The Africa Report15d
Zimbabwe: Five reasons why the ZiG currency faces doom
Zimbabwe’s economic instability is deepening, deterring international investment and eroding confidence in the local market.
The Zimbabwe Mail4d
Zimbabwe’s Foreign Currency Reserves Reach US$500 Million, Bolstering ZiG Stability
Harare,— Zimbabwe’s foreign currency reserves supporting the Zimbabwe Gold (ZiG) currency have surged past US$500 million, a ...
Hosted on MSN1mon
USD to ZiG: Here’s why the Zimbabwe currency is melting away
Consumer and business confidence is still low The main reason why the Zimbabwe ZiG faces major risks ahead is that consumers and businesses still lack confidence in the local currency. Many of ...
The Conversation24d
Zimbabwe’s ZiG: devaluations won’t fix a currency that’s in trouble because of government overspending
The ZiG (Zimbabwe Gold) is the nation’s newest currency and was launched in April 2024. The unexpected devaluation was prompted by the need to contain resurgent exchange rate pressure which ...
The Africa Report9d
Zimbabwe’s finance minister says ZiG currency ‘is here to stay’
Despite a sharp devaluation of Zimbabwe’s gold-backed currency and surging inflation, Finance Minister Mthuli Ncube remains ...
AllAfrica.com17d
Zimbabwe: ZIG No Longer Legal Tender - Top Lawyer Argues Statutory Instrument Giving Life to New Currency Lapsed and Cannot Be Extended
RENOWNED lawyer, Thabani Mpofu has poked holes on the legal status of the country's latest currency, Zimbabwe Gold (ZiG), arguing that legislation supporting it has expired. The ZiG was launched ...
Zimbabwe’s Ruling Party Passes Resolution to Have Gold-Backed ZiG Adopted as Sole Currency
Zimbabwe’s ruling party passed a resolution to adopt the bullion-backed ZiG currency as the country’s sole legal tender and ...
Ghanaweb.com21d
Zimbabwe's gold-backed ZiG currency can't fix deeper issues - IMF cautions
Zimbabwe won’t solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said. “There’s a ...
Yahoo Finance16d
Zimbabwe's ZiG to Become Country's Sole Currency
Zimbabwe's ruling party passed a resolution to adopt the bullion-backed ZiG currency as the country's sole legal tender and phase out the use of US dollars. The Zimbabwe Gold is the African nation ...
Zawya23d
Zimbabwe’s ZiG: devaluations won’t fix a currency that’s in trouble
The ZiG (Zimbabwe Gold) is the nation’s newest currency and was launched in April 2024. The unexpected devaluation was prompted by the need to contain resurgent exchange rate pressure which started ...
AllAfrica.com25d
Zimbabwe's ZiG - Devaluations Won't Fix a Currency That's in Trouble Because of Government Overspending
The ZiG (Zimbabwe Gold) is the nation's newest currency and was launched in April 2024. The unexpected devaluation was prompted by the need to contain resurgent exchange rate pressure which ...
Mena FN25d
Zimbabwe's Zig: Devaluations Won't Fix A Currency That's In Trouble Because Of Government Overspending
The ZiG (Zimbabwe Gold) is the nation's newest currency and was launched in April 2024 . The unexpected devaluation was prompted by the need to contain resurgent exchange rate pressure which ...