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 ...

(Bloomberg) -- Zimbabwe, in its latest bid to end the serial slide of the local dollar, has replaced it with a new unit called the ZiG backed by a basket of foreign currency and gold. Central Bank ...

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 currency plunged to a record in the unauthorized market Monday after the central bank urged suppliers not to buy foreign exchange with payment they recently received from the government.

Zimbabwe’s currency is showing signs of stability for the first time in weeks, after a free-fall in the local dollar had pushed inflation into triple digits. The Zimbabwean dollar gained for the first ...

The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance. The Reserve Bank of Zimbabwe has introduced Zimbabwe ...

The Zimbabwean dollar’s (ZWL) free-fall is attributed to fiscal and monetary policy failures, as well as the authorities’ inability to deal with the thriving illegal foreign currency trade in the ...

HARARE (Reuters) - Zimbabwe will slash 10 zeros from its currency from August 1, central bank Governor Gideon Gono said on Wednesday in another attempt to bring relief to consumers ravaged by ...

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 ...

HARARE (Reuters) - On online auction site eBay, a 100 trillion Zimbabwean dollar note is a collector's item fetching up to $35, a small fortune compared with the 40 U.S. cents on offer from the ...