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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...
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(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 Governor John Mushayavanhu set the
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... -April 08, 2024 at 09:13 am EDT - MarketScreener
The Reserve Bank again unanimously decided to keep the repo rate unchanged at 8.25% during its March meeting for the fifth time.