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Data by the Reserve Bank of Zimbabwe (RBZ) shows that the USD/ZIG pair surged to 13.67, up from its initial price of 13.56.It had initially peaked at around 7 against the US dollar, pushing the ...

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 ...

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 alm ...

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.

Unlike floating exchange rates, a peg provides predictability. Businesses can plan, importers and exporters can price more ...