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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
Key Zimbabwean retailers are warning of imminent store closures due to unfavorable government exchange rate policies. The mandated official exchange rate of 14.8 ZiG to $1 has inflated prices, while …
Zimbabwe Retail Sector Under Threat as Currency Crisis Intensifies 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