Zimbabwe's Central Bank Devalues Troubled ZiG by Over 40% Amid Fears of Massive Business Closures
Published on: Thursday 26 September 2024
The Reserve Bank of Zimbabwe (RBZ) has devalued the fast-depreciating Zimbabwe Gold (ZiG) by 42.6% following threats by some big retailers to shutdown their businesses if they are being forced to sell commodities in the local currency currently trading at more than 33 ZiG per U.S dollar on the...
