The ZiG is a backed, not baked currency
Prices of precious metals and values of currencies do not always move in tandem.
By Prosper Munyedza
Oct. 31, 2024
Taxes, fees to be paid in ZiG. . . Ncube says move expected to shore local currency
The ZiG is backed by US$450 million in foreign reserves, as of October 10, according to Reserve Bank of Zimbabwe governor John Mushayavanhu.
By Tafadzwa Mhlanga
Oct. 17, 2024
What is happening, Mr Governor?
The governor vowed to defend the currency with his life, reiterating that he would never print more money, as that would fuel inflation.
By The Zimbabwe Independent
Oct. 4, 2024
Flawed interbank market inflicts fresh blows
Introduced in April, ZiG has surrendered value on the formal markets, sliding from US$1: ZiG13,56 on introduction to about US$1: ZiG13,95 currently.
By Shame Makoshori and Freeman Makopa
Oct. 4, 2024
ZiG rejection: Consumers at the receiving end
Zimbabwe’s high inflation, coupled with inadequate pension benefits, has significantly impacted the quality of life for pensioners.
By Evans Mathanda
Sep. 28, 2024
Whistling in the dark
But this appears to have failed to quench the market’s appetite for the greenback.
By Newsday
Sep. 23, 2024
‘Revival of liquidity committee compromises RBZ autonomy’
RBZ governor John Mushayavanhu defended the move, stating that re-establishing the LMC was a key step in enabling authorities to implement
By Ashton Ndakusiya
Sep. 6, 2024
RBZ makes U-turn on outstanding surrender, auction payments
Companies were owed millions by RBZ after buying foreign currency from the auction system which was, however, not allotted.
By Tatira Zwinoira
Sep. 3, 2024
USD liquidity preference
We have noted with concern that most individuals, households, and businesses in Zimbabwe prefer to hold money in the form of cash (mostly US dollars).
By Batanai Matsika
Jul. 26, 2024
