Zimbabwe's inflation rate officially at 231 million percent as of last July ... governor of the Reserve Bank of Zimbabwe. "Accordingly, therefore, this monetary policy statement unveils yet ...

Senior officials from the Reserve Bank of Zimbabwe ... going for more than 500 million Zimbabwe dollars. John Mushayavanhu, the governor of Zimbabwe's central bank, has hyped the ZiG as a first ...

Speaking in Harare after seeing the assets of the Reserve Bank of Zimbabwe, John Mushayavanhu ... with reserves of gold and other minerals worth $175 million. “I have taken over the control ...

The Reserve Bank ... dollar has lost almost 75% of its value this year alone. Source: Amalgamated Rural Teachers Union of Zimbabwe The ZiG is backed by 2.5 tons of gold and $100 million in foreign ...

ZiG has lost almost 80% of its value on the black market Central bank says it injected $64 million this month to address dollar demand ... an injection of $50 million by the Reserve Bank in ...

Zimbabwe Gold (ZiG) is a new gold-based currency introduced by John Mushayavanhu, the manager of the Reserve Bank of Zimbabwe. Zimbabwean dollars ... still has $300 million in bank accounts.

The sudden drop of the gold backed currency, known as ZiG, began Friday shortly after the Reserve Bank of Zimbabwe ... 50 on the black market. Before Friday it was trading at 35 ZiG to 1 U.S. dollar.

With the introduction of the Zimbabwe Gold (ZiG ... with the Trade and Development Bank to US$50 million. What this clearly signals is that phasing out the US dollar from the banking sector ...

HARARE, April 5 (Reuters) - Zimbabwe is ... The central bank also said on Friday that it had $100 million in cash and 2.52 tonnes of gold worth $185 million in reserve assets.

Despite the devaluation, there are still huge gaps between official and parallel rates: By October 23, the ZiG was pegged at 40 to 50 to the dollar ... he added. Zimbabwe Reserve Bank Governor ...

On Tuesday, the currency maintained its position and traded at 13.53 to the dollar, according to data from the Reserve Bank of Zimbabwe’s ... be fully backed by $100 million in cash and 2,522 ...

The Reserve Bank of Zimbabwe (RBZ ... market from borrowing for currency speculation purposes. The phased-out Zimbabwe dollar (ZWL) had lost over 65 percent of its value between January and ...