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Zimbabwe's New ZiG Currency Starts Trading, Credibility Doubts Linger

By Nyasha Chingono and Rachel Savage HARARE (Reuters) - Zimbabwe's new gold-backed currency started trading on Monday amid doubts that the country's third such re-launch in a decade will have any more success in ending repeated, crippling bouts of high inflation. The Zimbabwe Gold (ZiG) was...
Mashonaland East Jacques Nel Nyasha Chingono Robert Mugabe Hasnain Malaik Zimbabwe Gold

ZiG begins trading as Zimbabwe banks struggle with the switch

NewZimbabwe.com โ€“ The Zimbabwe News You Trust is Zimbabweโ€™s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything youโ€™ve come to expect and love.
Mashonaland East Lloyd Mlotshwa Jacques Nel Waldo Swiegers Bloomberg Justin Bgoni Zabron Chilakalaka

ZiG Begins Trading as Zimbabwe Banks Struggle With the Switch

(Bloomberg) -- ZiG, Zimbabwe’s new currency, began trading on Monday as businesses struggled with the nation’s sixth attempt at introducing a revamped unit. Most Read from BloombergTrumpism Is Emptying ChurchesRBC Fires CFO Ahn After Probe Into Personal RelationshipThe Odds of $100 Oil Are Rising as Supply Shocks Convulse the MarketIsrael Backs Out of Khan Younis to Prepare ‘Future Operations’Yellen Implores China to Rethink Economic Growth StrategyReserve Bank Govern...
Mashonaland East Jacques Nel Colleen Goko Zabron Chilakalaka Justin Bgoni Bloomberg Businessweek
Source: yahoo.com

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