ZiG: So far so good

ZiG is backed by gold and cash reserves, with the central bank saying this week that it wants to bolster gold reserves to support the currency.
By Newsday Jul. 19, 2024
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News in depth: Zimbabweans sceptical about country’s latest currency as it remains in short supply

The shortage also makes it difficult for people to make change on smaller transactions, leading prices to be rounded up to the nearest US dollar.
By Linda Mujuru Jun. 23, 2024

Muckraker: Nepotism, cronyism our daily bread

They move around with bricks of mint United States dollars and shower them on supporters, the last stunt being giving Agriculture minister Anxious Masuka US$500 to buy a suit.
By Muckraker Jun. 7, 2024

Unfair debt-to-equity ratio irks RBZ governor

According to experts, the optimal D/E ratio varies by industry, but it should not be above a level of 2,0.
By Mthandazo Nyoni Jun. 7, 2024

‘ZiG powerless to fight cost-push inflation’

In April, RBZ governor John Mushayavanhu introduced a new currency, Zimbabwe Gold (ZiG), which is backed by gold and forex as part of measures to stabilise the economy.
By Tatira Zwinoira Jun. 7, 2024

Time we have our own currency

It is not a secret that many politicians are implicated in this dirty game and for long have been left to aggravate our suffering as a nation.
By Johannes Marisa Jun. 2, 2024

Waiting for the elusive ZiG

The local market bustles with activity, as farmers and traders engage in lively bartering — exchanging maize for soap, or vegetables for school supplies.
By Problem Masau May. 29, 2024

The proof is in the pudding

The currency is backed by gold and cash, which makes it stronger than its predecessors, according to monetary authorities.
By Newsday May. 25, 2024

Discipline key in national development

As expected, the perennial economic saboteurs were waiting to attack with their machines and quickly manipulate the exchange rate to their advantage.
By Johannes Marisa May. 23, 2024