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

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

The Reserve Bank of Zimbabwe said the new notes that includes 50 trillion, 20 trillion and 10 trillion would be released for the "convenience of the public," according to statement released Thursday.

OK Zimbabwe, which makes only 20% of its ... in an April 8 note to clients. “It is yet to be seen what level the parallel rate will settle at.” A street market price of 16 ZiG per dollar ...

Zimbabwe has ... Zimbabwean gold (ZiG)," the bank’s Governor, John Mushayavanhu, announced at the press conference. "This currency will be issued in the form of notes and coins.

The ZiG - short for Zimbabwe Gold - officially started trading ... children played in the streets with wads of cash. Other notes laid abandoned on the pavements of the central business district ...

HARARE, Zimbabwe (CNN)-- Zimbabwe's central bank is introducing a $500 million note -- the highest current denomination -- as the once-prosperous southern African nation battles against spiraling ...

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 ...

HARARE, Zimbabwe—The Reserve ... to cut its main interest rate to 20%. Tino Kapesa, a 23-year-old college student, said he has little trust that the ZiG will fare better than its predecessors.

devalued the Zimbabwe Gold (ZiG) by 42.6 percent from about 14 ZiG units per U.S. dollar to 24.4 per dollar on Sept. 27. The official exchange rate has since weakened to 27.6 per dollar as of ...

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, short for ...