Zimbabwe won’t allow the street rate of the ZiG to determine where its official rate should be as it isn’t driven by market fundamentals, a senior Treasury official said. The ZiG weakened 0.1% on ...

Zimbabwe’s new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit. It gained 0.2 ...

RBZ governor John Mushayavanhu says Zimbabwe’s ZiG is undervalued and should trade much stronger against the US dollar.

SEVERAL fuel service stations are refusing to accept the Zimbabwe Gold (ZiG) currency, a survey conducted by NewsDay across the capital has revealed.ZiG was introduced by the Reserve Bank of Zimbabwe ...

ZIMBABWE’S central bank is stepping up its push to restore the primacy of the local currency, rolling out upgraded Zimbabwe Gold (ZiG) banknotes and tightening policy levers in a bid to shift the ...

Zimbabwe's central bank has introduced a new gold-backed currency, ZiG, to combat high inflation. This is Zimbabwe's sixth attempt at a new currency since 2008. The African nation is aiming to phase ...