Business

Zimbabwe’s newly introduced currency, the Zimbabwe Gold (ZiG), has rapidly depreciated since its launch, leading to significant economic turmoil just five months later. Governor John Mushayavanhu faces pressures from inflation …

Zimbabwe’s Currency Crisis: Struggles of the Zimbabwe Gold (ZiG) Amidst Economic Turmoil Read More

The Zimbabwe Gold currency, introduced in April, has faced a significant loss of value, falling 80% against black market rates. Retailers attribute their operational difficulties to the government’s fixed exchange …

Economic Turmoil: The Impact of Zimbabwe’s Gold Currency on Retailers Read More

Zimbabwe is experiencing a crisis of confidence in its gold-backed currency (ZiG), leading to a surge in illegal money changers offering higher exchange rates for dollars. In August, inflation for …

Crisis of Confidence in Zimbabwe’s Gold-Backed Currency Read More

Zimbabwean retailers are warning of severe financial constraints due to the devaluation of the newly established currency, the Zimbabwe Gold (ZiG). The official exchange rate has made it increasingly untenable …

Zimbabwe Retailers Warn of Economic Ruin Due to ZiG Currency Devaluation Read More

Major retailers in Zimbabwe are warning of potential store closures due to an overvalued official exchange rate mandated by the government. The newly launched gold-backed currency, ZiG, has lost significant …

Zimbabwean Retailers Express Concerns Over Potential Store Closures Due to Exchange Rate Read More

Zimbabwe’s government is being urged to abandon the ‘command’ exchange rate for the Zimbabwe Gold (ZiG) currency, as businesses struggle with unsustainable pricing due to currency distortions. Economists advocate for …

Zimbabwe Urged to Overhaul Command Exchange Rate Policy Read More