Finance

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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RBZ says USD reserves backing new currency increase $370 million from $285 million

By Bloomberg HARARE: Cash and mineral reserves backing Zimbabwe’s new currency have risen to approximately $370 million from $285 million
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Zimbabwe consumer prices steady in June as ZiG calms inflation

By Bloomberg News Zimbabwe’s monthly consumer prices were unchanged as the nation’s stable bullion-backed currency helped put a lid on
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IMF says Zimbabwe’s ZiG currency has ended bout of instability

By Bloomberg The International Monetary Fund says the introduction of a bullion-backed currency by Zimbabwe in the second-quarter of this
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Old Mutual studying Zimbabwean proposal over shares frozen since 2020

By Bloomberg News Old Mutual Ltd. is studying a proposal to give holders of its Zimbabwean stock an option to
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As debt arrears reach US$6.7 billion peak, Zimbabwe seeks global assistance

By Ava Thompson Zimbabwe’s Finance Minister Mthuli Ncube confirmed the country’s escalating debt arrears reaching a peak of US$6.7 billion.
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RBZ moves to address cash shortage of new currency ZiG

By Xinhua HARARE: Zimbabwe’s central bank has moved to avert a shortage of the country’s newly introduced currency, the Zimbabwe
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‘An important step’ – Says IMF on Zimbabwe’s switch to new gold-backed currency

By Bloomberg News HARARE: The International Monetary Fund welcomed Zimbabwe’s introduction of a new bullion-backed currency as an important step, in
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RBZ says gold reserves backing new ZiG currency increasing

By Bloomberg News HARARE: Zimbabwe’s gold reserves backing its new bullion-linked currency are increasing and the stockpile’s value is also
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