Search results for 'Exchange rate'
Zimbabwe
ZiG Weekly Review: Slides to 26.67, Worst Performance Since January, but PMR Gap Narrows
The Zimbabwe Gold (ZiG) has demonstrated sustained depreciation against the United States Dollar (USD), recording an exchange rate of 26.6749 on 17 March 2025, extending a loss-making streak observed
Mar 17, 2025
Zimbabwe
ZiG Weekly Review: Gradual Erosion Continues, What’s the Key to Sustainable Stability?
The Zimbabwe Gold (ZiG) has faced persistent bearish pressure against the US dollar (USD), settling at an exchange rate of 26.7069 as of March 21, 2025, marginally weaker than its 26.7116 close on Jan
Mar 21, 2025
Zimbabwe
RBZ Repeal Penalties on Pricing Above Official Rate Under SI 34 of 2025: Analysing ZiG and Exchange Rate Policy Shift
Government has repealed Statutory Instrument 81A of 2024, which penalised businesses for charging goods and services above the official exchange rate set by the Reserve Bank of Zimbabwe (RBZ). This p
Apr 17, 2025
Zimbabwe
ZiG Firms for the First Time on Formal Market, Ends Bearish Streak Since April
The Zimbabwe Gold (ZiG) appreciated for the first time on May 21, 2025, strengthening to 26.8853 from 26.9786 per dollar the previous day, breaking a chain of loss-making streaks since April 25, when
May 23, 2025
Companies
Controlled Exchange Rates, ZiG Devaluation Sink Meikles into FY2025 Financial Loss
Meikles Limited, Zimbabwe’s second-largest retailer by store count, reported a significant financial setback in FY2025, plunging into a loss of ZWG 264 million from continuing operations, a contrast t
Jul 29, 2025
Top Stories
Illicit Capital Floods Zimbabwe’s REITs: Tigere Maintains Full Occupancy Amid Concerns
A concerning surge in illicit capital inflows and fuel arbitrage, is increasingly being channelled into Zimbabwe’s urban commercial property market, including the real estate investment trust (REIT) s
Jul 29, 2025