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Zimbabwe's government: The biggest threat to its own currency

The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against the US dollar, further entrenching the widespre…

Published: 29 Sep 2024 at 15:25hrs | 3378 | by Tendai Ruben Mbofana

Introduction of ZiG Currency and its Economic Impact

On Friday the 5th of April 2024, the Zimbabwe Reserve Bank introduced a new "structured currency" called ZiG to tackle the ongoing economic crisis in the country. The new currency, Zim Gold (ZiG), will be backed by gold, and other precious…

Published: 08 Apr 2024 at 07:02hrs | 20 | by Matthew Dube Esquire

Allow the masses to trade in precious minerals, to bring stability to our Zim$ currency

Zimbabwe has had, what is now Refered to as a merry-go-round foreign currency policy, which has a five year cycle of a Zim$, dual currency and a USD$ and then back to Zim$. These cycles have been consistent for the last twelve years plus a…

Published: 25 Apr 2022 at 07:09hrs | 9 | by Jacob Kudzayi Mutisi

Zimbabwe Currency: Taking back control

Zimbabwe is on a journey. A marathon. Indeed, sometimes it feels more of a steeplechase. As although the journey has just begun, we have faced a multitude of challenges to overcome already. This was not unexpected. And as responsible econo…

Published: 29 Jun 2019 at 20:05hrs | 8 | by Prof Mthuli Ncube

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Search / Zimbabwe currency

Zimbabwe's government: The biggest threat to its own currency

Introduction of ZiG Currency and its Economic Impact

Allow the masses to trade in precious minerals, to bring stability to our Zim$ currency

Zimbabwe Currency: Taking back control

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