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(Bloomberg) -- Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it’s no longer keen to defend and is instead working on a new exchange rate potentially backed ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

HARARE (Reuters) - Zimbabwe is working on new measures to stabilize its local currency including linking the exchange rate to hard assets such as gold and creating a currency board, Finance Minister ...

Zimbabwe liberalized its foreign-exchange market and raised interest rates, among a new raft of measures aimed at stabilizing the nation’s currency and reining in resurgent inflation. The central bank ...

HARARE, March 11 () - Zimbabwe's central bank governor on Monday said the exchange rate for the new transitional currency is unlikely to remain at 2.5 per U.S. dollar by the time tobacco auctions open ...

The Zimbabwe ZiG currency has done relatively well this year, helped by the ongoing gold price rally, weaker dollar, and Zim ...

The new currency will be backed by reserves of foreign currency and precious metals mined in the country HARARE, April 5. /TASS/. Zimbabwe has rolled out a new national currency called Zimbabwe Gold ...

As of 21 April 2023, the Reserve Bank of Zimbabwe’s (RBZ) exchange rate stood at ZW$982. The black market rate is currently as high as ZW$1900, a huge cap that diminishes foreign investors’ appetite.

Economic uncertainty drives desperate people, including those with disabilities, into illegal foreign currency trade.

Some sources report currency trades in the Harare black market where the dollar has fetched 10 rand or a rate of 10 US cents per rand - in normal foreign exchange market terms an extraordinary premium ...

Zimbabwe's miners are losing 20% of their export proceeds due to a widening gap between the official and black market currency exchange rate, an industry report showed on Wednesday. HARARE, Oct 27 ...