Search / Currency stability
Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 726 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 134 | by Staff reporter
Starafrica feels the pinch of sugar tax
Local sugar producer Starafrica Corporation says it is grappling with weak demand for industrial sugar, with the government-imposed sugar tax on beverages negatively affecting some of its key customer...Published: 04 Jul 2025 at 12:33hrs | 94 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 194 | by Brighton Musonza
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1072 | by Staff reporter
Zimbabwe gold reserves rise to 3.4 metric tonnes
President Emmerson Mnangagwa today inspected the Reserve Bank of Zimbabwe (RBZ) vaults, where he was briefed on the status of the country's national gold reserves, which now stand at an impressive 3.4...Published: 19 Jun 2025 at 16:47hrs | 103 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 165 | by Staff reporter
Zimbabwe records strong forex surplus
Zimbabwe has experienced sustained foreign currency inflows that not only meet its external payment obligations but have generated a substantial surplus averaging US$400 million per month over the 14-...Published: 01 Jun 2025 at 14:35hrs | 163 | by Staff reporter
Zimbabwe targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 126 | by Staff reporter
RBZ's market-determined exchange rate spurs ZiG stability
The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...Published: 04 May 2025 at 09:15hrs | 811 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11664 | by Staff reporter
OK Zimbabwe begins restocking after weeks of empty shelves
Troubled retailer OK Zimbabwe has announced that it has started restocking its outlets following weeks of empty shelves and temporary closures due to macroeconomic challenges, particularly exchange ra...Published: 17 Feb 2025 at 12:37hrs | 1675 | by Staff reporter
World Bank implores Zimbabwe to maintain tight money supply
The World Bank has urged Zimbabwe to maintain its tight monetary policy stance and resist spending pressures to control inflation and ensure lasting exchange rate stability.Inflation in Zimbab...Published: 17 Feb 2025 at 09:00hrs | 257 | by Staff reporter
Mnangagwa urges timely distribution of food aid amid drought
Zimbabwean President Emmerson Mnangagwa has called for timely and efficient aid distribution to people facing food shortages resulting from an El Nino-induced drought."The timely delivery of f...Published: 19 Dec 2024 at 16:53hrs | 131 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 104 | by Staff reporter
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 378 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 172 | by Staff reporter
Zanu-PF pushes for accelerated de-dolarisation
The ruling Zanu-PF party has resolved to accelerate Zimbabwe's de-dollarisation process and strengthen the Zimbabwe Gold Currency (ZiG) as the country's sole legal tender. This decision was among key ...Published: 29 Oct 2024 at 13:50hrs | 4008 | by Staff reporter
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 615 | by Staff reporter
Zimbabwe govt working on currency stability
In a comprehensive State of the Nation Address delivered yesterday at the new Parliament Building in Mt Hampden, President Emmerson Mnangagwa highlighted the government's ongoing efforts to stabilize ...Published: 03 Oct 2024 at 08:47hrs | 172 | by Staff reporter
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 851 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6042 | by Staff reporter
'ZiG acceptance rate reaches 91%'
Zimbabwe's local currency, ZiG, has seen a significant boost in public confidence, with acceptance rates soaring to 91% from 61% since its launch in April 2024, according to Reserve Bank of Zimbabwe G...Published: 31 Aug 2024 at 11:12hrs | 1788 | by Staff reporter
'ZiG scarcity a recipe for disaster'
Opposition party Labour Economists and Afrikan Democrats (LEAD) has raised concerns about the scarcity and lack of confidence surrounding Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG)....Published: 17 Jul 2024 at 07:29hrs | 859 | by Staff reporter
Zimbabwe's central bank projects 5% annual inflation
The Reserve Bank of Zimbabwe (RBZ) anticipates annual inflation to decline sharply to just 5% by the end of the year, supported by stability in the Zimbabwe Gold (ZiG) currency and exchange rates. ...Published: 28 Jun 2024 at 07:45hrs | 2 | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 85 | by Tonderai Ndoro
'ZiG a game changer for economy'
President Mnangagwa has hailed the Zimbabwe Gold currency (ZiG), backed by gold, as a robust strategy for achieving currency stability and fostering economic growth. Speaking at the 10th CEO Africa Ro...Published: 17 Jun 2024 at 08:56hrs | 1 | by Staff reporter
Mnangagwa urges Zimbabweans to trust the ZiG currency
President Emmerson Mnangagwa has urged industry leaders to trust in the Zimbabwe Gold (ZiG) currency, introduced to replace the unstable Zimbabwean dollar. Speaking at the 10th CEO Africa Roun...Published: 14 Jun 2024 at 07:21hrs | 9 | by Staff reporter
Zimbabwe govt threatens to sanction businesses
The government has issued a warning to businesses found pricing their goods and services above the official exchange rate in a bid to stabilize the newly introduced currency, Zimbabwe Gold (ZiG)....Published: 28 May 2024 at 10:17hrs | 12 | by Staff reporter
