Zimbabwe’s gold-backed digital currency, ZiG, now represents 40% of transactions, offering a more stable alternative in an economy plagued by inflation.
Zimbabwe economy
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Zimbabwe’s Vice President Chiwenga calls on regional investors to explore vast opportunities in infrastructure, energy, and mining at the SADC Industrialisation Week.
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Zimbabwe’s Finance Minister lowers the nation’s growth forecast due to severe drought impacting agricultural yields and escalating food insecurity.
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OK Zimbabwe transitions to ZWG collections amidst changes in Zimbabwe’s economic policies, affecting its sales and growth strategies.
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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
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An IMF delegation will visit Zimbabwe to evaluate the impact of the new ZIG currency on the economy, focusing on inflation, foreign exchange stability, and growth.
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Zimbabwe’s RBZ delays introducing ZiG50 and ZiG200 notes to prevent inflation, aiming for economic stability but facing challenges with currency shortages.
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In rural Hurungwe, Zimbabwe’s new ZiG currency remains largely unseen, as villagers continue relying on US dollars and barter systems.
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Zimbabwe introduces a new currency, leading to a significant drop in monthly inflation and an increase in its value against the US dollar, offering hope for economic stability.
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Zimbabwe’s retail and wholesale sectors face growth challenges due to El Niño, impacting demand and food security.