The Reserve Bank of Zimbabwe devalued the ZiG by 43% on 27 September 2024. This weakened the official exchange rate from 13.9 ZiG per US dollar to 24.4 ZiG per US dollar. The ZiG (Zimbabwe Gold) is ...
When Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG) launched on 5 April, it was marketed as a catch-all solution to Zimbabwe’s currency woes. But the latest recalibration of the country’s ...
Negative perceptions of the local ZiG currency must be changed so that the nation quickly moves towards the realisation of a mono-currency economy, a top Central Bank official has said. Speaking ...
As people struggle to access Zimbabwe’s newest currency, the ZiG (Zimbabwe Gold), illegal money changers across the country are emerging, offering higher rates of exchange for those in desperate need ...
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