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Zimbabwe: Zimbabwe's New ZiG Doomed By Overall Lack of Transparency
ISS, 19 April 2024
Economic mismanagement has stripped citizens' trust in the government and threatens the new currency's viability. Read more »
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Zimbabwe: 'Triple Spending' - Zimbabweans Bear Cost of Changing to New Zig Currency
New Zimbabwe, 21 April 2024
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 »
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Zimbabwe: Zimbabwe's New Gold-Backed Currency Sliding On Black Market
VOA, 16 April 2024
Zimbabwe's recently introduced gold-backed currency is sliding on the local black market but officials insist the currency is getting stronger and has a bright future. Columbus… Read more »
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Zimbabwe: Zimbabwe's Gold-Backed Currency Surges Amid Market Skepticism
New Zimbabwe, 15 April 2024
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 »
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Zimbabwe: RBZ Governor Assures Public On Financial Stability Amid ZiG Introduction
263Chat, 12 April 2024
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has re-affirmed the Central Bank's commitment to financial stability in the country following the introduction of the… Read more »
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Zimbabwe: Police to Conduct Blitz On Street Traders Manipulating New ZiG Currency - Finance Minister
New Zimbabwe, 11 April 2024
Finance minister Mthuli Ncube has revealed that law enforcement agents will soon conduct a blitz on black market traders whom he says are manipulating the new structured currency,… Read more »
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Zimbabwe: Zimbabwe's New Zig Currency Strengthens On Second Day of Trading
New Zimbabwe, 9 April 2024
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 »
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Zimbabwe: Zimbabweans Need Restoration of Confidence in Economy, Not a New Currency - Rights Group
New Zimbabwe, 8 April 2024
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 »
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Zimbabwe: ZiG Notes, Coins to Start Circulating On April 30 - RBZ Governor
New Zimbabwe, 8 April 2024
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 »
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Zimbabwe: Reserve Bank Cuts Policy Rate From 130 to 20%, Bets on New Gold Currency
263Chat, 8 April 2024
The Reserve Bank of Zimbabwe (RBZ) has cut the policy rate to 20 percent from 130 percent previously as it bets on measures to stabilize the newly introduced Zimbabwe Gold (ZiG)… Read more »
Zimbabwe's New Gold Currency Gains Traction, But Skeptics Remain
Zimbabwe's newly launched gold-backed currency, the Zimbabwe Gold (ZiG), has shown promise in its first week of trading, appreciating by 1.1 percent against the U.S. dollar amidst rising gold prices due to global tensions.
The currency, introduced to replace the inflation-ridden old Zimbabwean dollar, saw a positive response from banks, traders, and businesses, with successful conversions from the old currency. ZiG is set to circulate alongside other foreign currencies until 2030 and is backed by a mix of foreign exchange reserves and gold.
InFocus
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The Reserve Bank of Zimbabwe says it will start issuing gold coins as legal tender as the country battles to control soaring inflation that has considerably weakened the local ... Read more »
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Zimbabwe's central bank has banned third country foreign payments, except for fuel, in measures to facilitate critical transactions to keep the economy going smoothly and enc Read more »
