2025 budget: All eyes on Mthuli

In September, the Reserve Bank of Zimbabwe devalued the ZiG to US$1:ZiG24,39 from the prior day’s exchange rate of 1: 13,99.
By Harriet Chikandiwa and Julia Ndlela Nov. 28, 2024

Tourism players tipped on exchange control regulations

Foreign currency retention thresholds remain standardised at 75% across all sectors except for small-scale gold producers.
By Julia Ndlela Nov. 24, 2024

RBZ bemoans lack of confidence in ZiG

This comes despite the currency firming against the dollar,  trading at ZiG25,4834 per dollar on the interbank market yesterday from ZiG28,6829 on November 1.
By Melody Chikono Nov. 13, 2024

Panic not inflation is under control: RBZ

However, the RBZ remains confident that stabilising gold prices, coupled with the country’s rich human capital and natural resources, will help restore economic balance.
By Blessed Ndlovu Nov. 8, 2024

Lack of disclosure hurts ZiG, says top banker

Zimbabwe’s government has faced persistent challenges in stabilising its currency since 2009, with repeated attempts failing largely due to public mistrust.
By Tafadzwa Mhlanga and Freeman Makopa Nov. 8, 2024

RBZ ups transfer limits as battered ZiG loses steam

The central bank devalued the ZiG to 1:23,4 against the greenback up from 1:14.
By Staff Reporter Nov. 2, 2024

Mushayavanhu tweaks RBZ executive team

Prior to that, Nyemudzo had served as the CBZ Holdings Limited CEO for three years until December 31, 2017.
By Tatira Zwinoira Nov. 1, 2024

The ZiG is a backed, not baked currency

Prices of precious metals and values of currencies do not always move in tandem.
By Prosper Munyedza Oct. 31, 2024

‘Sovereignty ego maintaining ailing ZiG’

The ZiG, Zimbabwe’s sixth attempt to introduce a stable currency in 15 years, has been losing value since it debuted in April following the demonetisation of the Zimdollar this year.
By Silas Nkala Oct. 30, 2024