It never rains but, it pours for Zimbabwe’s economy.
Compared to the US dollar, the value of the new ZiG currency is already decreasing.
By Dickson Chikwizo
6h ago
Old wine in new bottles
The ZiG was launched on April 5, 2024, with the government claiming to back it with reserves amounting to a substantial sum of up to US$285 million.
By Equity Axis
9h ago
What the Zany is going on?
This was because the Zimbabwe dollar equivalent paid by the tax collector was lost to inflation. And the government has been keen to tell us that inflation was under control.
By Muckraker
9h ago
Sloppy ground for the ZiG: Will RBZ win the market?
Zimbabwe’s agriculture sector is predominantly rainfall-dependent. Statistics show that roughly a paltry 6% of total arable land is under irrigation.
By Zvikomborero Sibanda
10h ago
Women bear brunt as ZiG fails to break cash crunch
The situation in the normally liquid Mbare mirrors the struggles confronting Zimbabwe’s economy.
By Julia Ndlela
10h ago
Combined effort vital to save new local unit: ZNCC
Introduction of ZiG has sparked consternation on the market, where it is trading at ZiG23 against the greenback on the black market, which is almost double the official rate.
By Vincent Mungofa and Blessed Ndlovu
11h ago
ZiG is a marked down currency
It staggers the mind that ZiG was launched notwithstanding its convertibility challenges and inability to pay for fuel and passports.
By Cyprian Muketiwa Ndawana
May. 14, 2024
Zanu PF ‘gatecrashes’ ZiG campaigns
The Reserve Bank of Zimbabwe has also partnered the Information, Publicity and Broadcasting Services ministry to conduct joint awareness campaigns
ZiG chaos hits council workers’ pockets hard
Zimbabwe introduced a new gold-backed currency called Zimbabwe Gold (ZiG) in early April to replace the local currency, which had been rendered worthless by inflation.
By Sharon Sibindi
May. 12, 2024
