Since then, the government has made six attempts to adopt a local currency, with the latest coming in April 2024 through the ZiG. The ZiG is backed by a combination of foreign currency reserves ...

Zimbabwe’s central bank has declared war on individuals and companies it blames for undermining the value of the nation’s newly launched Zimbabwe Gold (ZiG) currency, vowing to “double efforts” ...

The collapse of the ZiG has led to a sharp rise in the cost of goods and services, with retailers responding by replacing price tags in ZiG with those in US dollars. A shortage of the local ...

Some shops have reverted back to charging goods in foreign currency as the Zimbabwe Gold continues to weaken. Prices have risen sharply as a result. According to a snap survey conducted in Harare ...