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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Zimbabwe Surpasses 40-Tonne Gold Target Early, Earnings Eye Over $4 Bn: But is Treasury Benefiting?
Zimbabwe's gold sector has achieved a notable milestone in 2025, surpassing its annual production target of 40 tonnes with a cumulative year-to-date output of 41.4 tonnes as of November, exceeding pro
Dec 11, 2025Zimbabwe's Exports Surpass $1 Billion for First Time, Imports Steal the Show at $1.03 Billion
Zimbabwe has achieved a historic milestone in October 2025, with monthly exports surpassing the US$1 billion threshold for the first time, reaching US$1.02 billion. This represented a strong 20.2% mo
Dec 08, 2025
