Zimbabwe, ZiG currency
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 Devalues New Gold-Backed Currency by 44%
Zimbabwe's gold-backed ZiG currency has depreciated by 44% against the U.S. dollar, moving from 14 to 25 per dollar. This significant devaluation was reported by Bloomberg News and confirmed by the Bankers Association of Zimbabwe President Lawrence Nyazema.
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’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.
Zimbabwe1h
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 ...
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 ...
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 ...
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 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, ...
EWN Sport48m
Zimbabwe & Zambia proud to have supported SA's liberation movements during apartheid
Representatives of both nations delivered a message of support at the homecoming ceremony of freedom fighters who died while ...
Moneyweb2h
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, ...
The Zimbabwe Mail14m
Zimbabwe’s Inflation Soars to 880% as Currency Crisis Worsens, Warns Economist Steve Hanke
US-based economist and currency expert Steve Hanke has raised alarm over Zimbabwe’s skyrocketing inflation, which he ...