News Zimbabwe Trading: Zimbabwe's new ZiG currency starts trading, credibility doubts linger
Zimbabwe's new gold-backed currency started trading on Monday amid doubts that the country's third such re-launch in a decade will have any more success in ending repeated, crippling bouts of high inflation. The Zimbabwe Gold (ZiG) was announced on Friday by the central bank with an initial rate of 13.56 to $1, replacing the Real Time Gross Settlement Dollar (RTGS), which had lost about 80% of its value this year and had been trading at 28,720 to $1 before the change. Bank balances were transferred into the new currency over the weekend while their customers will have 21 days to do so, and the new banknotes will enter circulation at the end of this month, according to the Reserve Bank of Zimbabwe.
News Zimbabwe Trading: Forex Trading in Zimbabwe
Start trading forex in Zimbabwe today with FOREX.com or eToro as your trusted broker. 2019 marked the end of the multiple currency system in Zimbabwe. The country reintroduced its native dollar with a ...
News Zimbabwe Trading: Zimbabwe halts stock trading, transfers to defend currency
Zimbabwe's stock exchange suspended trading on Monday following a weekend government order that also forced mobile money transfer platforms to temporarily halt business as authorities tried to protect the country's currency. Read more.
News Zimbabwe Trading: World diamond trading group bans Zimbabwe stones
HARARE, Zimbabwe — In what's being hailed as an unprecedented move that will boost buyer awareness of blood diamonds, a global diamond trading network vowed Monday to expel any member who knowingly trades gems from two Zimbabwe mines where laborers have been killed and children enslaved.
News Zimbabwe Trading: Former Zimbabwe cricket captain Taylor says he took drugs, bribe
Former Zimbabwe cricket captain Brendan Taylor revealed Monday in a tweet he took cocaine, a $15,000 bribe from an Indian businessman to fix matches and that he faces a multiple-year ban from ...
News Zimbabwe Trading: Zimbabwe: Efforts to Tame Inflation Commendable
Editorial - The continual battle against inflation has to address some underlying economic fundamentals, mainly the growth in money supply, which can be sorted out by economic reforms and the desire ...
News Zimbabwe Trading: RioZim plans to list on US$-only Zimbabwe exchange
Spread This NewsBy miningweekly.com RioZim is weighing a listing on Zimbabwe’s Victoria Falls Stock Exchange, where trading is denominated in foreign currency, according to people familiar with the ...
