Zig NEWS
WEBRead the latest happenings in the global Zig community.
Zimbabwe Devalues ZiG as Latest Bid for Stable Currency Founders
WEB3 days ago — Fri, Sep 27, 2024, 9:55 AM 3 min read. (Bloomberg) -- Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG amid deep skepticism ...
Zimbabwe’s ZiG is the world’s newest currency | AP News
WEBApr 30, 2024 — Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the people. The ZiG was introduced electronically in early April, but people are now able to use banknotes and coins.
Zimbabwe allows currency to slump over 40%, hikes policy rate
WEB3 days ago — The central bank's website gave the mid rate for the ZiG currency as 24.3902 to the dollar on Friday versus 13.9987 on Thursday, a 42.6% fall, according to Reuters calculations.
Zimbabwe launches new gold-backed currency - ZiG - BBC
WEBApr 5, 2024 — Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for...
The ZiG is the world’s newest currency - World Economic Forum
WEBMay 17, 2024 — Zimbabwe has introduced a new currency called the ZiG. Zimbabwe's central bank said the country is “recalibrating its monetary policy framework”. However, it remains to be seen whether the ZiG can gain the confidence of consumers.
All About ZiG, Zimbabwe’s Latest Shot at a Stable Currency
WEBAug 8, 2024 — In the latest effort to devise a credible national currency, Zimbabwe in April replaced its dollar with the ZiG, short for Zimbabwe Gold. The new unit is backed by bullion and foreign currency ...
Meet ZiG, Zimbabwe's latest baffling currency : NPR
WEBMay 21, 2024 — Zimbabwe has ordered people to use the ZiG. It's a new currency the government hopes will resolve more than two decades of economic turmoil. But at a market in Harare, vendors and customers say...
Zimbabwe’s ZiG Wipes Out 330% Stocks Rally - Bloomberg
WEBApr 22, 2024 — Zimbabwe’s new currency has wiped out a gain of more than 330% on the stock market this year, leaving investors dealing with the fallout.
Zimbabwe launches new gold-backed currency - ZiG - BBC News
WEBApr 5, 2024 — Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for...