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

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

THE Reserve Bank of Zimbabwe (RBZ) says the quantum of gold backing up the ZWG has increased to US$450 million on the back of calls for citizens to be calm ahead of strengthening stability in the ...

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

Have the government of Zimbabwe and the central bank not repeatedly told us, ever since the introduction of the new currency, ...

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 ...

Zimbabwe put $50 million in the interbank currency market days before the 43% devaluation of its gold-backed currency, Business Weekly reported. The Reserve Bank of Zimbabwe’s foreign-currency ...

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 ...

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The Reserve Bank of Zimbabwe (RBZ) made the decision to slash the local exchange rate to 24 Zig to $1 (£0.75) on Friday. The Zig had largely maintained its value since its launch, but on the ...