A liquidity crunch in Zimbabwe is deepening the economy’s embrace of the US dollar and undermining the bullion-backed ...

Spread This NewsBloomberg Gold and foreign currency reserves backing Zimbabwe’s bullion-linked unit have risen more than ...

Zimbabwe issued treasury bonds worth $308-million and made small cash payments to White farmers who were dispossessed of ...

The Zimbabwe dollar — the currency the country most recently ... that are equivalent to 0.4 tons of gold, according to Voice of America. The ZiG started trading on Monday at an exchange rate ...

Zimbabwe is set to become the first country to officially fold on the US’s new global tariffs, with its president saying he will suspend the nation’s own taxes on American goods to foster “a ...

A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed ...

Explore why the Zimbabwe ZiG currency faces a grim future as its demand among businesses and residents plummet.

An El Nino-induced drought hit crops in the region, and lower commodity prices hurt dollar earnings for Zimbabwe’s mineral exports. Consumer prices rose 5.8% in September, up from a 1.4% month ...

"This currency will be issued in the form of notes and coins. All reserves of the Zimbabwean dollar will be transferred to it. The new currency will be backed by reserves of foreign currency and ...

In September, after persistent weakness against the dollar, the Reserve Bank of Zimbabwe devalued the ZiG ... It has depreciated almost 4% this year. The stability measures have led to an ...