HARARE, Zimbabwe — Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population.

(Bloomberg) -- Zimbabwe’s new currency is a step toward eventually abandoning the use of US dollars in the economy, Vice President Constantino Chiwenga said. The ZiG was introduced on April 5 to ...

Zimbabwe's stock market is up roughly 800% in 2023, the world's biggest rally. The rally has taken shape as the country's annual inflation is up 176%. Local investors are turning to the stock market ...

Zimbabwe’s bullion-backed currency is experiencing its longest run of losses against the dollar since it started trading on April 8. The ZiG, short for Zimbabwe Gold, fell for a ninth consecutive day ...

Officials boast that inflation is tumbling, the exchange rate is holding firm, and confidence is being restored ...

The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance. The Reserve Bank of Zimbabwe has introduced Zimbabwe ...

The US dollar will remain the dominant currency in Zimbabwe even after the government’s December 2025 deadline to stop its use in the economy, the country’s largest independent asset manager said.

Zimbabwe’s gold-backed digital token is not going to stabilize the country’s local currency as the central bank hopes, two economists told CoinDesk. On May 8, the Reserve Bank of Zimbabwe issued ...

Jonathan Munemo is affiliated with the Council on Foreign Relations. He was appointed as an International Affairs Fellow for Tenured International Relations Scholars for the 2023-24 academic year. The ...

HARARE, June 14 (Reuters) - Zimbabwean businesses and households are fearing a repeat of the hyperinflation seen more than a decade ago as prices of basic commodities spike after a sharp weakening in ...

A former Zimbabwe finance minister said de-dollarization could result in an economic "disaster." Zimbabwe has applied to join the BRICS bank, where there's debate about moving away from the dollar. In ...