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The International Monetary Fund said it would like to see the ZiG “fully becoming a national currency” as it considers whether to place Zimbabwe on a staff-monitored program....
Zimbabwe's bullion-backed currency is heading for failure because policy mistakes have pushed it to the sidelines, according to the country's oldest independent brokerage....
Zimbabwe collected $215 million from exporters in the first quarter after ordering them to surrender almost a third of the foreign currency they earn to the central bank in exchange for ZiGs to improve liquidity on the interbank market....
Gold and foreign currency reserves backing Zimbabwe's bullion-linked unit have risen more than twofold since its introduction a year ago, central bank Governor John Mushayavanhu said....
A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago....
Zimbabwe has ample dollars to supply demand, according to the head of the central bank, who assured the southern African nation that it does not have a currency “problem.”...
Zimbabwe's new gold-backed currency, the ZiG, isn't even a year old and is already suffering from the same lack of credibility that doomed its predecessors....
Zimbabwe's Finance Minister Mthuli Ncube said the southern African nation needs to regain access to credit lines before it can adopt the ZiG as its sole currency....
A Zimbabwean business lobby group has said the country's plan to return to a mono-currency system earlier than originally announced is undermining ......
Zimbabwean authorities are attempting to assure markets that the recent 43% devaluation of the local currency against the dollar was a “once-off” ......