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ZiG, Zimbabwe
Zimbabwe’s Gold-Backed ZiG Weakens Further After Devaluation
Zimbabwe’s gold-backed currency, which was devalued by 43% by the central bank on Sept. 27, remained under pressure on Monday.
Zimbabwe's ZiG currency falls over 40% on interbank market
Zimbabwe's gold-backed ZiG currency fell more than 40% against the U.S. dollar on the interbank market from Thursday to Friday, the central bank's website showed. The Reserve Bank of Zimbabwe's website gave the mid rate for ZiG as 24.
Zimbabwe’s new currency, ZiG, falls over 40% against the Dollar after government decision
Zimbabwe's new currency, the ZiG, has experienced a depreciation of over 40% after the country's central bank made recent adjustments
USD to ZiG: Here’s why the Zimbabwe currency is melting away
The recently launched Zimbabwe ZiG continued its downward trend this month as concerns about the economy rose. The official USD to ZIG exchange rate started the month at 13.86 and has risen to 13.95,
Zimbabwe Devalues ZiG as Latest Bid for Stable Currency Founders
Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG amid deep skepticism that the nation’s latest bid to create a viable local unit would succeed.
Zimbabwe allows currency to slump over 40%, hikes policy rate
Zimbabwe's central bank allowed the local gold-backed currency to fall over 40% against the dollar on Friday and hiked its policy rate, giving in to weeks of sustained pressure on the currency which was only launched in April.
Zimbabwe knocks 40% off value of gold-backed currency
Zimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last ditch effort to stabilise the country's volatile economy, is in trouble. The Reserve Bank of Zimbabwe (RBZ) made the decision to slash the local exchange rate to 24 Zig to $1 (£0.
Zimbabwe said to cut value of gold-backed ZIG by 44%
Zimbabwe has devalued its gold-backed currency, the Zimbabwe Gold (ZiG), selling it to banks at a rate 44% lower than the prevailing dollar exchange rate. ・Zimbabwe devalued its gold-backed currency,
AllAfrica.com
11h
Zimbabwe: 'Is ZiG Collapse Linked to Mnangagwa SADC Chairship, Activities Preceding Summit'- Asks Opposition Senator Pleading Transparency
Senator Cecil Zvidzai has pleaded with Zimbabwean to be truthful when addressing national issues that affect citizens' ...
News Day
1d
When hubris overrides national interest: The failure of the ZiG
In conclusion, the introduction of the ZiG was a classic example of hubris overriding national interest. By rushing to ...
Farnham Herald
6h
Good times on tap in Selborne as Zig Zag Fest returns
The hills will be alive with the sound of music this weekend as a village near Alton is warming up for a milestone festival.
4d
Weather Fact Wednesday: Why Does The International Date Line Zig-Zag?
Was there ever a time you wished you could travel through time? Just cross the International Date Line (IDL), that’s how.
News Day
2d
RBZ devalues ZiG. . . it’s too little too late, says analyst
THE Reserve Bank of Zimbabwe (RBZ) yesterday devalued the Zimbabwe Gold (ZiG) to ZiG24,39 per dollar from ZiG13,99 in the ...
Paste
3d
On EELS, Being Dead Stack Up Sharp Zig-Zags and Even Sharper Hooks
Paste Magazine is your source for the best music, movies, TV, comedy, videogames, books, comics, craft beer, politics and ...
eNCA on MSN
1d
Retailer complaints lead to zig-nificant devaluation
HARARE - Zimbabwe has slashed the value of its new currency, the ZiG, by 40 percent. The Central Bank was responding to ...
My Zimbabwe News
1d
Harare illegal money changer slapped with 12 months imprisonment as government declares war on ZiG ‘fixers’
The ongoing crackdown on illegal foreign currency trading in Zimbabwe continues to yield convictions, with the latest case ...
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