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With Chinese bank loans overdue, Harare charges residents for major upgrades that were never completed. Harare, Zimbabwe | ...
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USD to ZiG: What next as Zimbabwe’s new currency implodes?Bid for stable currency fails The Zimbabwe ZiG currency has dropped to a record low as concerns about the experiment and the country’s economy continue.
The Zimbabwean government has failed to deliver on promised upgrades, including treatment plants, pump stations, and prepaid ...
The central bank that once printed the one-hundred-trillion-dollar bill introduced Zimbabwe Gold—the ZiG—promising to end years of monetary turbulence.
Zimbabwe has launched a new currency, which will be called ZiG and goes into effect on Monday, to replace its previous one that lost more than 70% of its value since January.
Zimbabwe’s currency plunged to yet another record low as citizens rushed to the safety of the US dollar amid speculation an announcement from the central bank on the fate of the local unit is ...
With inflation soaring in Zimbabwe and the country’s currency in free fall as people abandon it for the U.S. dollar, the government of President Emmerson Mnangagwa is fighting back with a novel ...
The Zimbabwe dollar, whose highest denomination at one time was Z$100 trillion, has morphed into bearer cheques, agro cheques, RTGS and bond notes.
HARARE, Zimbabwe (AP) — Zimbabwe will launch a digital currency next month by introducing “tokens” that are backed by gold reserves and can be transferred between people and businesses as a ...
HARARE, Zimbabwe — Out with the Zimbabwe dollar, in with the ZiG. Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often outright ...
Zimbabwe stopped short of free-floating its currency in the battle to end weeks of exchange rate volatility that has fueled the country’s latest economic turmoil.
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