Zimbabwe Gold currency

The Reserve Bank of Zimbabwe affirms the legality of the Zimbabwe Gold currency, countering claims questioning its validity due to the expiration of its statutory instrument.

The Zimbabwean government rules out dollarisation, arguing it would harm industrialisation and job creation. The Deputy Finance Minister reaffirms commitment to the multi-currency system.

Zimbabwe’s new currency, the ZiG, has lost significant value, costing the country $3.15 billion in revenue

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

Zimbabwe faces steep price hikes as the local currency weakens, with retailers increasingly pricing goods in U.S. dollars to avoid exchange rate losses

The Zimbabwe Gold (ZiG) currency shows promise, signaling increased confidence and stability in the local economy.

President Mnangagwa faces criticism after urging use of Zimbabwe Gold currency while distributing US dollars, raising doubts about his commitment to the new currency.

Zimbabwe’s new ZiG currency faces significant resistance, complicating transactions and impacting consumer finances across multiple sectors.

Finance Minister Mthuli Ncube increases tax-free threshold to ZiG 1,356, aiming to stabilize the economy with new fiscal policies amidst the transition to Zimbabwe Gold currency.

Zimbabwe’s stakeholders advocate for government departments to primarily accept ZiG, enhancing the currency’s credibility and speeding up its market integration.