(Bloomberg) -- Zimbabwe’s new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit ...

While official narratives describe a trajectory of stabilisation, market sentiment, high-frequency economic indicators, and lived experiences tell a more intricate story. The country stands at a ...

(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 ...

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

Zimbabwe's central bank has introduced a new gold-backed currency, ZiG, to combat high inflation. This is Zimbabwe's sixth attempt at a new currency since 2008. The African nation is aiming to phase ...

HARARE, Zimbabwe (AP) — Zimbabwe will launch a digital currency next month by introducing “tokens” that are backed by gold reserves and can be transferred between people and businesses as a form of ...

Zimbabwe will launch a digital currency next month by introducing "tokens" that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country's ...

HARARE, Zimbabwe — Batsirai Pabwe picked detergents, toothpaste, snacks and some pasta among several grocery items spread on the tarmac of a car parking space — an unorthodox night bazaar illuminated ...

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.