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Traders express concern over Zimbabwe’s 28% stock surge and weakening ZiG
Zimbabwe’s stock market is soaring, but it’s not for the usual reasons. Investors are flocking to equities as a safe haven from the rapidly deteriorating Zimbabwe Gold (ZiG)-backed currency. Since August 28,
Traders See Pain in Zimbabwe’s 28% Stock Surge and Shaky ZiG
Zimbabwe’s stocks are on a tear as investors seek refuge from the new bullion-backed currency that’s at a record low against the US dollar.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughNew York City’s Transit System Plans $65.
Traders See Trouble in Zimbabwe’s 28% Stock Surge and Weaker ZiG
Zimbabwe’s stocks are on a tear as investors seek refuge from the new bullion-backed currency that’s at a record low against the US dollar
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1d
Pressure on Zimbabwe's new ZIG currency forces central bank to release $64mn into money market
By bne IntelliNews The Reserve Bank of Zimbabwe (RBZ) has, since September 1, injected $64mn into the currency market amid increased demand for the greenback which has piled pressure on the Zimbabwe ...
10h
Zigup's (LON:ZIG) investors will be pleased with their notable 53% return over the last five years
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to ...
Opinion
Bulawayo 24
1d
Opinion
ZiG currency another scam
Introducing new currency every time and again is not the panacea to the challenges that the country is currently facing.The ...
The EastAfrican
1d
Why Zimbabwe’s ZiG is tanking
Economists say the introduction of the new currency has not solved Zimbabwe’s old exchange rate problems, which are getting ...
Opinion
The Zimbabwe Mail
3d
Opinion
Analysis: Why the Zimbabwe ZiG is Facing an Uphill Battle
Zimbabwe’s currency experiment with the ZiG (Zimbabwe Gold) is rapidly deteriorating. Since its inception in April, the ZiG ...
11d
Zimbabwe’s ZiG Currency Hits Longest Losing Streak Against Dollar
Zimbabwe’s bullion-backed currency is experiencing its longest run of losses against the dollar since it started trading on ...
devdiscourse
2d
Zimbabwe's New Currency Under Siege: ZiG Fights for Survival
Zimbabwe's new gold-backed currency, the ZiG, faces significant challenges after losing almost 80% of its value on the black ...
News Day
3d
Govt in a fix as farmers reject ZiG
GOVERNMENT is in a fix as its bid to promote the use of the Zimbabwe Gold (ZWG) hit a snag after farmers last week forced ...
9d
Zimbabwe Central Bank Chief Plans Crackdown On Gold-Backed Currency Saboteurs
Zimbabwe’s central bank vowed to “double efforts” against currency saboteurs it blames for fanning the decline of the ...
Middlebury Campus
2d
Zig Zag Lit Mag celebrates release of Issue No. 17, gathering Addison County writers and artists
On Sunday afternoon, a group of Addison County residents gathered in the cozy and historic barn at The Tillerman Inn in ...
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Zimbabwe
currency
United States dollar
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