Backed by gold and foreign currencies ... After launching on Monday at $13.56 to the U.S. dollar, the Zig or Zimbabwe Gold, and was trading at $13.45 on Thursday, according to the Reserve Bank ...

But in late September, authorities slashed the value of the new gold-backed currency by more than ... caused a spectacular ...

The new currency will be backed by reserves of foreign currency and precious metals mined in the country. Its exchange rate to the US dollar will be 13.5 Zimbabwean gold per US dollar," he added.

In Zimbabwe, the new tokens "will be fully backed by physical gold held by the bank" and will ... scrap its currency and allow the U.S. dollar to be used as legal tender. In 2019, the government ...

The downturn aligns with a 40% slump in Zimbabwe Gold (ZiG) since its market debut on April 5, exacerbated by currency ...

We now have both Dr Mahamudu Bawumia and Mr John Dramani Mahama’s policies on how to deal with the foreign exchange crises in ...

Zimbabwe's central bank allowed the local gold-backed currency to fall over 40% against the dollar on Friday and hiked ... Zimbabwe's new currency is under pressure as increased grain imports ...

Zimbabwe’s central bank retained Africa’s highest interest rate and affirmed its tight monetary policy stance will continue into 2025. The monetary policy committee kept borrowing costs at 35% ...

The new banknotes come in denominations from 1 to 200 Zimbabwe has introduced a new gold-backed currency ... called the bond note that was backed by the US dollar loan facility.

Zimbabwe has introduced a new gold-backed currency called ZiG ... the body introduced a new currency called the bond note that was backed by the US dollar loan facility. The then-central bank ...