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14 hours ago · The News. HARARE, Zimbabwe — Zimbabwe’s government has ordered its agencies and the private sector to accept its new gold-backed currency and plans to introduce new measures to enforce its use as local markets continue to use US dollars. The Zimbabwe Gold (ZiG) was introduced last month to tackle hyperinflation after its predecessor, the ...
Jul 27, 2021 · Zimbabwean inflation slowed to double digits in July for the first time in more than two years. Consumer prices rose 56.37% from a year earlier, compared with 106.6% in June, the Zimbabwe...
3 days ago · On April 30, the Internet was flooded with pictures and stories of Zimbabweans holding their new currency, named ZIG (short for Zimbabwe Gold). The Zimbabwean economy has faced hyperinflation for ...
3 days ago · Inflation, meanwhile, is running at an annual rate of 55% — lower than the hyperinflation which plagued Zimbabwe in the past, but still high enough to make the cost of living difficult for most ...
2 days ago · Venezuela; and. Zimbabwe. All economies that were hyper-inflationary in 2023 continue to be hyper-inflationary in 2024, apart from Yemen which is no longer hyper-inflationary from June 2024. The projected three-year cumulative inflation of the economies in the list above is expected to continue to exceed 100% during 2024. South Sudan.
3 days ago · In Zimbabwe, which has been beset by a decades-long economic crisis characterised by hyperinflation, a 54 percent unemployment rate and highly volatile local currencies, the more stable United ...
2 days ago · By Ray Ndlovu. Zimbabwe plans new rules to compel businesses to only use the official exchange rate of its gold-backed currency, the ZiG, when pricing goods and services. The move, announced Tuesday by Finance Minister Mthuli Ncube, is aimed at preventing the development of an unofficial market in the ZiG, which flourished during previous ...
