By bna South Africa bureau Zimbabwe has officially eliminated exchange rate controls that authorities used for decades to ...

HARARE – Foreign investors have shunned the Zimbabwe Stock Exchange (ZSE) due to chronic policy inconsistencies and ...

The Zimbabwe ZiG exchange rate has stabilized in the past few months as the country’s economy recovers. According to the central bank, the USD/ZWG traded at 26.10 on Monday, down from 28.68 on ...

ZIMBABWE has made huge strides towards durable ZiG price stability, the Confederation of Zimbabwe Industries (CZI) has said, ...

Find out what the future holds for the Zimbabwe ZiG currency after stabilzing this year and as the economic growth continues.

Zimbabwe stopped short of free-floating its currency in the battle to end weeks of exchange rate volatility that has fueled the country’s latest economic turmoil.

A retail shop in Harare, Zimbabwe, displays the new exchange rate of 25 ZiG to 1 U.S. dollar, the currency's lowest value since it was introduced in April.

Five months after its launch, Zimbabwe's new gold backed currency ZiG, which stands for Zimbabwe Gold, is under pressure and has lost almost 80% of its value on the black market - where it trades ...

HARARE, Sept 27 (Reuters) – Zimbabwe’s central bank allowed the local gold-backed currency to fall over 40% against the dollar on Friday and hiked its policy rate, giving in to weeks of ...

HARARE, Sept. 27 (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ), the country's central bank, on Friday devalued the new gold-backed currency by 42.6 percent against the U.S. dollar in its first ...

People in Zimbabwe are shunning traditional grocery stores to do their shopping at informal and illegal markets that pop up at night to avoid police raids.

The once-prosperous southern African nation of 15 million people in April introduced a new gold-backed currency called ZiG, short for Zimbabwe ... and black market exchange rates continues ...