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Zimbabwe has launched a new currency, which will be called ZiG and goes into effect on Monday, to replace its previous one that lost more than 70% of its value since January.
Inflation in Zimbabwe surged as a currency rout pushed up the prices of goods and services, adding to pressure on the central bank to act.
(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 ...
Zimbabwe officials say the country’s annual inflation rate more than doubled from May to June, to more than 175%. Economists say multiple devaluations of Zimbabwe's struggling dollar led prices ...
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%.
JOHANNESBURG (Reuters) - Zimbabwe's consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African ...
Euro-area inflation settled at the European Central Bank’s target in June, strengthening arguments to press pause on a ...
Zimbabwe's inflation rate soared in August, marking the highest monthly increase since the introduction of its new bullion-backed currency, the Zimbabwe Gold (ZiG).
HARARE, Oct. 25 (Xinhua) -- Zimbabwe's monthly inflation soared to 37.2 percent in October, marking a return to double-digit inflation after monetary authorities devalued the local currency a ...
JOHANNESBURG (Reuters) - Zimbabwe's consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African ...
INFLATION Zimbabwe inflation surges after currency devaluation A family picks groceries off the shelve at a supermarket in Harare on May 25, 2023. Zimbabwe's rate of inflation has shot through the ...