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Zimbabwe, ZiG
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.
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’s gold-backed ZiG weakens past 14 per dollar to record low
On April 5, the ZiG replaced the Zimbabwean dollar, which depreciated more than 80% against the dollar in 2024 and lost value every single trading day this year until it was abandoned. The gold-backed currency is the nation’s sixth attempt at having a functioning local unit since 2009.
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.
16h
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 ...
1d
on MSN
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 ...
AllAfrica.com
1h
Zimbabwe Aims to Become a Key Blueberry Supplier
Zimbabwe is celebrating recent access for its avocados into China, but it is not the only segment on the rise, with its blueberry industry gearing up for rapid expansion.
3d
on MSN
Zimbabwe's retailers warn of store closures over exchange rate
Top Zimbabwean retailers have warned of potential store closures if the government insists on the use of an official exchange ...
4d
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, ...
10d
on MSN
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.
Africa Top Sports on MSN
8h
COSAFA U20: Eswatini stun hosts Mozambique as Zimbabwe, Botswana draw
Hosts Mozambique suffered a shock set-back when they were narrowly defeated 5-4 by neighbours Eswatini in exciting encounter ...
Moneyweb
36m
Zimbabwe said to devalue gold-backed ZiG 44% against dollar
The ZiG, backed by the nation’s gold and hard-currency reserves, was adopted in early April, replacing the Zimbabwean dollar, ...
News Day
7h
Spare a thought for Air Zimbabwe
UGANDA Airlines began flights to
Zimbabwe
on Wednesday in a major boost for the destination. The carrier, which will ply ...
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