The Zimbabwe ZiG continued its recent rebound and hit its highest level against the US dollar since January this year.

(Bloomberg) -- Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it’s no longer keen to defend and is instead working on a new exchange rate potentially backed ...

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.

The new currency, an outgrowth of the government’s gold-backed token, is performing well economically but receiving mixed public reviews. Zimbabwe Gold (ZiG), the new currency that evolved from a gold ...

The Zimbabwean ZiG currency has remained in a tight range this week as investors reacted to the new announcement by the government. The USD/ZWG exchange rate was trading at 26.19, where it has ...

The new currency will be backed by reserves of foreign currency and precious metals mined in the country HARARE, April 5. /TASS/. Zimbabwe has rolled out a new national currency called Zimbabwe Gold ...

Most Zimbabweans prefer to do business, get paid and hold their savings in US dollars - Copyright GETTY IMAGES NORTH AMERICA/AFP JOE RAEDLE Most Zimbabweans prefer to ...

(Bloomberg) -- Zimbabwe plans to keep its local currency as legal tender, even as the US dollar is now the unit of choice for most transactions in the economy. The extensive use of US dollars doesn’t ...