Zimbabwe Gold, popularly known as the ZiG, has plunged to its lowest level against the US dollar, erasing all the initial gains. Data by the Reserve Bank of Zimbabwe (RBZ) shows that the USD/ZIG ...

Zimbabwe’s currency ... in seven denominations ranging from 1 to 200 ZiG. ZIMBABWEAN DOLLAR LOST ALMOST 100% OF ITS VALUE AGAINST THE US DOLLAR The Zimbabwean dollar has lost almost 100 percent ...

Zimbabwe ZiG or ZWG, the country's gold-backed currency, remains under pressure as usage stays low, and analysts warning of its extinction ...

A liquidity crunch in Zimbabwe is deepening the economy’s embrace of the US dollar and ... weakness against the dollar, the Reserve Bank of Zimbabwe devalued the ZiG by 43%, raised the key ...

However, what market players now need is the assurance that US dollars can be reliably generated and accessed through formal channels, especially considering that US dollar reserves have grown to ...

Zimbabwe Gold (ZiG ... which accounts for price changes in both US dollar and ZiG currencies, showed a month-on-month inflation rate of 0,3 percent in April 2025, up from 0.0 percent in March.

Zimbabwe’s bullion-backed currency ... The central bank has curtailed money supply and kept the key interest rate at 35% since devaluing the ZiG by 43% in September to help it stabilize.

“The monetary policy framework being pursued by the Reserve Bank has gone a long way in entrenching currency, exchange rate and price stability,” he said. The ZiG, short for Zimbabwe ...

Zimbabwe has rolled out a new national currency called Zimbabwe Gold (ZiG), a TASS correspondent ... Its exchange rate to the US dollar will be 13.5 Zimbabwean gold per US dollar," he added.

This strategy aims to hedge against the risk of asset-liability mismatches, where inflation and exchange rate ... US dollar reserves have grown to approximately US$629 million as of March 2025 ...