That set off a chaotic series of events: first the U.S. dollar was allowed as legal tender, then banned, then unbanned. A new “bond note” became legal tender, the Zimbabwe dollar was ...

The Reserve Bank of Zimbabwe (RBZ) last week introduced a new set of denominations ... against the U.S. dollar. Zimbabwe has had higher denominations than the $500 million note in the past.

The highest note on the new set is 500 Zimbabwe dollars. Many Zimbabwean traders have stopped accepting the local currency, preferring foreign currency due to the hyperinflationary environment.

New banknotes will start circulating in the economy from April 30, and the central bank will go on a publicity drive to raise awareness of the new currency. To foster demand for the ZiG, Zimbabwe ...

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

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

Zimbabwe's new gold-backed currency got ... Worthless overnight - The currency swap saw old banknotes - already of little value - become worthless overnight. In the Harare suburb of Kambuzuma ...

The former farm owners received dollar payments on March 24, he added. The payment is the latest attempt to resolve the decades-long dispute triggered by former Zimbabwean President Robert Mugabe ...

Gold and foreign currency reserves backing Zimbabwe’s bullion-linked unit have risen more than twofold since its introduction a year ago, central bank Governor John Mushayavanhu said.

The former farm owners received dollar payments on March 24, he added. The payment is the latest attempt to resolve the decades-long dispute triggered by former Zimbabwean President Robert Mugabe ...