Zimbabwe’s gold-backed currency gains as central bank tightens monetary policy; further budget measures expected to support the ZiG’s role.
Monetary Policy
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Zimbabwe’s gold backed currency ZiG shows its first gain in two weeks as tighter monetary policy bites.
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Zimbabwean shoppers find relief as essential goods remain affordable despite the introduction of the ZiG currency. Government measures and growing confidence in ZiG contribute to price stability.
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The Zimbabwean Finance Minister, Mthuli Ncube, has issued a directive compelling government agencies to accept the increasingly scarce ZIG currency, amid growing…
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In a strategic move aimed at stabilizing the nation’s economy, Zimbabwe has announced the introduction of a new structured currency, with plans…
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In a decisive move that underscores Zimbabwe’s commitment to economic steadiness, President Emmerson Mnangagwa recently inspected the gold reserves at the Reserve…