Zimbabwe Currency Crisis

As the ZiG currency depreciates sharply, Zimbabwe’s Treasury implements spending cuts, prioritizing wages and social services while slashing travel costs

Zimbabwe’s currency crisis deepens, forcing shops to limit purchases, while authorities blame illegal money changers for the volatility. Informal vendors reject the new currency, causing further chaos

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

Zimbabwe’s gold-backed currency faces an uphill battle after years of economic turmoil, dollar dependence, and public distrust. Here’s what can be done to ensure its success.

Zimbabwe’s ZWG currency loses value, retailers report losses and warn of potential closures. Urgent intervention is needed to prevent further economic strain

Wheat farmers in Zimbabwe will receive payment entirely in US dollars, rejecting the Zimbabwe Gold currency due to its sharp depreciation

US dollar shortages in Zimbabwe are crippling the acceptability of the ZiG currency, as businesses turn to the parallel market for foreign exchange.  

World Bank report highlights urgent need for reforms in Zimbabwe’s currency and central banking operations to stabilize economy.