Wheat farmers in Zimbabwe will receive payment entirely in US dollars, rejecting the Zimbabwe Gold currency due to its sharp depreciation
Zimbabwe Gold currency
-
-
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.
-
Discover how Zimbabwe’s innovative financial reforms under the RBZ aim to stabilize and boost confidence in the new ZiG currency.