Search results for 'black market'
Zimbabwe
ZiG Currency Conundrum: Government Cracks Down with Iron Fist to Tackle Black Market
Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG), has experienced appreciation on the formal market on April 18, 2024, maintaining a consistent streak of appreciation. Since its introduct
Apr 18, 2024
Zimbabwe
Retailers Urge Government to Abandon Pegged Exchange Rate: Will Government Heed?
The Retailers Association of Zimbabwe (RAZ) has urged the government to abandon the pegged exchange rate system in favor of a market-determined exchange rate, believing this shift could revitalize the
Sep 24, 2024
Zimbabwe
Zimbabwe Limits Forex Withdrawals Abroad to US$2k: What it Means, Implications
The Reserve Bank has taken decisive action to curb capital flight and stabilize the formal economy by reducing the amount of foreign currency individuals can take out of the country from US$10,000 to
Sep 30, 2024
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CBZ Holdings Profit Hits ZiG 1.1Bn in Q3, Operational Efficiency Drives 58% Income Surge
CBZ Holdings posted a profit after tax of ZWG 1.11 billion for the nine months ended 30 September 2025, a 10% increase from ZWG 1.01 billion a year earlier, reflecting resilient profitability as Zimba
7 hours agoZimplats’ Q1 Smelter Failure Triggers 24% Plunge in 6E Output to 143k Ounces, Trapes 12koz in Inventory
Zimplats, Zimbabwe’s leading platinum group metals producer, suffered a 24% quarter-on-quarter plunge in 6E metal in final product to 142,535 ounces for the quarter ended 30 September 2025, driven by
9 hours ago
