Zimbabwe, ZiG
Zimbabwe knocks 40% off value of gold-backed currency
Zimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last ditch effort to stabilise the country's volatile economy, is in trouble. The Reserve Bank of Zimbabwe (RBZ) made the decision to slash the local exchange rate to 24 Zig to $1 (£0.75) on Friday.
Zimbabwe's ZiG currency falls over 40% on interbank market
Zimbabwe's gold-backed ZiG currency fell more than 40% against the U.S. dollar on the interbank market from Thursday to Friday, the central bank's website showed. The Reserve Bank of Zimbabwe's website gave the mid rate for ZiG as 24.
Zimbabwe’s new currency, ZiG, falls over 40% against the Dollar after government decision
Zimbabwe's new currency, the ZiG, has experienced a depreciation of over 40% after the country's central bank made recent adjustments
Zimbabwe Said to Devalue Gold-Backed ZiG by 44% Against Dollar
Zimbabwe sold its gold-backed currency to banks at 44% less than the prevailing rate against the dollar Friday, according to four treasury dealers, effectively devaluing the unit.
Zimbabwe allows currency to slump over 40%, hikes policy rate
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 sustained pressure on the currency which was only launched in April.
Zimbabwe said to cut value of gold-backed ZIG by 44%
Zimbabwe has devalued its gold-backed currency, the Zimbabwe Gold (ZiG), selling it to banks at a rate 44% lower than the prevailing dollar exchange rate. ・Zimbabwe devalued its gold-backed currency,
Zimbabwe’s Gold-Backed ZiG Weakens Past 14 Per Dollar to Record Low
Zimbabwe’s bullion-backed currency has slid past 14 per dollar, its weakest level on the official market since it started trading five months ago.
Zimbabwe criticized for allowing mass killing of elephants amid El Nino-produced drought
A climate crisis in southern Africa has triggered the government of Zimbabwe to allow for the mass slaughter of elephants, ...
Zimbabwe to cull 200 elephants to feed citizens left hungry by drought
Zimbabwe has authorized a mass slaughter of elephants to feed citizens left hungry by its worst drought in decades.
Zimbabwe's Raza hails impact of franchise cricket on lower-ranked nations
Players from lower-ranked nations have limited opportunities to learn from competing with top-tier teams but franchise ...
China Mining Firms Partner with Zimbabwe on Lithium Mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit ...
Remains of South African freedom fighters arrive home from Zimbabwe and Zambia
The remains of 49 freedom fighters who died while exiled in Zimbabwe and Zambia during the struggle against white minority ...
Zimbabwe's Plan To Cull 200 Elephants Doesn't Go Far Enough, Official Says
Elephant numbers exceed what Zimbabwe's ecosystem can support in a nation experiencing a drought that is expected to leave millions of people at risk of hunger.
Cricket-Zimbabwe's Raza hails impact of franchise cricket on lower-ranked nations
Players from lower-ranked nations have limited opportunities to learn from competing with top-tier teams but franchise ...
Zimbabwe and Namibia will kill scores of elephants to feed people facing drought
Zimbabwe and Namibia plan to slaughter hundreds of wild elephants and other animals to feed hunger-stricken residents amid ...
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Land barons and illegal sales in Zimbabwe: a crisis that Government is clamping down on
Online Reporter ONE of Zimbabwe’s popular religious organisations, The Apostolic Faith Church, has lost a giant following the ...