Zimbabwe shops impose limits amid panic-buying after huge …
WEB20 hours ago · Some shops across Zimbabwe have imposed "one item per person" rules for products such as milk to fend off panic-buying triggered by a new loss of faith in the country's latest currency. Last week, formal retailers warned the government they would go out of business if they were forced to continue selling at the artificially high official rate ...
Zimbabwe allows currency to slump over 40%, hikes policy rate
WEB5 days ago · The central bank's website gave the mid rate for the ZiG currency as 24.3902 to the dollar on Friday versus 13.9987 on Thursday, a 42.6% fall, according to Reuters calculations.
Zimbabwe knocks 40% off value of gold-backed currency - BBC
WEBThe Zig, which stands for Zimbabwe Gold, was launched over six months ago and is the country's sixth currency in 25 years. ... Go to BBCAfrica.com for more news from the African continent.
Zimbabwe’s ZiG is the world’s newest currency | AP News
WEBApr 30, 2024 · Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the people. The ZiG was introduced electronically in early April, but people are now able to use banknotes and coins.
Zimbabwe launches new gold-backed currency - ZiG - BBC
WEBApr 5, 2024 · Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for...
The ZiG is the world’s newest currency - World Economic Forum
WEBMay 17, 2024 · Zimbabwe has introduced a new currency called the ZiG. Zimbabwe's central bank said the country is “recalibrating its monetary policy framework”. However, it remains to be seen whether the ZiG can gain the confidence of consumers.
All About ZiG, Zimbabwe’s Latest Shot at a Stable Currency
WEBAug 8, 2024 · In the latest effort to devise a credible national currency, Zimbabwe in April replaced its dollar with the ZiG, short for Zimbabwe Gold. The new unit is backed by bullion and foreign currency ...
Zimbabwe Seeks Full Convertibility of ZiG Currency, Finance Chief …
WEBMay 2, 2024 · Zimbabwe will seek full convertibility of its new currency, the ZiG, as a way to further support the unit and protect it from collapse, according to Mthuli Ncube, the Finance Minister.
IMF Calls Zimbabwe Switch to ZiG Unit an ‘Important’ Step
WEBMay 23, 2024 · IMF Calls Zimbabwe Switch to ZiG Unit an ‘Important’ Step. Lender plans trip next month and will assess ZiG performance; Unit at highest level against dollar since launch last month
Zimbabwe launches ‘gold-backed’ currency to replace collapsing …
WEBApr 5, 2024 · Zimbabwe has replaced its collapsed local dollar with a new gold-backed currency, the latest move by President Emmerson Mnangagwa’s government to tackle decades of monetary chaos.