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They did not explain what happened to the gold and foreign exchange reserves they spent weeks on end from April hyping and waxing lyrical about.
The black market exchange rate has shifted from US$1:ZiG30 to US$1:ZiG40; a 25% decline in a short 48 hours.
While Zimbabwean monetary authorities claim the local currency, ZiG – which has lost more than 49% of its value since its launch in April – has...
Zimbabwe's local currency, ZiG, purportedly backed by gold and adequate foreign currency reserves, has now become an unintended catalyst for economic deterioration
Simbisa Brands says it will now pay half of its obligations in local currency, ZiG, and the United States dollar (50/50) as it is receiving less...
ECONOMISTS say the newly introduced Zimbabwean Gold (Zig) has helped stabilise domestic trade although it is too early to judge currency stability in the long run...
"To adequately capture the variety of assets, the money supply is categorisd into M0, M1, M2, M3 or M4. The total amount of funds in the...
THE Reserve Bank of Zimbabwe (RBZ) under new governor John Mushayavanhu has laid to waste millions' worth of the Zimbabwe Gold (ZiG) banknotes printed at a...
THE African Development Bank (AfDB) says stability of Zimbabwe's currency and the halting of central bank quasi-fiscal activities are critical in ensuring the country's macro-economic stability.
PLANS by Treasury to beef up the Financial Intelligence Unit and the police as Zimbabwe turns to Gestapo-style tactics to defend the value of the domestic...
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