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Articles
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ZiG plays havoc on the Zimbabwe Stock Exchange
24 avril, par Charles RukuniZimbabwe’s new currency has wiped out a more than 330% gain on the stock market this year, leaving investors dealing with the fallout. The Zimbabwe Stock Exchange All Share Index fell 99.95% since the introduction of ZiG, short for Zimbabwe Gold, on 5 April. The gold-backed ZiG succeeded the (...) -
Jonathan Moyo tells Mushayavanhu to stick to monetary policy and leave money changers to the police
23 avril, par Charles RukuniOne bane of recent public discourse in Zimbabwe is not only that it is never about ideas or issues but it is invariably about ‘good guys’ versus ‘bad guys’ – depending on their real or perceived political affiliation – but also that it entirely proceeds on a weird presumption that if you agree (...) -
ZiG kicks off third week on a stronger note
22 avril, par Charles RukuniZimbabwe’s new currency kicked off its third week on a stronger note raising questions as to who is manipulating the currency on the black market. The ZiG which kicked off at 13.5616 on 8 April today averaged 13.2889 with the buy rate at 12.9567 and the sell rate at 13.6211. The sell rate on (...) -
Zimbabwe asks US to tell its banks they can now deal with Harare
20 avril, par Charles RukuniZimbabwe Finance Minister Mthuli Ncube is asking the US government to tell banks that they will no longer be fined for dealing with Zimbabwe. The country has lost at least 102 correspondent banking relationships as international banks held back over fears of attracting penalties from the US (...) -
Zimbabwe worried ZiG is appreciating too fast ?
19 avril, par Charles RukuniZimbabwe, whose currency declined 80% this year before being abandoned, is now worried about its new unit the Zimbabwe Gold (ZiG) appreciating too fast. According to Bloomberg, the ZiG has advanced against the dollar since it was introduced on 5 April, spurring concerns that it will hurt (...)