All set for ZiG notes, coins release

Zimbabweans will start transacting in Zimbabwe Gold (ZiG) notes and coins this Tuesday after all banks collected the local currency from the central bank for distribution across the country.   Over 21 days after the launch of the new currency, the wait is now over as banks have collected the new notes and coins for […]

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Zim needs USD$2b to clear financial arrears

ZIMBABWE is looking for US$2 billion bridge financing to clear its to the World Bank and African Development Bank (AfDB) arrears, Finance minister Mthuli Ncube has said as Harare seeks to normalise relations with international financial institutions.   Zimbabwe owes about US$1,5 billion and US$680 million to the World Bank and AfDB, respectively, which are […]

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ZIMSWITCH announces new ZiG ZIPIT limits

In a move aimed at streamlining financial transactions in Zimbabwe, ZIMSWITCH, the national payments provider, has announced new limits for sending and receiving money using the ZIPIT platform. This comes after the recent introduction of the ZiG, the new Zimbabwean currency, replacing the inflation-battered ZWL. Let’s delve into what these new limits mean for you. […]

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