Zimbabwe’s Currency Still ZiG Despite Code Change To ZWG

Effective June 25, 2024, Zimbabwe’s currency code has been changed from ZWL to ZWG, though the name of the currency remains Zimbabwe Gold (ZiG)....

Zimbabwe ramps up nationwide power cuts as Kariba Water levels plunge

Forcing businesses to resort to generators and solar power to run their operations....

Afreximbank signs two deals totaling US$80 million for Zimbabwe’s CBZ Bank

Nassau, The Bahamas: – In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import...

Zimbabwe’s debt burden balloons to US$18 billion

Fears the country's giant debt could stunt economic recovery and growth...

Zimbabwe’s ZiG crackdown against street dealers is good news for bankers

Zimbabwe has imposed fines for not doing transactions at the official exchange rate of the ZiG,...

Zimbabwe’s economic growth down to 2%

The African Development Bank (AfDB) revised Zimbabwe’s economic growth forecast for 2024 downward to 2%, a...

Zimbabwe demands major reductions on $19.2bn debt

(Ecofin Agency) - Zimbabwe has asked its creditors for significant debt reductions on its $19.2 billion internal...

Zimbabwe authorities mix charm with force in an attempt to shore up the world’s newest currency

Zimbabwe introduced the world's newest currency in April with public rallies and commercial jingles...

We Have Released Adequate ZiG Notes And Coins, Says Mushayavanhu

The Reserve Bank of Zimbabwe (RBZ) says it released enough ZiG cash for use by the...

Zimbabwean finance minister hails Chinese investors’ contribution

HARARE (Xinhua) -- Zimbabwean Finance Minister Mthuli Ncube on Friday hailed Chinese investors for their contribution...

IMF Calls Zimbabwe Switch to Gold-Backed ZiG an ‘Important’ Step

(Bloomberg) -- The International Monetary Fund welcomed Zimbabwe’s introduction of a new bullion-backed currency as an...

Zimbabwe’s FBC Holdings Acquires Standard Chartered Unit

(Bloomberg) -- Zimbabwe’s FBC Holdings Ltd. has completed the acquisition of Standard Chartered Plc’s business in...

Zimbabwe unleashes police, intelligence services on people rejecting new ZiG currency

A month after the introduction of the gold-backed ZiG currency in Zimbabwe, the government has set...

Dealing in foreign currency does not break any law, Biti tells court

'The US dollar is not foreign currency in Zimbabwe, rather it is legal tender in Zimbabwe'...

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