The move means that 1 trillion in Zimbabwe dollars now will be equivalent to one Zimbabwe dollar. The old notes -- with the highest being 100 trillion dollars -- not enough to buy a loaf of bread ...

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Explore why the Zimbabwe ZiG currency faces a grim future as its demand among businesses and residents plummet.

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. Since it was launched ...

The former farm owners received dollar payments on March 24, he added. The payment is the latest attempt to resolve the ...

A loaf of bread in Zimbabwe now costs about 300 billion Zimbabwean dollars -- and like most commodities, the price increases every day. Earlier this month, Zimbabwe introduced a 50 billion dollar ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Despite being bolstered by gold and foreign reserves, the local currency has halved in value, while the US dollar continues ...

Spread This News By Bloomberg  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 ...