HARARE — Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston …
ZIG
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LOCAL NEWS
Govt Speaks On Why ZiG Will Not Be Accepted For Passports Fees!
by Kells Dzivaby Kells DzivaThe government will continue charging passport fees in foreign currency, citing the need for the investor to recover the funds invested in the electronic passport system. President Mnangagwa’s son, David …
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LOCAL NEWS
Zimbabwe’s New Currency, ZiG, Faces Rejection as Local Businesses Struggle for Foreign Currency
by Kells Dzivaby Kells DzivaLocal businesses are facing challenges in accessing foreign currency from banks to finance the purchase of necessary inputs for production. This situation may lead to widespread rejection of the country’s …
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BUSINESS NEWS
Currency Concerns Rise as Businesses Struggle for Foreign Currency Access
by Kells Dzivaby Kells DzivaBusinesses are encountering difficulties accessing foreign currency from banks to finance the procurement of necessary inputs for production, a situation that analysts fear could lead to widespread rejection of Zimbabwe’s …
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LOCAL NEWS
Police Speak On Why They Arrested Minister’s Son Neville Mutsvangwa
by Kells Dzivaby Kells DzivaHarare | The Zimbabwe Republic Police has confirmed the arrest of Neville Sunungurai Mutsvangwa, son of Women’s Affairs, Community, Small and Medium Enterprises Development Minister Monica Mutsvangwa, along with two …
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LOCAL NEWS
Govt introduces ZiG200,000 civil penalty for violating official exchange rate
by Kells Dzivaby Kells DzivaZimbabwe’s Finance Minister Mthuli Ncube, backed by President Emmerson Mnangagwa, has enacted a new regulation penalizing businesses for pricing goods and services above the official exchange rate, the Government Gazette …
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The World Bank has distanced itself from being the driving force behind Zimbabwe’s new currency, the Zimbabwe Gold (ZiG). Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu had claimed that …
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Zimbabwe’s currency, Zimbabwe Gold (ZiG), on Monday, 06 May, weakened to its lowest level against the US dollar since it was launched last month, reported Bloomberg. According to data posted …
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The demand for more small ZiG denominations is overwhelming supply in the small to medium enterprises sector, with vendors imploring the Reserve Bank of Zimbabwe to release more coins for …
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Zimbabweans should embrace the newly introduced local currency, the Zimbabwe Gold (ZiG) to ensure the country does not become a supermarket of the region. This comes as the operationalisation of …