Zimbabwe Inflation Surges After Currency Devaluation ReutersOct. 25, 2024 Millions in Southern Africa Facing Worst Food Crisis in Decades, Warns WFP ReutersOct. 15, 2024 Zimbabwe Reports First Two Mpox Cases of Unspecified Variant ReutersOct. 13, 2024 ...
Bitcoin vs. Ethereum: Which Is Better? The two leading cryptocurrencies have continued their bullish momentum in 2024. Wayne DugganNov. 22, 2024 ETFs That Outperform the S&P 500 Ever wonder which ETFs do the best job at beating the benchmark index? This list is a good place to start. ...
Top Stories Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market December 4, 2024 Zimbabwe 2025 citizens’ budget November 28, 2024 To go or not to go- Mnangagwa in a quandary November 25, 2024 ZiG loses steam, falls against US dollar for five consecutiv...
The central bank, Reserve Bank of Zimbabwe (RBZ) has released the latest interbank foreign currency exchange rate and prices for gold coins and digital gold-backed tokens. The tokens represent the digital form of the actual gold held by the RBZ. The value of a ZiG is quoted daily on the ...
In April, the Reserve Bank of Zimbabwe (RBZ) introduced a new currency, Zimbabwe Gold (ZiG), in an effort to address currency volatility and exchange rate-driven inflation. The ZiG is trading at a rate of US$1:13 ZiG. The RBZ has urged all banking sector participants to make the necess...
JOHN Mushayavanhu, the new Reserve Bank of Zimbabwe (RBZ) governor, yesterday put his head on the block declaring that "not under my watch" will the apex stray from its core functions as he launched a structured currency seen as the last-ditch bid to the local currency crisis.For the ...
While some segments of the financial markets look at gold and silver as pet rocks or doorstoppers, it's interesting that as nations around the globe continue to run into currency troubles, they keep turning to gold and silver. The latest news is that Zimbabwe is now considering using gold...
2. The value of the Zimbabwe dollar will depreciate on currency markets to over 70:1 against the US dollar by the year-end. The dollar is already trading freely in local markets at 55 to 65: 1 against the local currency. Tobacco traders and gold producers continue to be forced to operat...
Currently, Zimbabwe is using electronic money known as RTGS, bond notes and coins after it banned the U.S. dollar in June this year which had been the trading currency alongside eight other currencies since 2009. Zimbabwe has grappled with cash challenges for years, resulting in some businesses...
"We are not yet ready for our won currency until we have done certain things which include addressing the budget deficit, addressing the issue about import cover. If I got six months cover, that is good enough but at the moment its0.7months cover. This is not good enough. ...