It has lost just over $1 000 since the elections of 23 August but is still a long way off from the low of $6 926.564 that it reached on 20 June.
Zimbabwe is working on stabilising the local currency which should be the country’s sole currency from the beginning of 2026.
The country is currently using a multiple currency regime which is dominated by the United States dollar.
Business is, however, quite aware that use of the United States dollar is not sustainable as local products will not be competitive against those from the region.
Zimbabwe President Emmerson Mnangagwa has repeatedly said that no country has ever developed using another’s currency and is currently banking on his mantra that “nyika inovakwa nevene vayo, igotongwa nevene vayo, igonamatigwa nevene vayo”.
(2469 VIEWS)
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
