Bulawayo24 News - Skyes! "it makes perfect sense"

Zimbabwe gold loans-to-deposit ratio rises

Zimbabwe Gold (ZiG) has seen its loans-to-deposit ratio (LDR) climb from 30 percent at its launch in April 2024 to 46 percent, the Reserve Bank of Zimbabwe (RBZ) reported, signalling growing adoption of the country's structured currency.Th…

Published: 13 Oct 2025 at 08:14hrs | | by Staff reporter

Bulawayo council loses revenue to illegal shops

The Bulawayo City Council (BCC) is losing significant potential revenue due to a growing number of shops operating illegally across the city.According to the la

Published: 12 Oct 2025 at 10:55hrs | | by Staff reporter

RBZ maps out 5-year transition to sole use of ZiG

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu says current market stability - marked by low inflation, a firm exchange rate, rising foreign reser

Published: 12 Oct 2025 at 10:54hrs | | by Staff reporter

RBZ reviews costs to promote ZiG use

The Reserve Bank of Zimbabwe (RBZ) is reviewing transaction costs and payment infrastructure as part of broader measures aimed at boosting confidence and encouraging wider use of the Zimbabwe Gold (ZiG) currency.In an interview, RBZ Govern…

Published: 11 Oct 2025 at 14:32hrs | | by Staff reporter

IMF's Bangladesh economists must stay out of Zimbabwe

The International Monetary Fund's (IMF) latest report on Zimbabwe's economy follows a familiar script - polite praise for modest progress, followed by subtle warnings and prescriptive reforms that often do more harm than good. At the heart…

Published: 08 Oct 2025 at 18:08hrs | 371 | by Changamire Dombo

Zimbabwe sets 2030 deadline for mono-currency regime

The Reserve Bank of Zimbabwe (RBZ) has announced that the country is on course to adopt a mono-currency system by 2030, with the Zimbabwe Gold (ZiG) set to become the sole legal tender for all domestic transactions.At present, Zimbabwe ope…

Published: 04 Sep 2025 at 07:28hrs | | by Staff reporter

Zimbabwe's digital transactions surge to ZiG89bn

Zimbabwe has seen a sharp rise in digital payments, with the value of retail transactions jumping 35 percent in the second quarter of 2025, according to the Reserve Bank of Zimbabwe (RBZ). The total value rose from ZiG66 billion in the fir…

Published: 02 Sep 2025 at 07:05hrs | | by Staff reporter

Zimbabwe central bank launches ZiG Confidence survey

THE Reserve Bank of Zimbabwe (RBZ) has embarked on a fresh nationwide survey to assess confidence in the Zimbabwe Gold (ZiG) currency, more than a year after it was introduced as the country's sole legal tender.ZiG was launched on April 5,…

Published: 02 Sep 2025 at 05:53hrs | | by Staff reporter

Govt to absorb 22,000 Community Health Workers into civil service

Zimbabwe will integrate 22,000 Community Health Workers (CHWs) into the civil service by the end of the year as part of efforts to strengthen primary health care amid dwindling donor support, Health and Child Care Minister Dr. Douglas Momb…

Published: 28 Aug 2025 at 06:54hrs | | by Staff reporter

Inflation slowdown boosts confidence in ZiG stability

Zimbabwe recorded a marked slowdown in price growth in August, strengthening government claims that currency reforms are beginning to stabilise the economy, despite year-on-year inflation remaining high.Data released by the Zimbabwe Nation…

Published: 28 Aug 2025 at 06:54hrs | | by Staff reporter

RBZ begins production of redesigned ZiG banknotes

The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transition to a mono-currency regime within the …

Published: 26 Aug 2025 at 07:55hrs | | by Staff reporter

Zimbabwe is losing over US$6bn to illicit financial flows

Zimbabwe is losing an estimated US$6,15 billion to illicit financial flows (IFFs) between 2020 and 2025, a drain that experts say is depriving the country of critical resources needed for development.IFFs involve the illegal movement of mo…

Published: 25 Aug 2025 at 06:01hrs | | by Staff reporter

RBZ to engage mobile operators on currency parity

The Reserve Bank of Zimbabwe (RBZ) has announced plans to work with mobile network operators to ensure parity in trading between the local gold-backed Zimbabwe Gold (ZiG) currency and the US dollar under the multicurrency system. The move …

