RBZ governor John Mushayavanhu says Zimbabwe’s ZiG is undervalued and should trade much stronger against the US dollar.

As of 21 April 2023, the Reserve Bank of Zimbabwe’s (RBZ) exchange rate stood at ZW$982. The black market rate is currently as high as ZW$1900, a huge cap that diminishes foreign investors’ appetite.

Zimbabwe will launch a digital currency next month by introducing "tokens" that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country's ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. HARARE, Zimbabwe (AP) — Out with the ...

Zimbabwe’s central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout. The monetary policy committee will meet “to discuss interventions to ...

(Reuters) -Zimbabwe's annual inflation rate was at 85.7% in April in local currency terms, statistics agency data showed. Friday's release is the first time Zimstat has given a year-on-year local ...

(Bloomberg) -- Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it’s no longer keen to defend and is instead working on a new exchange rate potentially backed ...

HARARE (Reuters) -Zimbabwe's annual inflation rate could halve from current levels by the end of 2025, driven by a stable local currency supported by high gold prices, according to a report by the ...

The ZiG should be trading at around 15 to the greenback, rather than the official rate of about 25, Reserve Bank chief John Mushayavanhu has said ...

HARARE, Zimbabwe (AP) — Out with the Zimbabwe dollar, in with the ZiG. Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often outright ...

Zimbabwe will launch a digital currency next month by introducing "tokens" that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country's ...