Zimbabwe replaces Zim dollar with new currency - Eswatini Daily News
In its sixth attempt to have a functional local currency, Zimbabwe will be replacing the Zim Dollar with a new currency.
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In its sixth attempt to have a functional local currency, Zimbabwe will be replacing the Zim Dollar with a new currency.
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The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold. RBZ governor John Mushayavanhu said the ZiG would be structured and set at a market-determined exchange rate. It replaces the Zimbabwe dollar, which was largely known as the RTGs, which has lost…
HARARE,-Reserve Bank of Zimbabwe governor John Mushayavanhu has issued his maiden monetary policy statement, bringing with him a new gold-backed currency and promises to end the money-printing that tanked the Zimdollar. In his speech, Mushayavanhu talked tough, saying quasi-fiscal activities “were in the past”. Repeatedly, Mushayavanhu said “not under my watch” would the mistakes of…
Last September, Jungerman was found guilty of first-degree murder in the shooting death of attorney Tom Pickert.