The Zimbabwe ZiG currency has moved sideways this year as it outperformed many of its peer currencies. What next for the ...

THE Reserve Bank of Zimbabwe (RBZ) has announced plans to engage mobile network operators to ensure parity in trading between ...

When a currency implodes, people who have saved in it see their savings disappear. For example, assume that you had 1 million Zimbabwe dollar when it was trading at 100 to the US dollar. In this ...

HARARE, Zimbabwe (CNN) -- Zimbabwe's central bank will introduce a $50 billion note -- enough to buy just two loaves of bread -- as a way of fighting cash shortages amid spiraling inflation.

The Zimbabwe ZiG currency is holding steady against the US dollar and other currencies as its reserves jump and the country’s economy perform well.

The ZiG is Zimbabwe's latest currency — yet another attempt to unravel the economic catastrophes of the past decades. According to many there, it's every bit as baffling as its predecessors.

Across Zimbabwe, the U.S. dollar is still widely used, from paying rent and school fees to buying groceries. Many take their local currency earnings to the black market to exchange for dollars ...

Zimbabwe's central bank has introduced a new gold-backed currency, ZiG, to combat high inflation. This is Zimbabwe's sixth attempt at a new currency since 2008.

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 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.

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 ...