Less than six months after Zimbabwe launched yet another new currency, it was forced to devalue it, signalling new challenges for the Southern African country’s efforts to stand up a local ...

Zimbabwe’s new currency, the ZiG, strengthened after its debut, the central bank in the country said. The currency gained 0.2% to 13.50 per US dollar, according to data published on the Reserve ...

Explore why the Zimbabwe ZiG currency faces a grim future as its demand among businesses and residents plummet.

When the Zimbabwe Gold (ZiG) currency was launched a year ago, few could have predicted the quiet revolution it would spark.

Traditional stores are struggling to survive as the volatility of Zimbabwe's new currency pushes prices up. Many like Pabwe now shun them for much cheaper informal markets that pop up at night to ...

Spread This NewsBloomberg Gold and foreign currency reserves backing Zimbabwe’s bullion-linked unit have risen more than ...

The new currency will be backed by reserves of foreign currency and precious metals mined in the country HARARE, April 5. /TASS/. Zimbabwe has rolled out a new national currency called Zimbabwe ...

The Reserve Bank of Zimbabwe (RBZ) last week introduced a new set of denominations ... has slashed zeros from the amount of its worthless currency -- the latest being 10 zeros in August.

Spread This NewsBusiness Report Nampak has concluded agreements for the disposal of its Zimbabwean unit, with the transaction ...

The highest note on the new set is 500 Zimbabwe dollars. Many Zimbabwean traders have stopped accepting the local currency, preferring foreign currency due to the hyperinflationary environment.

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.