HARARE (Reuters) -Five months after its launch, Zimbabwe's new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government's plan to make it the only currency in the market by 2026. The gold-backed ZiG, which stands for Zimbabwe Gold...
HARARE, May 21 (Reuters) - Zimbabwe’s RTGS dollar currency on Tuesday traded 31% weaker against the U.S. dollar on the official interbank market, its biggest one-day fall since Feb 22, traders said. The slide came a day after the central bank announced
The once-prosperous southern African nation of 15 million people in April introduced a new gold-backed currency called ZiG, short for Zimbabwe Gold, to replace one that had been battered by depreciation and often outright rejection by the people. It is the country’s...
The Reserve Bank of Zimbabwe (RBZ) has released figures on the latest foreign currency interbank rates, as at 11 September 2024. Apparently, the RBZ figures comes at the time the local currency is falling drastically on the black market. ...
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The 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 R...
currency you choose. The website is regularly updated, ensuring that the gold prices displayed are always accurate. Whether you're an investor or simply interested in keeping up with the latest gold prices, this website is an excellent resource for staying informed about the current value of ...
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...
Zimbabwe’s new currency, the ZiG (Source: France24) As stated earlier, it is no secret that inflation is particularly high in Zimbabwe and has been for many years. Last week, the government of Zimbabwe has introduced a new gold-backed currency calledZiG, which stands forZimbabwe Gold, in...
Zimbabwe has started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the people.