SECURITIES concern, IH Securities, says market confidence in the Zimbabwe Gold (ZiG) currency remains low despite the government’s plans for some taxes to be paid in local currency. The ZiG ...

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In a statement, the central bank said the move was meant to support the payment of goods and services in the ZiG. “The Reserve Bank of Zimbabwe wishes to advise the public that transactional limits ...

HARARE – In a move designed to alleviate the impact of the recent Zimbabwean dollar (ZiG) devaluation, the Reserve Bank of Zimbabwe (RBZ) announced significant increases to transactional limits on ...

When Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG) launched on 5 April, it was marketed as a catch-all solution to Zimbabwe’s currency woes. But the latest recalibration of the ...

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The Zimbabwe Gold currency (ZiG) came into existence on the 5th April this year when the President published a set of regulations, the Presidential Powers (Temporary Measures) (Amendment of Reserve ...

The business community has urged the government to remove the ZiG from the country’s multi-currency system, arguing that its poor performance is negatively impacting transactions. However ...

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The Reserve Bank of Zimbabwe (RBZ) made the decision to slash the local exchange rate to 24 Zig to $1 (£0.75) on Friday. This slump is due to an increase in demand for the US dollar, which is ...