Zimbabwe, ZiG
Zimbabwe’s Gold-Backed ZiG Weakens Further After Devaluation
Zimbabwe’s gold-backed currency, which was devalued by 43% by the central bank on Sept. 27, remained under pressure on Monday.
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.
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 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 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 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’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.
The State of Zimbabwe’s Education System and the Need for Industrial Placements for Unexperienced Lecturers
The following is a guest post by Eng. Jacob Kudzayi Mutisi. Education is often heralded as the cornerstone of national ...
AllAfrica.com8m
Zimbabwe: Freak Storms Hit Salisbury
AN ELDERLY man was killed by lightning on the outskirts of the city centre when evening rain and hailstorms swept through several Salisbury suburbs yesterday.
Chronicle6h
Zimbabwe Afro T10 for Bulawayo in 2025?
Eddie Chikamhi, Harare Bureau ZIMBABWE Cricket is pushing for the 2025 edition of the exciting Zim Afro T10 tournament to be ...
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'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.
Drought-Stricken Zimbabwe to Proceed with Rare Elephant Cull
Zimbabwe will proceed with its first elephant cull in decades after the southern African nation suffered a severe drought, ...
Namibia, Zimbabwe to slaughter elephants to feed people
The Namibian government last month approved the culling of 723 animals, including 83 elephants, 30 hippos, 60 buffalos, 50 ...
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 ...
Al Jazeera English20h
How secondhand clothes took Zimbabwe by storm – and hammered retail
The country’s clothes manufacturers are taking a beating from imported ‘preloved’ clothes and a struggling economy.