hyperinflation

HARARE- The Reserve Bank of Zimbabwe (RBZ) is set to introduce higher denomination ZiG notes in an effort to facilitate smoother cash transactions across the country. RBZ Governor John Mushayavanhu confirmed that the new notes will be gradually introduced into the market to align with expected economic activity and ensure stability within the financial system. […]

Zimbabwe’s ZiG currency makes a significant impact on monthly inflation, reducing it to 0.6%, as reported by the Zimbabwe National Statistics Agency (Zimstat) on Wednesday. The ZiG, the country’s newly introduced currency, becomes the sixth currency in 15 years amid Zimbabwe’s battle with rampant inflation. Backed by gold and other precious minerals, it now circulates […]