Zimbabwe

Breadcrumb linksBMN BusinessArticle writer:Associated Pressgood luckPosted on May 26, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account.Article contentHARARE, Zimbabwe (AP) —…

HARARE (Reuters) - Zimbabwe will impose fines on companies that use inflated exchange rates as the government struggles to preserve the value of its new gold-backed currency, Zimbabwe Gold (ZiG). Any company using an exchange rate higher…

4/4 © Reuters. World Bank's Regional Vice President for Eastern and Southern Africa, Victoria Kwakwa looks on during an exclusive interview with Reuters, in Harare, Zimbabwe, March 1, 2024. REUTERS/Philimon Bulawayo 2/4 By Nyasha…

The Central Bank of Zimbabwe introduced this gold-backed digital currency to combat the volatility of its national currency. In a notice on Thursday, May 4, the Reserve Bank of Zimbabwe (RBZ) invited financial institutions and…

On April 23, the Reserve Bank of Zimbabwe (RBZ) said that the gold-backed digital asset will be used as legal tender in the African country. The move is part of an effort to stabilize the country's economy and the…