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.

(Bloomberg) -- Zimbabwe’s new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit ...

(Bloomberg) -- Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it’s no longer keen to defend and is instead working on a new exchange rate potentially backed ...

HARARE, Zimbabwe — Batsirai Pabwe picked detergents, toothpaste, snacks and some pasta among several grocery items spread on the tarmac of a car parking space — an unorthodox night bazaar illuminated ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Inflation-hit Zimbabwe has a new currency — again. Last week, the country's central bank introduced a ...

HARARE – 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 rejection by the ...

Most Zimbabweans prefer to do business, get paid and hold their savings in US dollars - Copyright GETTY IMAGES NORTH AMERICA/AFP JOE RAEDLE Most Zimbabweans prefer to ...

President Mnangagwa has blamed recent local currency devaluation on businesses taking advantage of cheap foreign currency and sabotaging the government’s reputation in the run up to the elections. In ...

HARARE (Reuters) -Zimbabwe's annual inflation rate could halve from current levels by the end of 2025, driven by a stable local currency supported by high gold prices, according to a report by the ...

Zimbabwe’s gold-backed digital token is not going to stabilize the country’s local currency as the central bank hopes, two economists told CoinDesk. On May 8, the Reserve Bank of Zimbabwe issued ...

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 outright ...