Inflation surged in January, driven primarily by food and housing costs, impacting both U.S. dollar and local currency transactions
Zimbabwe holds interest rate at 35% as inflation woes persist Read More »
The ZiG, representing Zimbabwe’s sixth attempt at a stable currency within 15 years, was introduced to curb inflation
Zimbabwe lets gold-backed currency drop by over 40%, interest raised Read More »
In a bid to solidify the ZiG’s position, Zimbabwe’s Treasury has moved decisively to enforce its use as the official medium of exchange for all transactions
Zimbabwe enforces fines for businesses avoiding official exchange rate Read More »
In anticipation of ZiG’s introduction, authorities cracked down on illegal foreign currency trading, accusing dealers of exploiting the new currency’s exchange rates against the greenback
Zimbabwe’s gold-backed currency debuts Read More »
