Zimbabwe Gold (ZiG)

Zimbabwe’s central bank has significantly bolstered its foreign exchange reserves, providing a much-needed buffer for the country’s recently introduced currency, the Zimbabwe Gold (ZiG). This increase in reserves aims to address concerns about stability and confidence in the new currency.

Zimbabwean authorities arrested 65 suspected illegal foreign exchange dealers in the capital Harare. The arrests come as the country’s newly introduced currency, the Zimbabwe Gold (ZiG), faces a significant decline in value on the black market.