Village Rhapsody: Why Zimbabwe is struggling to fix its currency conundrum
The government's failure to manage the black market further exacerbates the ongoing crisis, and it appears Zimbabwe’s currency troubles are far from over.
By Gary Gerald Mtombeni
Oct. 6, 2024
Zim's currency code changes to ZWG
The central bank encouraged all banking sector players to therefore make necessary arrangements to facilitate a smooth transition to the new currency code.
By Mthandazo Nyoni
Jun. 26, 2024
New ZiG currency on a free flow: Here is what we know
The ZiG is now Zimbabwe’s legal tender for all public and private debts and is part of a multi-currency basket that includes the US dollar (USD) and South African rand, among others.
By Zvikomborero Sibanda
May. 10, 2024
Currency functionality: ZiG as a medium of exchange in fuel
The new currency was introduced at a rate of ZiG13.56 per US$1.
By Tinashe Duma
Apr. 19, 2024
Dump RBZ monetary policies: IMF
The IMF was also in Zimbabwe to conclude Article IV consultations, a mechanism in which the fund advises its members on economic policies.
By Tatira Zwinoira
Feb. 15, 2024
Economy edges towards full dollarisation
The Zimdollar has been depreciating sharply against major currencies on low confidence. The depreciation has pushed up the prices of basic commodities.
By Priveledge Gumbodete and Harriet Chikandiwa
Feb. 9, 2024
Delta ponders US$ financial reporting
According to official numbers, the majority of transactions in the country are now concluded in foreign currency.
By Rufaro Hozheri
Nov. 17, 2023
Policy uncertainties haunt Zim
Even the government itself is now tired and is dumping the unstable ZWL. For instance, passports issued by the Registrar’s Office are charged exclusively in USD.
By Zvikomborero Sibanda
Oct. 27, 2023
2024 budget strategy paper: Zim’s future looks bleak
Also, the Treasury promised to follow a prudent approach to fiscal management (cash budgeting, raising additional tax revenue, containing spending and efficient resource use) in 2024.
By Zvikomborero Sibanda
Sep. 22, 2023
