reserve bank of zimbabwe

Zimbabwe’s foreign-currency reserves rose to $509 million as demand for the local currency, ZiG, surged, fueled by high interest rates and limited liquidity.

A Zimbabwean bank executive warns that RBZ’s tight monetary policies, aimed at exchange rate stability, are limiting productive lending and economic growth

Zimbabwe’s gold backed currency ZiG shows its first gain in two weeks as tighter monetary policy bites.

The Zimbabwean government is working on adjusting civil servants’ salaries after the recent devaluation of the ZiG currency, aiming to stabilize incomes amidst ongoing economic measures.

Zimbabwe’s recently introduced ZiG currency has faced rejection from supermarkets, vendors, and transport operators after a surprising 43% devaluation by the Reserve Bank of Zimbabwe

The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the interbank market to stabilize the ZWG, which has faced increasing pressure from widening gaps between official and parallel market exchange rates.

Zimbabwe’s gold-backed digital currency, ZiG, now represents 40% of transactions, offering a more stable alternative in an economy plagued by inflation.

Zimbabwe’s central bank projects a 5% annual inflation rate by year-end with the introduction of a new currency, aiming to stabilize the troubled economy and restore confidence

In a significant turn of events, Zimbabwe’s innovative currency initiative, known as the ‘Zig,’ has played a pivotal role in curbing the…

Zimbabwe has launched a new digital currency backed by gold to boost its economy and provide an alternative to the US dollar…