In April, Zimbabwe’s central bank launched the ZiG, or Zimbabwe Gold, which was hyped as a stabiliser amid the country’s long-running currency and economic crisis. But in late September ...

Zimbabwe’s crumbing economy, long afflicted by poor management, political conflict and climate change, has pushed millions into taking desperate measures to survive. It is estimated that some ...

Inflation-hit Zimbabwe has a new currency — again. Last week, the country's central bank introduced a new gold-backed currency called Zimbabwe Gold, or ZiG, in an attempt to tame price gains ...

Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the dollar for a second day on the back of tighter monetary policy.

Zimbabwe won’t solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said. “There’s a ...

No timeline was given for the change. The ZiG, short for Zimbabwe Gold, is the southern African nation’s sixth attempt in 15 years at replacing its main transacting currency — the dollar.