Zimbabwe stopped short of free-floating its currency in the battle to end weeks of exchange rate volatility that has fueled the country’s latest economic turmoil. The Zimbabwe dollar’s crash ...

Retailers are required to price products in the local currency, with the option of pricing in US dollars using the official exchange rate. However, the official exchange rate in Zimbabwe trails ...

Businesses seem to have accepted the directives in the Presidential Powers (Temporary Measures) (Amendment of Exchange Control Act) Regulations published on Monday and are using the interbank ...

Zimbabwe won’t allow the street rate of the ZiG to determine where its official rate should be as it isn’t driven by market fundamentals, a senior Treasury official said. The ZiG weakened 0.1% ...

The latest adjustment came after renewed pressure on the exchange rate in recent weeks, as reflected in the widening parallel market rates, which now exceed 30 Zimbabwe Gold (ZiG) per U.S. dollar.

The Zimbabwean dollar has fallen about 40% since the start ... The way to do that is to link the exchange rate to some hard asset such as gold," said Ncube. "To do that you have to have some ...

In late 2016, the government of Zimbabwe also introduced a batch of bond notes as a form of alternative currency, with a bond note having an exchange rate of 1:1 with the U.S. dollar. The modern ...

It is the country’s sixth attempt at a new currency since the spectacular 2009 collapse of the Zimbabwe dollar and adoption ... official and black market exchange rates continues to widen ...

Less than six months after Zimbabwe launched yet another new currency ... gaps emerged between the official and unofficial exchange rates of the ZiG as the currency was going for about twice ...

calculates a potential forward rate for the Zimbabwe dollar by measuring the difference between Old Mutual’s share prices in Johannesburg, London and Harare. The indicator is among many “contrived ...

Jonathan Munemo does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...