(Bloomberg) -- Zimbabwe’s new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit ...

Zimbabwe will launch a digital currency next month by introducing "tokens" that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country's ...

HARARE, Zimbabwe (AP) — Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the ...

The Zimbabwe ZiG currency has moved sideways this year as it outperformed many of its peer currencies. Data provided by the central bank shows that the exchange was trading at 26.7 today, August 19, ...

(Bloomberg) -- The greenback has replaced the Zimbabwean dollar as the most-used currency in the southern African nation for a second time, almost four years after the re-introduction of the local ...

Zimbabwe liberalized its foreign-exchange market and raised interest rates, among a new raft of measures aimed at stabilizing the nation’s currency and reining in resurgent inflation. The central bank ...

HARARE, Zimbabwe — Festus Nyoni picked out a few items in a supermarket in Zimbabwe’s capital, looked at the prices and knew she was in the wrong place. She abandoned her shopping cart and headed for ...

As of 21 April 2023, the Reserve Bank of Zimbabwe’s (RBZ) exchange rate stood at ZW$982. The black market rate is currently as high as ZW$1900, a huge cap that diminishes foreign investors’ appetite.