Zimbabwe’s Currency Crisis Deepens: 42% Devaluation of the ZiG

Zimbabwe’s economic woes have intensified as the country’s central bank devalued its recently introduced currency, the Zimbabwe Gold (ZiG), by a staggering 42%. This drastic move, announced on Friday, September 27, 2024, marks the latest chapter in Zimbabwe’s tumultuous monetary history. John Mushayavanhu, governor of the Reserve Bank of Zimbabwe (RBZ), adjusted the official exchange […]