Business

Since its launch in April 2023, Zimbabwe Gold (ZiG) has lost 80% of its value on the black market, leading retailers to declare that the government’s fixed exchange rate is …

Arrogance, Not Gold, Undermines Zimbabwe’s Retail Sector: A Critical Examination of the ZiG Currency Crisis Read More

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), has drastically declined in value just five months after its introduction, losing value for 20 trading days and selling at a steep discount …

Market Turmoil: Zimbabwe’s Currency Challenges Following the Introduction of the ZiG Read More

Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG), is grappling with a lack of public confidence as illegal money-changing operations thrive due to struggles in accessing this currency. With inflation rising …

Zimbabwe’s Gold-Backed Currency Faces Confidence Crisis Read More

Zimbabwean retailers are warning that the official exchange rate for the Zimbabwe Gold (ZiG) is leading them toward financial ruination due to an 80% devaluation in the black market. Formal …

Harare Retailers Warn of ZiG’s Economic Threats Amid Devaluation Crisis Read More

Top retailers in Zimbabwe are warning that enforced use of an official exchange rate, considered overvalued, could result in store closures. The Zimbabwe Gold (ZiG) currency has lost significant value …

Zimbabwean Retailers Warn of Potential Store Closures Due to Exchange Rate Pressures Read More

The government of Zimbabwe faces mounting pressure to abandon its “command” exchange rate for the Zimbabwe Gold (ZiG) currency, which is causing significant currency distortions that threaten retail operations. Economists …

Zimbabwe Urged to Abandon Command Exchange Rate for Economic Stability Read More