The ZiG was introduced, as a structured currency, in April 2024. Reserve Bank of Zimbabwe governor John Mushayavanhu, at the ...

Then when the government introduced ZiG (Zimbabwe Gold) in the second quarter, we saw a slowdown of the economy. For the last ...

The Zimbabwe ZiG has stabilized in the past few weeks even as the country’s economy has deteriorated and gold prices have ...

Zimbabwe’s economic instability is deepening, deterring international investment and eroding confidence in the local market.

Harare,— Zimbabwe’s foreign currency reserves supporting the Zimbabwe Gold (ZiG) currency have surged past US$500 million, a ...

Zimbabwe's Finance Minister, Mthuli Ncube, has commended the country for its resilience as it grapples with the worst drought ...

Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the ...

Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, ...

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 ...

Zimbabwe’s central bank launched the ZiG, or Zimbabwe Gold, which was hyped as a stabiliser amid the country’s long-running currency and economic crisis. But in late September, authorities ...

Zimbabwe’s gold-backed currency posted its first gain in more than two weeks, suggesting that tighter monetary policy is ...

While the ZIG has been devalued to about US$1:25 ... Higher spending on infrastructure increases the amount of local currency in circulation, which defeats efforts at currency stabilisation.