Tag: ZiG currency

Zimbabwe's Parliament building
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Zimbabwe hikes minimum wage by 80% as new gold-backed currency steadies

Zimbabwe boosts unclassified minimum wage by 80 percent to $270 and sets new tiered pay scales for domestic staff.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe plans gradual shift from U.S. dollar to ZiG to restore trust
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Zimbabwe moves to reduce reliance on U.S. dollar amid currency shift

Zimbabwe is stepping up efforts to ease its dependence on the U.S. dollar, part of a broader plan to restore confidence in its local currency and steady the economy after years of instability. The push reflects growing concern among policymakers that dollarisation has weakened the country’s ability to manage inflation and guide economic policy.  For more than a decade, the…

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