Finance

ZiG devaluation forces government to cut budget spending

By Bloomberg News HARARE: Zimbabwe’s currency devaluation is forcing the government to cut spending on certain budget items. The country’s
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Zimbabwe to hold talks on $21bn debt albatross this month

By Bloomberg HARARE: Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as
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Zimbabwe’s tight monetary policy stance boosts ZiG, MPC member says

By Bloomberg Zimbabwe’s gold-backed currency posted its first gain in more than two weeks, suggesting that tighter monetary policy is
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Government undermining ZiG by overspending – says country’s biggest brokerage

By Bloomberg HARARE: Zimbabwe’s new gold-backed currency is likely being undermined by the state tapping the central bank for funding
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Zimbabwe treasury secretary rules out exchange-rate convergence

By Bloomberg HARARE: Zimbabwe won’t allow the street rate of the ZiG to determine where its official rate should be
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Zimbabwe central bank chief says ZiG 43% devaluation a ‘once-off’ event

By Bloomberg News HARARE: Zimbabwe sought to assure citizens that its gold-backed currency would not suffer another steep devaluation and
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Zimbabwe government hires advisers over US$21 defaulted debt

By Bloomberg Zimbabwe’s government has hired financial and legal advisers to help it navigate potential talks with international creditors over
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World Bank approves new Zimbabwe engagement programme

By Business Correspondent THE World Bank has approved a new short-term engagement for Zimbabwe which is focussed on the country’s
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Zimbabwe’s sixth attempt at a new currency is floundering again

By Globe & Mail In a jingle aired endlessly on Zimbabwean state television, an all-star singing group seems ecstatic about
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Mnangagwa vows to implement measures to stop currency slide

By Reuters HARARE: Zimbabwe’s President Emmerson Mnangagwa on Wednesday vowed to implement corrective measures to protect people’s incomes after the
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