ZIMBABWE has huge potential to maintain the prevailing strength and stability of its local currency anchored by the sustained ...

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

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

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 ...

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

Zimbabwe liberalized its foreign-exchange market and raised interest rates, among a new raft of measures aimed at stabilizing the nation’s currency and reining in resurgent inflation.

Mthuli Ncube said Zimbabwe was abandoning strict control of foreign exchange by the central bank at a time when prices are soaring and the local currency is fast losing value on the black market ...

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.

Analysis - The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of US$1 to ZW$25 on March 26, 2020. Two weeks earlier (on March 11 ...

Zimbabwe is working on new measures to stabilise its local currency including linking the exchange rate to hard assets such as gold and creating a currency board, Finance Minister Mthuli Ncube ...

Zimbabwe will fine businesses using inflated exchange rates as the government battles to maintain the value of its newly introduced gold-backed currency, the Zimbabwe Gold (ZiG).

HARARE, Oct 27 (Reuters) - Zimbabwe's miners are losing 20% of their export proceeds due to a widening gap between the official and black market currency exchange rate, an industry report showed ...