Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the ...

Zimbabwe stands at a critical juncture in its economic history and the resolutions from the recent ZANU PF 21st Annual National People's Conference reflect a proactive approach towards stabilising and ...

A core resolution from the ZANU PF conference was to strengthen the purchasing power of the ZiG. Strengthening the ZiG is ...

Zimbabwe’s ZiG currency, launched in April 2024, has experienced a sharp decline in value, losing 100% in just five months.

Despite a sharp devaluation of Zimbabwe’s gold-backed currency and surging inflation, Finance Minister Mthuli Ncube remains ...

Zimbabwe wants its gold-backed currency to float freely on the foreign exchange market, the central bank's deputy governor ...

The switch from the current system, where the central bank sets a daily price and permits incremental day-to-day changes, ...

The recent closure of once-thriving retail outlets due to the economic meltdown, driven by currency depreciation, has ...

Zimbabwe’s gold-backed currency posted its first gain in more than two weeks, suggesting that tighter monetary policy is ...

Spread This NewsBy Business Reporter RESEARCH and stockbroking firm, IH Securities has ranked the ZWG currency as the worst ...

Source: Old Mutual shifts investment strategy amid currency woes -Newsday Zimbabwe FINANCIAL services firm, Old Mutual Zimbabwe (OMZ), is skewing its investment portfolios towards those that carry ...

However, since its launch, the ZWG has depreciated by over 70% against the US dollar, casting doubts over its long-term viability. This marks Zimbabwe’s sixth attempt to establish a stable currency in ...