Reserve bank says transactions carried out using the Zimbabwe Gold (ZiG) currency surged to 43 percent in May.

arrears clearance A vendor shows a twenty Zimbabwe gold-backed (ZIG) note along a street in Harare, Zimbabwe, July 17, 2024. REUTERS/Philimon Bulawayo/File Photo HARARE/JOHANNESBURG, June 17 (Reut ...

The IMF supports the Zimbabwe gold-backed ZiG “fully becoming a national currency,” replacing the U.S. dollar as the ...

Zimbabwe's gold-backed currency claims stability but struggles with credibility. Despite $701 million in reserves, a parallel ...

The bank said the portion of transactions carried out using the Zimbabwe Gold (ZiG) currency surged to 43 ... and parallel market rate remains about 20%. "The rate has been stable for more than ...

The Reserve Bank of Zimbabwe (RBZ) has moved to allay growing public concern over the availability of physical ZiG currency especially outside the capital saying the local currency is gaining ...

Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the ...

Global stocks wavered and oil prices rose on Tuesday, as conflict between Israel and Iran entered its fifth day.