Finance

New ZiG currency loses 80% value since launch; officials say too early to write it

By Reuters HARARE: Five months after its launch, Zimbabwe’s new currency is under pressure as increased grain imports eat away
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World Bank says Zimbabwe needs economic stability to advance debt talks

By Bloomberg News HARARE: Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance
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Zimbabwe’s ZiG currency suffers longest losing streak against dollar

By Bloomberg News HARARE: Zimbabwe’s bullion-backed currency is experiencing its longest run of losses against the dollar since it started
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Despite crackdown, Zimbabwe’s new ZiG currency is crumbling too, just four months later

By News24.com The Zimbabwe Gold currency launch in April has lost half its value, according to the black market. Retailers
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MONETARY POLICY REVIEW: RBZ says intervening in forex market amid ZiG slump

By Bloomberg News HARARE: Zimbabwe’s central bank said it’s “strategically intervening” in the foreign-exchange market to meet demand for dollars
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TDB Group extends US$20mln to CBZ Bank facility for ‘key export and hard currency sectors’

By Agencies HARARE: The Eastern and Southern African Trade and Development Bank Group (TDB Group) has extended a USD 20
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Déjà Vu: Zimbabwe’s new currency down to ZiG24 against the dollar from ZiG14 at launch

By Kitsepile Nyati/The East African HARARE: Nearly five months after changing its currency to arrest inflation, Zimbabwe is back in
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Zimbabweans use new ZiG currency to pay for 40% of transactions

By Bloomberg Zimbabweans are using the nation’s gold-backed currency for 40% of payments compared with 20% when it first started
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Zimbabwe threatens stiffer penalties for businesses manipulating new ZiG currency

By Business Report Zimbabwean businesses adjudged to be manipulating the new ZiG currency face new stiffer penalties while they are
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AfDB puts Zimbabwe reform-funding gap at $3.7 billion annually

By Bloomberg HARARE: Zimbabwe needs to come up with $3.7 billion annually through the end of the decade if it
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