The Chamber of Mines of Zimbabwe (CoMZ) blamed the job losses on frequent power cuts and foreign currency shortages, which ...

ZIMBABWE has huge potential to maintain the prevailing strength and stability of its local currency anchored by the sustained ...

The ZiG is the sixth currency Zimbabwe has used since the spectacular 2009 collapse of the Zimbabwe dollar amid hyperinflation of 5 billion percent, one of the world’s worst currency crashes to ...

Harare, Zimbabwe — Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring ...

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.

The Zimbabwean dollar was brought back to life in 2019 after a decade-long furlough. Its value slumped by 80% between the start of 2024 and April 5, when the newly appointed Mushayavanhu put it ...

Zimbabwe has tried to stave off the depreciation of its currency with unusual ideas before. In July 2022, it launched gold coins as legal tender to stabilize the local currency.

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.

HARARE, Zimbabwe (AP) — 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 ...