Published: 25 Aug 2025 at 06:00hrs | | by Staff reporter

ZWG acceptance still a challenge says Hippo Valley

Hippo Valley Estates Limited (HVEL), one of Zimbabwe's sugar producers, has raised concern over the continued rejection of the Zimbabwe Gold (ZWG) currency in the market despite relative exchange rate stability.The sugar producer noted tha…

Published: 19 Aug 2025 at 09:05hrs | | by Staff reporter

ZiG gains traction in domestic transactions

The Zimbabwe Gold (ZiG) currency is gaining momentum in the domestic financial system, now accounting for 40 percent of electronic payment transactions, six months after a strategic push by the Reserve Bank of Zimbabwe (RBZ).According to R…

Published: 19 Aug 2025 at 08:53hrs | | by Staff reporter

2030: Zimbabwe will be using domestic currency

THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and economic certainty by 2030.Zimbabwe curren…

Published: 13 Aug 2025 at 12:35hrs | | by Staff reporter

Zera reviews ZiG fuel prices downwards

The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's routine monthly review of fuel costs base…

Published: 10 Aug 2025 at 19:20hrs | 5 | by Staff reporter

RBZ cracks down on ZiG rejection

The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Mushayavanhu decrying widespread disregard o…

Published: 09 Aug 2025 at 13:28hrs | | by Staff reporter

'ZiG outperforms regional peers'

The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several regional currencies within the Southern African Development Community (SADC) and beyond.I…

Published: 08 Aug 2025 at 13:02hrs | | by Staff reporter

RBZ upholds tight monetary policy to protect ZWG

The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease borrowing costs.Delivering the Mid-Term Mo…

Published: 08 Aug 2025 at 08:59hrs | | by Staff reporter

Gold Backed Currency vs Dollarisation: Lessons from Zimbabwe's New ZiG

Since April 2024, Zimbabweâ€‰has started aâ€‰new monetary policyâ€‰by introducing a gold-backedâ€‰currency known as the Zimbabweâ€‰Gold (ZiG), toâ€‰get rid ofâ€‰its reliance on theâ€‰U.S. dollar. In theâ€‰first few months,â€‰the central ba…

Published: 03 Aug 2025 at 23:27hrs | 13 | by Staff Reporter

Illegal logging costs Zimbabwe millions

Deep in the misty Eastern Highlands, along the Zimbabweâ€“Mozambique border, the whine of chainsaws has replaced the natural chorus of birdsong. Towering indigenous and exotic trees, some centuries old, are falling to unchecked, illegal lo…

Published: 01 Aug 2025 at 08:29hrs | | by Staff reporter

Zimbabwe's rebasing pushes GDP to US$45,7bn

The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7â€¯billion and gross national income (GNI) per capita above US$3â€¯000 - even as exchange rate distortions cloud the tru…

Published: 01 Aug 2025 at 08:27hrs | | by Staff reporter

Zimbabwe govt mulls fresh taxes

Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating the formal economy.The announcement co…

Published: 01 Aug 2025 at 08:02hrs | | by Staff reporter

Zimbabwe's July inflation shows mixed trends

The latest inflation figures released by the Zimbabwe National Statistics Agency (ZIMSTAT) for July 2025 show a modest rise in prices for goods and services measured in both the United States Dollar (USD) and Zimbabwe Gold (ZiG), with nota…

Published: 28 Jul 2025 at 18:58hrs | | by Staff reporter

Zimbabwe's plan to make ZiG sole currency faces sharp criticism

Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's claims of ZiG's growing stability, econo…

Published: 18 Jul 2025 at 08:52hrs | | by Staff reporter

Zimbabwe central bank increases ZiG liquidity to ZWG2bn

The Reserve Bank of Zimbabwe (RBZ) has raised the daily Zimbabwe Gold (ZiG) liquidity in the market from ZWG1.5 billion to ZWG2 billion in a move aimed at easing concerns over currency shortages and boosting economic activity.The developme…

Published: 27 Jun 2025 at 18:25hrs | | by Staff reporter

It will take more than Mnangagwa's gold vault tour to restore public trust in the ZiG

