Harare, May 12, 2026 (NewsDay)—Two years ago, in April 2024, Zimbabwe embarked on its most ambitious monetary experiment to date: the introduction of the Zimbabwe Gold (ZiG). Backed by gold and ...
The Reserve Bank of Zimbabwe (RBZ) on Tuesday released new local currency banknotes to improve market liquidity, but the move triggered a sharp spike in the parallel market exchange rate, raising ...
ZiG loses credibility and the central bank starts printing to cover deficits, breaking the gold-backed stability story.
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