The RBZ is optimistic about the gold-backed ZiG currency as a viable alternative to the
The Reserve Bank of Zimbabwe is optimistic about the stability of the gold-backed ZiG currency,
Zimbabwe’s central bank asserts no foreign exchange crisis exists, with adequate reserves showcased by a
Zimbabwe’s central bank supports its foreign exchange stability claims, reporting adequate reserves. Only $15 million
Zimbabwe’s monthly inflation rate dropped to 0.5% in February 2025, down from 10.5% in January,
Zimbabwe’s bullion-backed ZiG currency has significantly depreciated by 95% against the dollar since its launch.
Zimbabwe’s gold reserves supporting the ZiG currency have reached US$533 million, fueled by increased mineral
Zimbabwe’s central bank aims for a tight monetary policy in 2025, maintaining a 35% bank
The RBZ maintains an interest rate of 35% to manage inflation amid the depreciation of