13th January 2025 / In PicturesBusiness Zimbabwe’s gold, foreign reserves up 87%; hit US$550 million 7th February 2025 / Business By Alois Vinga THE Reserve Bank of Zimbabwe's (RBZ) foreign currency reserves surged by 87% to reach US$550 million. At inception in April 2024, the Reserve...
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...
A BULLISH Reserve Bank of Zimbabwe (RBZ) governor, John Mushayavanhu, says the country’s new currency, the Zimbabwe Gold (ZiG), will be a success that will “silence all the doubting Thomases” who are questioning it. Speaking at an oversubscribed breakfast meeting ...
Zimbabwe's central bank has launched a new currency called the Zimbabwe Gold (ZiG), which is backed by gold reserves, in an effort to stabilize the country's struggling economy and combat high inflation. The new currency will replace the Zimbabwean dollar, which has lost almost 100% of ...
The southern African country's tobacco is renowned worldwide, contributing significantly to the country's foreign currency earnings, bringing in close to 1 billion U.S. dollars in export earnings, according to the TIMB. This year the first bale of the golden leaf was auctioned for 4.92 dollars...
The Central Bank continue to starve the market of Zimbabwe dollar bank notes forcing us to use US dollars and we all change our currency on the street because the bank rate is forcibly held far lower than you can get on the street. As I write you can get 6,100 Zimbabwe dollars for on...
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The new central bank chief was not worried about the black market, saying he had enough tools and reserves to back the new currency, challenging those sworn to operating in the black market and fuelling exchange rate volatility to dare and see if they could hurt the new domestic unit of tr...
HEAD of the Special Anti-Corruption Unit (SACU) in the Office of the President, Thabani Vusa Mpofu, has warned that vigorous investigations will be made into allegations of medical assassins who could be hiding behind the medical profession. “No stone s