Browsing Tag
Zimbabwe
10 posts
Zimbabwe’s Gold-backed Currency Dips 40% Against the US Dollar
The Reserve Bank of Zimbabwe (RBZ) declared a devaluation of the Zimbabwe Gold, also known as ZiG, less…
Local Currency That Challenged the US Dollar Fails, Dips 40%
Zimbabwe had recently launched a new currency named ZIG which was backed by gold. The gold-backed ZIG local…
BRICS: New Gold-Backed Currency Gains Steam & Challenges the US Dollar
Inspired by the BRICS de-dollarization agenda, Zimbabwe launched a new gold-backed currency, the ZIG, early this year to…
BRICS: UAE Boosts Trade With Perspective New Member
BRICS member United Arab Emirates (UAE) has met with and boosted trade talks with a prospective new bloc…
BRICS: New Country Officially Announces De-Dollarization Roadmap
After the BRICS alliance kick-started the de-dollarization agenda in 2022, several developing countries are seriously considering replicating the…
BRICS: US Dollars in Hard Cash Worth Millions Flown to Zimbabwe
While BRICS is explaining the merits of de-dollarization to other countries, Zimbabwe is in dire need of the…
After Applying to BRICS, Zimbabwe Aims To Back Currency With Gold
Zimbabwe had applied to join the BRICS alliance and the decision for its induction could be taken this…
Finance Minister Warns BRICS, Says De-Dollarization Leads to Disaster
The BRICS alliance is advancing de-dollarization efforts by using local currencies for international trade settlements. Developing countries are…
Zimbabwe to Create New Digital Currency Backed by Gold
Zimbabwe has taken a step ahead in the digital currency sector with plans to create a new digital…
Zimbabwe Looks to Be the Next Country to Accept Bitcoin as a Legal Tender
The southern African country of Zimbabwe seems to be paying close attention to increasing demand for crypto. Presently,…
