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

A vicious cycle of currency failure, policy inconsistency and short-term fixes has battered investor and citizen confidence.

Spread This NewsThe Conversation The Reserve Bank of Zimbabwe devalued the ZiG by 43% on 27 September 2024. This weakened the ...

Spread This NewsBy Staff Reporter THE case involving former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono turned ...

The Reserve Bank of Zimbabwe (RBZ) says financial inclusion is a significant catalyst and essential contributor to financial sector stability and inclusive economic growth.

Zimbabwe sought to assure citizens that its gold-backed currency would not suffer another steep devaluation and steps were ...

SAA is fighting back against the claim for unpaid fees and has informed Zimbabwe’s finance department that this is seen as “a malicious and unnecessarily disruptive action” by the environment ministry ...

Zimbabwe’s new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said.

Measures A benchmark policy rate is the RBZ's key lending rate, which it uses to regulate the economy's availability, cost, ...

Zimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last ditch effort to stabilise the country's volatile economy, is in trouble.

The value of Zimbabwe's gold-backed currency plunged 44% Friday on the official market. The sudden drop of the gold backed currency, known as ZiG, began Friday shortly after the Reserve Bank of ...

The Reserve Bank of Zimbabwe (RBZ) made the decision to slash the local exchange rate to 24 Zig to $1 (£0.75) on Friday. This slump is due to an increase in demand for the US dollar, which is ...