currency depreciation

Zimbabwean authorities arrested 65 suspected illegal foreign exchange dealers in the capital Harare. The arrests come as the country’s newly introduced currency, the Zimbabwe Gold (ZiG), faces a significant decline in value on the black market. 

President Emmerson Mnangagwa appointed John Mushayavanhu as the new governor of Zimbabwe’s central bank, tasked with tackling the nation’s economic challenges. Mushayavanhu,…

The Zimbabwean currency, the ZWL, experienced a minor slump of 0.75% following the recent Foreign Exchange Auction by the Reserve Bank of…

The Consumer Council of Zimbabwe (CCZ) has reported a significant increase in the cost of the family basket, now at ZWL$2.6 million.…

Consumer Council of Zimbabwe (CCZ) reports a surge in the cost of the family basket to ZWL$2.6 million, signaling distress for countless…