Zimbabwe, ZiG currency
Zimbabwe knocks 40% off value of gold-backed currency
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 Reserve Bank of Zimbabwe (RBZ) made the decision to slash the local exchange rate to 24 Zig to $1 (£0.
Zimbabwe’s gold‑backed currency faces confidence crisis
As Zimbabwe’s ZiG currency struggles to gain public trust, illegal money changers thrive, driving inflation and highlighting deep-rooted economic issues.
Zimbabwe's ZiG currency falls over 40% on interbank market
Zimbabwe's gold-backed ZiG currency fell more than 40% against the U.S. dollar on the interbank market from Thursday to Friday, the central bank's website showed. The Reserve Bank of Zimbabwe's website gave the mid rate for ZiG as 24.
Zimbabwe Said to Devalue Gold-Backed ZiG by 44% Against Dollar
Zimbabwe sold its gold-backed currency to banks at 44% less than the prevailing rate against the dollar Friday, according to four treasury dealers, effectively devaluing the unit.
Zimbabwe said to cut value of gold-backed ZIG by 44%
Zimbabwe has devalued its gold-backed currency, the Zimbabwe Gold (ZiG), selling it to banks at a rate 44% lower than the prevailing dollar exchange rate. ・Zimbabwe devalued its gold-backed currency,
Zimbabwe said to devalue new ZiG currency 44% against USD, Bloomberg News reports
Zimbabwe is said to have devalued its new gold-backed ZiG currency by 44% against the U.S. dollar, Bloomberg News reported on Friday, citing four treasury dealers. ZiG, which stands for Zimbabwe Gold and started trading in April this year,
Zimbabwe’s Gold-Backed ZiG Weakens Past 14 Per Dollar to Record Low
Zimbabwe’s bullion-backed currency has slid past 14 per dollar, its weakest level on the official market since it started trading five months ago.
Zimbabwe allows currency to slump over 40%, hikes policy rate
Zimbabwe's central bank allowed the local gold-backed currency to fall over 40% against the dollar on Friday and hiked its ...
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OK Zimbabwe adopts double US$ pricing for ZWG transactions
Spread This NewsBy Alois Vinga LEADING retailer OK Zimbabwe has adopted a double US$ pricing for some of its commodities in a ...
Zimbabwe to cull 200 elephants to feed citizens left hungry by drought
Zimbabwe has authorized a mass slaughter of elephants to feed citizens left hungry by its worst drought in decades.
Zimbabwe's Raza hails impact of franchise cricket on lower-ranked nations
Players from lower-ranked nations have limited opportunities to learn from competing with top-tier teams but franchise ...
Zimbabwe criticized for allowing mass killing of elephants amid El Nino-produced drought
A climate crisis in southern Africa has triggered the government of Zimbabwe to allow for the mass slaughter of elephants, ...
Veteran White activist takes the reins in Zimbabwe’s second-biggest city
David Coltart is an anomaly: the White mayor of Bulawayo, Zimbabwe’s second-largest city, placed in office by an ...
Remains of South African freedom fighters arrive home from Zimbabwe and Zambia
South African officials say the remains of 49 freedom fighters who died while exiled in Zimbabwe and Zambia during the ...
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Franchise Cricket's Impact on Zimbabwe's Rise in International Cricket
Zimbabwe's T20 skipper Sikandar Raza credits franchise cricket with improving the skills of players from lower-ranked nations ...
China Mining Firms Partner with Zimbabwe on Lithium Mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit ...
Cricket-Zimbabwe's Raza hails impact of franchise cricket on lower-ranked nations
Players from lower-ranked nations have limited opportunities to learn from competing with top-tier teams but franchise ...
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Zimbabwe currency shock is central banker’s first taste of chaos
Spread This NewsBloomberg Zimbabwe’s latest attempt to introduce a new currency is coming undone, just five months after ...