The newest country in the world has imploded, less than six months after it was launched. The USD to ZiG exchange rate has soared from 13.5 in April to 25.86, according to Zimbabwe’s central bank.

For example, assume that you had 1 million Zimbabwe dollar when it was trading at 100 to the US dollar. In this case, you had $10,000. However, when it moved to 200, it means that you have $5,000.

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 ...

HARARE, Zimbabwe — Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population.

Zimbabwe officials say the country’s annual inflation rate more than doubled from May to June, to more than 175%. Economists say multiple devaluations of Zimbabwe's struggling dollar led prices ...

On September 27, the Reserve Bank of Zimbabwe (RBZ) slashed the value of the ZiG by 43 percent, taking it from 13.56 ZiG to the US dollar at its launch to 24.4 ZiG to the dollar. The currency has ...

CHIREDZI - Zimbabwean businesses, notably sugar producer Hippo Valley Estates Limited, continue to face significant financial ...

Zimbabwe’s currency plunged to a record in the unauthorized market Monday after the central bank urged suppliers not to buy foreign exchange with payment they recently received from the government.

Zimbabwe’s economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day ...