Finance

Zimbabwe’s inflation surges to 57.5 percent in April

By Agencies HARARE: Zimbabwe’s annual inflation rate to 57.5 percent in April 2024 on the back of mounting pressure on
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Zimbabwe holds rates steady at 20% in first meeting since ZiG debut

By Bloomberg news Zimbabwe’s central bank kept its benchmark interest rate unchanged at its first policy meeting since unveiling the
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Kenya President backs Zimbabwe’s radical revitalisation with ZiG currency

By Bloomberg BULAWAYO: Kenyan President William Ruto hailed Zimbabwe’s gold-backed currency as a potential driver of economic recovery in the
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FEATURE: ‘Triple spending’ – Zimbabweans bear cost of changing to new ZiG currency

Local businesses, transport and even government services are rejecting old notes despite the unavailability of new ZiG bills until the
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Zimbabwe enlists US help to remind banks that sanctions eased

By Bloomberg News Zimbabwe has asked the US to remind banks that Washington has recently eased some of its sanctions
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Zimbabwe expects IMF programme in third quarter after currency changes

 By Reuters Zimbabwe’s Finance Minister Mthuli Ncube said on Friday that a staff-monitored programme with the International Monetary Fund would
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Illegal moneychangers back on streets after brief disappearance; ZiG rate down to 20 on black

By Xinhua HARARE: Zimbabwe’s illegal money changers are back on the streets after a brief hiatus following the introduction of
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ZiG currency surges in first week of trading amid market skepticism

By Xinhua HARARE: Zimbabwe’s newly launched gold-backed currency, known as the Zimbabwe Gold (ZiG), has hit the ground running, gaining
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Zimbabwe’s new ZiG currency strengthens on second day of trading

By Bloomberg Zimbabwe’s new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide
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ZiG enters gangster economy amid roaring inflation – what could go wrong?

By Ed Stoddard I Daily Maverick Take a failed mafia state, a gangster economy and roaring inflation, and attempt to
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