Street vendors and small business owners who spoke to eNCA in Harare said the use of the Zig only would be disastrous.

Source: US$15m gold processing plant nears completion in UMP District – herald Victor Maphosa Mashonaland East Bureau A US$15 ...

Zimbabwe’s mining industry badly needs significant capital injection, with the gold sector alone needing US$1 billion in capex, according to the Chamber of Mines of Zimbabwe (CoMZ). GOVERNMENT ...

The IMF supports the Zimbabwe gold-backed ZiG “fully becoming a national currency,” replacing the U.S. dollar as the ...

The three-year surge in gold prices is enriching the country’s more than 700,000 informal, or artisanal, miners.

Zimbabwe’s central bank is again issuing gold coins it scrapped ten months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG. Minting of the so ...

Zimbabwe’s central bank has resumed issuing gold coins, a program it halted nearly a year ago, in an effort to bolster the bullion reserves backing the newly introduced local currency ...

Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. Zimbabwe’s central ...

Harare, Zimbabwe – On Monday, Zimbabwe released a gold-backed digital currency for peer-to-peer and peer-to-business transactions as well as to act as a store of value as the country’s ...

Zimbabwe has tried to stave off the depreciation of its currency with unusual ideas before. In July 2022, it launched gold coins as legal tender to stabilize the local currency. But many people ...