Zimbabweans are distraught by financial trauma
GOOD day, President Emmerson Mnangagwa.Your Excellency, as I see it, Zimbabweans are emotionally drained. They are overwhelmed by the severity of deprivation caused by the collapse of currenci...Published: 22 May 2024 at 09:52hrs | 17 | by Cyprian Muketiwa Ndawana
'Zimbabweans will stampede for ZiG by June'
Reserve Bank of Zimbabwe (RBZ) Governor, Dr. John Mushayavanhu has highlighted the impending surge in demand for the Zimbabwean dollar (ZiG) anticipated to occur by June. This surge is expecte...Published: 18 May 2024 at 11:47hrs | 110 | by Staff reporter
ZiG Currency: Catalyzing Zimbabwe's Middle-Income Pursuit - Empowering Economic Well-being
Zimbabwe has taken a crucial step in revitalizing the economy and instilling trust in the financial sector by introducing the groundbreaking Zimbabwean Gold-backed Dollar (ZiG) as the official replace...Published: 10 Apr 2024 at 22:17hrs | 3 | by Elvis Dzvene
Zimbabwe needs political change, not currency change
ZIMBABWE NEEDS POLITICAL CHANGE NOT A CURRENCY CHANGE.... A currency is a bundle of trust and confidence. A currency is not a currency without confidence and value. Money represents a collecti...Published: 07 Apr 2024 at 11:02hrs | 20 | by Nelson Chamisa
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | 11 | by Dr Bekithemba Mpofu
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | 2 | by Staff reporter
'Zimdollar will be defended'
THE Zimbabwe dollar will continue to be promoted and defended as it is crucial in boosting the operations of some companies, especially in the cooking oil sector, Finance, Economic Development and Inv...Published: 04 Mar 2024 at 04:42hrs | 1 | by Staff reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | 4 | by Staff reporter
Fresh measures to prop up Zimdollar
The GOVERNMENT is set to unveil new interventions, which may include reforming the foreign currency auction system and boosting foreign currency supply in the market, to deal with the recent volatilit...Published: 21 Jan 2024 at 07:27hrs | 1 | by Staff reporter
Zimdollar exchange rate bolts
MARKET watchers have predicted a gloomy 2024 outlook amid a galloping exchange rate, steep taxation and an ever tanking economy, NewsDay reported.As usual, this is heavily impacting on ordinar...Published: 08 Jan 2024 at 05:36hrs | 14 | by Staff reporter
Zimdollar worse off since 2022
THE local currency, the Zimbabwean dollar, has continued to depreciate against the United States dollar on an unrestrained trajectory, despite various measures implemented by the Reserve Bank of Zimba...Published: 03 Dec 2023 at 19:20hrs | 12 | by Tinashe Duma
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 16 | by Staff reporter
Mthuli Ncube to prioritise Zimdollar stability
FURTHER stabilising the Zimbabwe dollar and consolidating economic growth will be prioritised in the 2024 budget, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube...Published: 12 Nov 2023 at 11:43hrs | 12 | by Staff reporter
UN tells Zimbabwe to make changes to attract FDI
The United Nations (UN) has urged Zimbabwe to implement necessary changes to attract foreign direct investment (FDI) as global foreign assistance diminishes, moving away from quiet diplomacy. This adv...Published: 12 Oct 2023 at 06:41hrs | 2 | by Staff reporter
Will the new ‘ZiG' ‘gold backed' digital currency alleviate Zimbabwe's currency stability woes?
THE chronic problem of Zimbabwe's economy has its roots in the land reform activities that began more than 30 years ago.The principle of ‘ethnic balance' in land ownership was fair. The prob...Published: 08 Oct 2023 at 08:02hrs | 2 | by John Mc Keown
Chamisa vows not to victimise Mnangagwa
If the confidence shown by the two main rivals in Zimbabwe's general elections is any indication, the country will see a very tight race this week.And if the energy shown by their supporters i...Published: 21 Aug 2023 at 21:12hrs | 11 | by Staff reporter
Mthuli Ncube pleads with Zimbabweans to embrace Zimdollar
TREASURY boss Mthuli Ncube has pleaded with Zimbabweans to embrace the local currency for the country to achieve growth and stability objectives of National Development Strategy 1 economic blueprint....Published: 12 Aug 2023 at 07:53hrs | 10 | by Staff reporter
Dollarisation key at this juncture
THE instability in the country's macroeconomic environment is a serious cause for concern and solutions should be sought as a matter of urgency.Macroeconomics is a branch of economics that stu...Published: 15 Jun 2023 at 06:49hrs | 1 | by Johannes Marisa
'Black market rates to fall,' dreams RBZ
THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency...Published: 23 Apr 2023 at 07:48hrs | 1 | by Staff reporter
'Zimbabwe inflation slowing down'
THE Finance ministry claims that the country's inflation is slowing down on a monthly basis, despite the local currency currently being hammered by other currencies, chiefly the greenback.Last...Published: 06 Feb 2023 at 04:55hrs | | by Staff reporter
RBZ takes charge of in-kind mining royalties
THE Reserve Bank of Zimbabwe (RBZ) will assume responsibility for collecting, holding, and managing reserve assets from the 50 percent in-kind mining royalties in line with the latest regulations whil...Published: 26 Jan 2023 at 07:32hrs | 2 | by Staff reporter
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