Zimbabwe set to end the year with Africa’s highest interest rate

Zimbabwe’s economic woes are set to follow it into the new year, as it continues with Africa’s highest interest rate....

Zimbabwe’s gold-backed currency loses half its value: Why and what’s next?

Six months in, the gold-backed ZiG touted as a solution to the currency crisis is struggling...

Zimbabwe’s Seemingly Endless Currency Crisis

War, corruption, economic sanctions and misguided policies have left the country unable to find a stable...

Zimbabwe allows currency to slump over 40%, hikes policy rate

The central bank's website gave the mid-rate for the ZiG currency as 24.3902 to the dollar...

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency...

Zimbabwe’s Imara Says Push to ZiG Sole Currency Is ‘Startling and Concerning’

(Bloomberg) -- Zimbabwe should restore the trust of its citizens rather than suggest they be forced...

Mnangagwa sacks finance secretary Guvamatanga, then changes mind

President’s fury over missed tax reforms which he says undermine new currency...

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...

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...

Local Businesses Threaten To Sue RBZ

Businesses are considering taking legal action against the Reserve Bank of Zimbabwe (RBZ) over its decision...

With ZiG Zimbabwe Expects to Finally Turn Its Back on Inflation

(Bloomberg) -- Zimbabwe’s new gold-backed ZiG currency will banish sky-high inflation that’s hamstrung the economy and...

RBZ Sets ZiG Withdrawal Limits

The Reserve Bank of Zimbabwe (RBZ) has set the weekly cash withdrawal limits at ZiG3 000...

Old Zimbabwean dollar notes cease circulation ahead of ZiG release

Most businesses have completed their configuration system to conduct business in ZiG ...

Zimbabwe Authorities Troubled by Tumbling New Currency

MOUNT HAMPDEN, ZIMBABWE — Zimbabwean authorities responded swiftly to the recent decline in the new gold-backed...

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