Finance

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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BUDGET REVIEW: Treasury announces measures to force demand for ZiG currency

By Bloomberg News HARARE: Zimbabwean Finance Minister Mthuli Ncube announced new measures to help spur demand for the nation’s bullion-backed
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Zimbabwe will stick to promises to build trust in new currency, central bank chief says

By Nyasha Chingono I Reuters HARARE: Zimbabwe’s government will stick to what it promised when it launched a new currency
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Remittance firms fly plane-loads of cash into Zimbabwe to meet demand for US dollars

By Bloomberg News At least once a month — and sometimes as often as three times a week — a
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Zimbabwe bankers back plan to adopt ZiG as sole currency before 2030

By Bloomberg News HARARE: Zimbabwe’s banks support adopting the ZiG as the nation’s sole currency before the current target date
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