There's a saying: trust is built over time - but can be destroyed in an instant, and once broken, confidence is not only shattered, but painfully difficult to rebuild.President Emmerson Mnangagwa's recent visit to the Reserve Bank of Zimba…

Published: 23 Jun 2025 at 18:56hrs | 352 | by Tendai Ruben Mbofana

Mushayavanhu under fire for outdated monetary assumptions

Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed by gold pound-for-pound - an outdated no…

Published: 20 Jun 2025 at 16:32hrs | 495 | by Staff reporter

'Zimbabwe gold-backed currency stable' but ...

Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the parallel market.The Reserve Bank of Zimba…

Published: 18 Jun 2025 at 18:30hrs | | by Staff reporter

RBZ says there is enough ZWG supply

The Reserve Bank of Zimbabwe (RBZ) has assured the public that there are sufficient stocks of the Zimbabwe Gold (ZWG) notes in circulation to meet current demand, despite widespread complaints across the country about the unavailability of…

Published: 18 Jun 2025 at 07:32hrs | | by Staff reporter

ZiG ranked second worst performing currency

 In a stark contrast of fortunes, Ghana's Cedi has emerged as the world's strongest-performing currency in 2025, gaining nearly 50% against the United States dollar, while Zimbabwe's Zimbabwe Gold (ZiG) ranks as the second worst, havi…

Published: 11 Jun 2025 at 11:26hrs | 1057 | by Staff reporyter

IMF wants Zimbabwe's gold-backed ZiG to become sole currency

The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) that could unlock much-needed debt restr…

Published: 11 Jun 2025 at 09:05hrs | | by Staff reporter

New high-quality ZiG banknotes on the way

The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new series of improved Zimbabwe Gold (ZiG) banknotes in denominations of ZiG10, ZiG20, ZiG50, ZiG100, and ZiG200, Governor John Mushayavanhu has announced.The phased rollout of the e…

Published: 03 Jun 2025 at 11:53hrs | 858 | by Staff reporter

Zimbabwe gold reserves surge to nearly US$700 million

The reserves backing Zimbabwe's structured currency, Zimbabwe Gold (ZiG), have soared to an impressive US$683 million, more than doubling since the currency's launch in April 2024 and significantly strengthening the currency's sustainabili…

Published: 01 Jun 2025 at 14:03hrs | 66 | by Staff reporter

ZiG inflation rises to 92%

Zimbabwe's annual inflation measured in the local currency (ZiG) surged to 92.1% in May 2025, up from April's 85.7%, signaling growing challenges for the Reserve Bank of Zimbabwe (RBZ) in containing the rising cost of living, Business Time…

Published: 31 May 2025 at 14:04hrs | | by Staff reporter

Zimbabwe schools warned against refusing ZiG

The government has issued a stern warning to schools that refuse to accept payment in the Zimbabwean Dollar (ZiG), stressing that such actions will result in disciplinary measures. This directive, which comes as the second school term kick…

Published: 13 May 2025 at 10:15hrs | 164 | by Staff reporter

Helidrive launches National Emergency Call Centre

HELIDRIVE National Air Rescue Services is setting up a national emergency call centre as part of its ambitious drive to streamline Zimbabwe's first publicly operated air ambulance system, with the ultimate goal of ensuring rapid medical re…

Published: 04 May 2025 at 09:16hrs | | 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 removal of rigid exchange rate controls pla…

Published: 04 May 2025 at 09:15hrs | 811 | by Staff reporter

Zimbabwe's ZiG currency risks extinction stoked by policy choices

Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike past currency collapses, which were driven by …

Published: 16 Apr 2025 at 22:45hrs | 85 | by Staff reporter

Zimbabwe's foreign currency reserves surge as ZiG gains stability

Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Bank of Zimbabwe (RBZ) has announced.In i…

Published: 13 Apr 2025 at 12:23hrs | | by Staff reporter

Zimbabwe fast-tracking ZiG banknotes rollout

The Reserve Bank of Zimbabwe (RBZ) is accelerating efforts to deliver new Zimbabwe Gold (ZiG) banknotes, with Governor Dr John Mushayavanhu assuring the public that the rollout will happen "in the shortest possible time," despite the compl…

