When the Zimbabwe Gold (ZiG) currency was launched a year ago, few could have predicted the quiet revolution it would spark.

Spread This NewsBloomberg Gold and foreign currency reserves backing Zimbabwe’s bullion-linked unit have risen more than ...

Explore why the Zimbabwe ZiG currency faces a grim future as its demand among businesses and residents plummet.

To its credit, the ZiG has created stability in the economy with the premium on the United States dollar narrowing to 20% in ...

In ZiG’s case, it is unclear what will happen if there is a strong demand for the currency. At the current price, the 2.5 tons of gold are worth over $186 million, bringing the total holdings to ...

Zimbabwe has clocked a full year since adopting of the Zimbabwe Gold (ZiG) currency, which has achieved commendable stability ...

Zimbabwe’s central bank launched the ZiG, or Zimbabwe Gold, which was hyped as a stabiliser amid the country’s long-running currency and economic crisis. But in late September, authorities ...

Spread This News By Bloomberg  A LIQUIDITY crunch in Zimbabwe is deepening the economy’s embrace of the US dollar and ...

A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed ...

The Reserve Bank of Zimbabwe (RBZ) is accelerating efforts to deliver new Zimbabwe Gold (ZiG) banknotes, with Governor Dr ...

Since the ZiG, short for Zimbabwe Gold, started trading on April 8 the gold price has rallied 24% to a record high, while the local currency has weakened 95% to the dollar. “No rationale market ...

Gold and foreign currency reserves backing Zimbabwe ... kilograms of gold in reserves valued at $274 million. The ZiG, short for Zimbabwe Gold, started trading April 8, 2024, replacing the ...