When the President’s regulations expired on the 2nd October, ZiGs ceased to be legal tender and in fact ceased to have any legal existence ...
Daily Maverick on MSN5d
ZIG’s devaluation reflects Zimbabwe’s state of perpetual crisisA vicious cycle of currency failure, policy inconsistency and short-term fixes has battered investor and citizen confidence.
The Reserve Bank of Zimbabwe devalued the ZiG by 43% on 27 September 2024. This weakened the official exchange rate from 13.9 ...
Six months in, the gold-backed ZiG touted as a solution to the currency crisis is struggling to win confidence.
To stabilise the new currency the government must address its habit of printing money, overspending on its budgets and ...
Zimbabwe’s consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after ...
Steward Bank added that the modern day customer has become extremely aware of the technology-driven options at their disposal ...
THE Reserve Bank of Zimbabwe (RBZ) says local companies recently struggled to snap up US$25 million floated on the market in a development indicating limited ZWG availability in the market. The ...
Spread This NewsBy Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) says the quantum of gold backing up the ZWG has increased ...
Spread This NewsBy Staff Reporter THE case involving former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono turned ...
Persistence Gwanyanya, a member of the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee, has underscored the urgent ...
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