The ZWD is no longer minted or recognized as the official currency of Zimbabwe: A series of unsuccessful attempts to establish a stable currency followed the cancellation of the ZWD. In April 2024, Zimbabwe began issuing the Zimbabwe Gold (ZiG), its latest attempt to stabilize its currency and...
It argues that the Zimbabwean crisis between 1998 and 2009 was in fact a series of crises, from infrastructural problems and disease to a depreciating currency and increasing militarism. The authors engage with resource politics and livelihoods (part 1), migration and disembedment (part 2), ...
Such partial fixes would do nothing to stop the underlying deterioration of their credit; think about how countries facing currency attacks throw up futile defenses, try to change the rules, and squander their reserves on the way down. You can see where this is going, but do not cheer. T...
Zimbabwe’s hyperinflation crisis led to the abandonment of the Zimbabwean dollar, and the country adopted a multicurrency system, with the US dollar and South African rand becoming the most widely used currencies. This move helped stabilize the economy, reduce inflation, and restore some level of...
Zimbabwe envisions being an upper-middle-income economy by the year 2030. The vision 2030 has infrastructure development as a stand-out pillar upon which it is founded. The vision envisages well-developed, modern, efficient and resilient infrastructure a
DID YOU KNOW?TheBritish poundis the world’s oldest currency that’s still in use, dating back to the 8th century. The newest currency in the world is theZimbabwe Gold (ZiG), made official on April 8, 2024, which replaced the Zimbabwean dollar. ...
An oversupply of money is the reason whyZimbabwean dollarshave to be counted in scientific notation. Cryptocurrency advocates like to point to this sort of thing as evidence for why fiat money is untrustworthy. We’ll look at that idea in a moment. ...
Its currency is worthless and corruption is endemic and completely distorts the exercise of power in the service of the majority. After 42 years of Independence we are again one of the most isolated countries, diplomatically, in the world. How could we screw up so completely – the answer ...
same tax and levy regime as the existing sector players,” according to the Telecommunications Operators Association of Zimbabwe (TOAZ) in a recent statement. TOAZ says satellite services are unlikely to plug the gap in the market, which is caused by low access to foreign currency and ...
Inflation is making it impossible for families to afford basic commodities they need to live day by day. A Chivhu resident who asked to be identified only as Innocent, said inflation is obliging many Zimbabweans to make a living by means that are sometimes “less than reputable”. ...