Zimbabwe’s new currency, the ZiG, has experienced a depreciation of over 40% after the country’s central bank made recent adjustments aimed at aligning official exchange rates with parallel market ...

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The central bank's website gave the mid rate for the ZiG currency as 24.3902 to the dollar on Friday versus 13.9987 on Thursday, a 42.6% fall, according to Reuters calculations. The ZiG ...

(Bloomberg) -- 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 ...

The Reserve Bank of Zimbabwe lifted the benchmark policy rate to 35% from 20%, it said in a statement on Friday. Prices on its website separately showed the ZiG, short for Zimbabwe Gold, quoted at ...

THE introduction of the Zimbabwean Gold-backed currency (ZWG) on April 5, 2024, marked a significant change in Zimbabwe’s monetary policy. Initially pegged at an exchange rate of US$1 to ZWG13 ...

“Our suppliers have expressed concern that they are faced with an acute foreign currency shortage and excessive volatility of ZiG exchange rate on the parallel/alternative market which has now ...

23 after winning their third court trial against toy giant MGA Entertainment, which was accused of violating the intellectual property rights of the couple's music group the OMG Girlz with their ...