
April 27
Zimbabwe: Reserve Bank Governor Asks MPs to Market ZiG in Communities
RESERVE Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has appealed to Members of Parliament (MPs) to educate communities on the newly introduced currency, Zimbabwe Gold (ZiG). Read more »
April 26
Zimbabwe: Heads Will Roll - Vice President Chiwenga in Stern Warning to Gold Smugglers, Illegal Forex Traders
Vice President Constantino Chiwenga has issued a stern warning to gold dealers and black market forex traders adding that strict measures will be put in place to curb leakages and… Read more »
April 24
Zimbabwe: Legislators Grill RBZ Governor Mushayavanhu Over ZiG's Failure to Purchase Fuel
The Reserve Bank Governor (RBZ) John Mushayavanhu has said fuel pricing is being negotiated with suppliers and the outcome of the meetings will soon be made public. Read more »
April 21
Zimbabwe: 'Triple Spending' - Zimbabweans Bear Cost of Changing to New Zig Currency
Local businesses, transport and even government services are rejecting old notes despite the unavailability of new ZiG bills until the end of the month. Read more »
April 15
Zimbabwe: Zimbabwe's Gold-Backed Currency Surges Amid Market Skepticism
Zimbabwe's newly launched gold-backed currency, known as the Zimbabwe Gold (ZiG), has hit the ground running, gaining 1.1 percent against the U.S. dollar in its first week of… Read more »
April 09
Zimbabwe: Zimbabwe's New Zig Currency Strengthens On Second Day of Trading
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new… Read more »
April 08
Zimbabwe: Zimbabweans Need Restoration of Confidence in Economy, Not a New Currency - Rights Group
RIGHTS group ActionAid has slammed the recent launch of the new structured currency, Zimbabwe Gold (ZiG) saying the nation needs restoration of confidence in the economy, not a new… Read more »
Zimbabwe: ZiG Notes, Coins to Start Circulating On April 30 - RBZ Governor
The Reserve Bank of Zimbabwe (RBZ) has said the newly introduced currency Zimbabwe Gold (ZiG) notes and coins will begin circulating on April 30. Read more »
March 19
Zimbabwe: Central Bank to Unveil Monetary Policy Statement Hinged On Structured Currency, Prices Stability
THE Reserve Bank of Zimbabwe (RBZ) is set to unveil the Monetary Policy Statement (MPS) hinged on a structured currency to provide a lasting solution to exchange rate volatility… Read more »
February 11
Zimbabwe: Govt Crafting 'Permanent Solution' to Exchange Rate, Price Distortions - Mnangagwa
FINANCE deputy minister Kudakwashe David Mnangagwa has said the Treasury is working on what he termed a "permanent solution" to address price and exchange rate distortions. Read more »
August 11, 2023
Zimbabwe: Reserve Bank Set to Introduce Gold Backed Digital Tokens for Daily Transactions
The Reserve Bank of Zimbabwe (RBZ) says plans have now reached an advanced stage to introduce the Gold Backed Digital Tokens (GBDT) as a medium of exchange to be by the public in… Read more »
July 07, 2023
Zimbabwe: Country's GDP Grows By 6,5% to ZW$225,9 Billion in a Year
Zimbabwe's Gross Domestic Product (GDP) grew by a rate of 6,5% to reach ZWL225,9 billion in a space of just twelve months anchored on the impact of top performing industrial… Read more »
July 05, 2023
Zimbabwe: Treasury Guns for U.S.$ Demanding Local Authorities, Agencies
The Finance Ministry has vowed to go after Local Authorities who are defying the directive to collect all rates payments in ZW$ instead continuing to set demands for the US$ in… Read more »
July 03, 2023
Zimbabwe: RBZ Mops Up Zw$246,5 Million Through Gold Backed Digital Tokens Sales
THE Reserve Bank of Zimbabwe (RBZ) latest Gold Backed Digital Tokens sales mopped up a total ZW$246,5 million going a step further in cleansing the market of bad excess cash… Read more »
Zimbabwe: RBZ Mops Up ZW$246,5 Billion Through Gold Backed Digital Tokens Sales
THE Reserve Bank of Zimbabwe (RBZ) latest Gold Backed Digital Tokens sales mopped up a total ZW$246,5 million going a step further in cleansing the market of bad excess cash… Read more »
June 28, 2023
Zimbabwe: Zimbabwean Dollar in First Time Gain On Central Bank Auction, Recovers By 8,6% Against U.S. Dollar
The ZW$ value firmed up by 8,6% on the Reserve Bank of Zimbabwe Auction platform , signalling improved widespread usage of the local currency on the back of the economy's swift… Read more »
June 19, 2023
Zimbabwe: Mine Workers Demand USD Salaries - Threaten Industrial Action
THE Zimbabwe Diamond and Allied Mineral Workers Union (ZDAMWU) is pushing for USD salaries for its members arguing that the ZWL remuneration is being eroded by inflation. Read more »
May 30, 2023
Zimbabwe: Financial Challenges Threaten Ongoing Mobile Registration Exercise
Registrar general, Henry Machiri, says financial constraints threaten to delay the ongoing mobile registration blitz which is aimed at issuing identity documents, enabling voting… Read more »