Published: 06 Apr 2025 at 11:28hrs | 1077 | by Staff reporter

Zimbabwe central bank urges banks to increase ZiG lending

With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation has significantly diminished.This follow…

Published: 01 Mar 2025 at 08:56hrs | 205 | by Staff reporter

Zimbabwe's bullion-backed ZiG is missing out on gold's record run

Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Since the ZiG, short for Zimbabwe Gold, started tr…

Published: 14 Feb 2025 at 08:40hrs | 432 | by Staff reporter

Zimbabwe struggles to promote ZiG

THE Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which remains legal tender under the country's …

Published: 08 Feb 2025 at 12:52hrs | 585 | by Staff reporter

Central bank to improve design and quality of Zimbabwe Gold banknotes

The Reserve Bank of Zimbabwe (RBZ) is set to enhance the quality and design of Zimbabwe Gold (ZiG) banknotes to align with international standards, addressing public concerns over their durability and usability.RBZ Governor John Mushayavan…

Published: 07 Feb 2025 at 17:43hrs | 263 | by Staff reporter

Zimbabwe's GDP takes US$12bn knock

Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challenges faced by the country, including th…

Published: 14 Dec 2024 at 10:35hrs | 197 | by Staff reporter

RBZ keeps rates steady

Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks to stabilize the exchange rate and curb…

Published: 05 Dec 2024 at 06:55hrs | 478 | by Staff reporter

ZiG spawns upheavals in insurance industry

Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in 2009 still fresh, thousands of policyh…

Published: 24 Nov 2024 at 10:13hrs | 257 | by Staff reporter

Zimbabwe govt sinks in deep financial hole

The recent 43% devaluation of Zimbabwe's Zimbabwe Gold (ZiG) currency has exacerbated the government's financial crisis, leaving it struggling to meet its obligations while civil servants and other public sector workers bear the brunt of d…

Published: 19 Nov 2024 at 13:38hrs | 7767 | by Staff reporter

Search / Zig

UK family's move to Zimbabwe brings peace, happiness, & balance

Great Zimbabwe University radio presenter collapses and dies

Chiwenga warns Zanu-PF 'fatcats' again

Farmer's double murder trial stalls over gun tests

'Unstoppable Zanu-PF engine of the nation'

Heartless monster caged 50 years

Mombe yaMai project set to transform women's lives

Top CIO officer, Indian national up for stolen BMW

Chiwenga rides hostilities in Mutare

Mnangagwa's 2 moves that surprised delegates

Mliswa proposes Zanu-PF transition Presidium

SARS is in the business of celebrating hollow victories

Mnangagwa, Chiwenga project unity at Zanu-PF conference

Geza's protest call flops

Nkayi village buries murdered mother and her 2 children

'Local authorities driving up property prices'

Police Amendment Bill gazetted

Zanu-PF targets Parly for ED2030 agenda

Chiwenga urges Zanu-PF to uphold liberation ideals

King Mzilikazi sites included in 2026 Independence legacy projects

Mnangagwa urges Zanu-PF to prepare for the next elections

Zimbabwe on locusts high alert

Zimbabwe tightens vetting of student nurses

Chiwenga rallies for unity, integrity at Zanu-PF Conference

Unpacking Mnangagwa's legal coup against Chiwenga

Man sets mother-in-law's hut on fire

Chinese ambassador to Zim Ding hails Zanu PF conference as strategic

Police probe Chegutu murder case at Chipato Syndicate Mine compound

Zimbabwe targets $1 billion reserves

Man busted stealing diesel from NRZ

Jonathan Moyo fires back hard, using Jah Prayzah song

Chiwenga warns Zanu-PF 'fatcats' again

Mnangagwa's strategy against Chiwenga borrowed from Ramaphosa

Mliswa proposes Zanu-PF transition Presidium

Mnangagwa urges Zanu-PF to prepare for the next elections

Mnangagwa's 2 moves that surprised delegates

Nkayi village buries murdered mother and her 2 children

Unpacking Mnangagwa's legal coup against Chiwenga

Geza's protest call flops

Mutsvangwa, Tagwirei embrace sparks debate

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