A liquidity crunch in Zimbabwe is deepening the economy’s embrace of the US dollar and undermining the bullion-backed ...

Explore why the Zimbabwe ZiG currency faces a grim future as its demand among businesses and residents plummet.

Data by the Reserve Bank of Zimbabwe (RBZ) shows that the USD/ZIG pair surged to 13.67, up from its initial price of 13.56.It had initially peaked at around 7 against the US dollar, pushing the ...

Zimbabwe has clocked a full year since adopting of the Zimbabwe Gold (ZiG) currency, which has achieved commendable stability evidenced by low inflation and exchange rate predictability, anchored by ...

The new currency will be backed by reserves of foreign currency and precious metals mined in the country HARARE, April 5. /TASS/. Zimbabwe has rolled out a new national currency called Zimbabwe ...

is still pinning its hopes on the strength of the local gold-backed Zimbabwe Gold (ZiG) currency to compete against major currencies, including the United States dollar. Speaking during a Tourism ...

A liquidity crunch in Zimbabwe is deepening the economy’s embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago. The ZiG ...