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Tag: RBZ

Business / economics

Hanke Ranks Zimbabwe’s ZiG Currency Second Worst Globally

March 13, 2025March 13, 2025 - by Sofia Nawab - Leave a Comment

Professor Steve Hanke has ranked Zimbabwe’s ZiG currency as the second worst in the world, having lost 50% of its value against the US dollar due to inflation. The currency, …

Hanke Ranks Zimbabwe’s ZiG Currency Second Worst Globally Read More
Business / Companies / economics

Zimbabwe’s Central Bank Confident in Gold-Backed ZiG Currency

March 10, 2025March 10, 2025 - by Allegra Nguyen - Leave a Comment

The Reserve Bank of Zimbabwe is optimistic about the gold-backed ZiG currency as an alternative to the US dollar, emphasizing its stability and market acceptance. The currency, introduced in April …

Zimbabwe’s Central Bank Confident in Gold-Backed ZiG Currency Read More
Companies

Kenya Follows Zimbabwe in Leveraging Web3 for Economic Inclusion in Low-Income Segments

November 12, 2024November 12, 2024 - by Sofia Nawab - Leave a Comment

On October 5, 2023, Zimbabwe announced a gold-backed digital token aimed at improving economic access for citizens, enabling them to own gold and reducing reliance on the US dollar. Following …

Kenya Follows Zimbabwe in Leveraging Web3 for Economic Inclusion in Low-Income Segments Read More
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