HARARE, Zimbabwe — Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population.

(Bloomberg) -- Zimbabwe’s new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit ...

(Bloomberg) -- 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. Finance Minister Mthuli ...

(Bloomberg) -- Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it’s no longer keen to defend and is instead working on a new exchange rate potentially backed ...

But trust, once repeatedly broken, is slow to rebuild. Until policy consistency is demonstrated over time — across political cycles, fiscal pressures and external shocks — the US dollar will remain ...

Zimbabwe’s central bank on Friday said its beleaguered local dollar will be replaced by new currency backed by gold, other precious metals and foreign currencies. Zimbabwe Gold, or ZiG, will “foster ...

JOHANNESBURG (Reuters) - Zimbabwe's consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African ...

Zimbabwe’s annual inflation rate fell to single digits for the first time since 1997, a development authorities say is ...