Category: Zimbabwe

Zimbabwe authorities mix charm with force in an attempt to shore up the world’s newest currency

May 26, 2024

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Investor Empires

Breadcrumb links BMN Business Article writer: Associated Press good luck Posted on May 26, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content HARARE, Zimbabwe (AP) — The introduction of the world’s newest currency…
Zimbabwe to fine businesses not using official new exchange rate By Reuters

May 10, 2024

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bitlyfool

HARARE (Reuters) – Zimbabwe will impose fines on companies that use inflated exchange rates as the government struggles to preserve the value of its new gold-backed currency, Zimbabwe Gold (ZiG). Any company using an exchange rate higher than the official rate of 13.5 zig per U.S. dollar would be liable…