Zimbabwe’s gold backed currency ZiG shows its first gain in two weeks as tighter monetary policy bites.
ZiG
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Facing a government crackdown, Zimbabwean street currency traders are migrating their US dollar transactions to WhatsApp. This shift underscores the challenges surrounding the country’s new gold-backed currency, the ZiG, and the ongoing fight against a persistent black market.
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Zimbabwe’s government is taking a firm stance against black market currency traders, accusing them of manipulating the exchange rate of the country’s…
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Zimbabwean President Emmerson Mnangagwa has defended the recent launch of the ZiG, the country’s new gold-backed currency. The move comes amidst public…
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Zimbabwe’s ZiG currency gains momentum despite banking sector hurdles.
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Business leaders express doubts as ZiG struggles in US$ market.
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Zimbabwe’s gamble on a new gold-backed currency, the ZiG, has yielded mixed results in its first two days. While the ZiG showed…
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Zimbabwe’s economic landscape faced a seismic shift with the introduction of the nation’s new currency, the Zig, sending shockwaves through financial markets…
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Zimbabwe has launched a new digital currency backed by gold to boost its economy and provide an alternative to the US dollar…