Zimbabwe, ZiG
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 ZiG as Latest Bid for Stable Currency Founders
Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG amid deep skepticism that the nation’s latest bid to create a viable local unit would succeed.
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 currency ZiG plummets by over 75%
The Reserve Bank of Zimbabwe (RBZ) today allowed the Zimbabwe Gold (ZiG) currency to fall by over 74% against the US dollar, following weeks of mounting
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 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 policy rate, giving in to weeks of sustained pressure on the currency which was only launched in April.
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,
The Zimbabwe Mail2h
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 ...
Zimbabwe17m
Zimbabwe’s new gold-backed currency devalues by 40%; central bank pegs official rate at ZWG24,39 against the US$
Friday announced that the official rate now stands at ZWG24,39 against the US$. This follows pressure from the markets and demands for the central bank to adopt a realistic exchange rate. The new anno ...
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.
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 ...
Zimbabwe3h
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 ...
Moneyweb4h
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, ...
AllAfrica.com5h
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.
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 ...