ZiG, Zimbabwe
Zimbabwe’s Gold-Backed ZiG Weakens Further After Devaluation
Zimbabwe’s gold-backed currency, which was devalued by 43% by the central bank on Sept. 27, remained under pressure on Monday.
Zimbabweans reject the ZiG as the “gold-backed” currency loses value again within 72 hours of devaluation
Zimbabwe's newly introduced gold-backed currency, the ZiG, continues its downward spiral against the US dollar, raising concerns about the nation's economic stability. Despite being devalued by a significant 43% by the Reserve Bank of Zimbabwe (RBZ) just last Friday,
Zimbabwe's ZiG currency falls over 40% on interbank market
Zimbabwe's gold-backed ZiG currency fell more than 40% against the U.S. dollar on the interbank market from Thursday to Friday, the central bank's website showed. The Reserve Bank of Zimbabwe's website gave the mid rate for ZiG as 24.
Zimbabwe’s new currency, ZiG, falls over 40% against the Dollar after government decision
Zimbabwe's new currency, the ZiG, has experienced a depreciation of over 40% after the country's central bank made recent adjustments
Zimbabwe Devalues ZiG as Latest Bid for Stable Currency Founders
Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG amid deep skepticism that the nation’s latest bid to create a viable local unit would succeed.
Zimbabwe allows currency to slump over 40%, hikes policy rate
Zimbabwe's central bank allowed the local gold-backed currency to fall over 40% against the dollar on Friday and hiked its policy rate, giving in to weeks of sustained pressure on the currency which was only launched in April.
Zimbabwe knocks 40% off value of gold-backed currency
Zimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last ditch effort to stabilise the country's volatile economy, is in trouble. The Reserve Bank of Zimbabwe (RBZ) made the decision to slash the local exchange rate to 24 Zig to $1 (£0.
Zimbabwe said to cut value of gold-backed ZIG by 44%
Zimbabwe has devalued its gold-backed currency, the Zimbabwe Gold (ZiG), selling it to banks at a rate 44% lower than the prevailing dollar exchange rate. ・Zimbabwe devalued its gold-backed currency,
Bulawayo 241h
Zinasu protests ZiG devaluation
The Zimbabwe National Students Union (Zinasu) has voiced its concerns over the rapid devaluation of the local currency, ...
eNCA on MSN2d
Retailer complaints lead to zig-nificant devaluation
HARARE - Zimbabwe has slashed the value of its new currency, the ZiG, by 40 percent. The Central Bank was responding to ...
News Day2d
When hubris overrides national interest: The failure of the ZiG
In conclusion, the introduction of the ZiG was a classic example of hubris overriding national interest. By rushing to ...
Bulawayo 241h
Supermarkets, vendors reject ZiG
In a significant economic shift, supermarkets, vendors, commuter omnibus operators, and tuckshops across Zimbabwe have stopped accepting payments in the local ...
Farnham Herald23h
Good times on tap in Selborne as Zig Zag Fest returns
The hills will be alive with the sound of music this weekend as a village near Alton is warming up for a milestone festival.
News Day3d
RBZ devalues ZiG. . . it’s too little too late, says analyst
THE Reserve Bank of Zimbabwe (RBZ) yesterday devalued the Zimbabwe Gold (ZiG) to ZiG24,39 per dollar from ZiG13,99 in the ...
Weather Fact Wednesday: Why Does The International Date Line Zig-Zag?
Was there ever a time you wished you could travel through time? Just cross the International Date Line (IDL), that’s how.
AllAfrica.com1d
Zimbabwe: 'Is ZiG Collapse Linked to Mnangagwa SADC Chairship, Activities Preceding Summit'- Asks Opposition Senator Pleading Transparency
Senator Cecil Zvidzai has pleaded with Zimbabwean to be truthful when addressing national issues that affect citizens' ...