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ZiG

China ‘not in the business of haircuts’ as Zimbabwe asks for debt reduction from creditors

by Ron Morgan
China ‘not in the business of haircuts’ as Zimbabwe asks for debt reduction from creditors

“Zimbabwe is currently in debt distress due to the accumulation of external debt payment arrears amounting to US$6.7 billion,” Ncube said. “The external debt overhang is weighing heavily on the …

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Zimbabwe’s gold-backed ZiG is the world’s newest currency

by Walter Watson
Zimbabwe’s gold-backed ZiG is the world’s newest currency

The government had previously floated various ideas to replace the Zimbabwe dollar, including introducing gold coins to stem inflation and even trying out a digital currency. People queue to withdraw …

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