Four years ago, Zimbabwe experienced one of the worst cases of hyperinflation in history. The country abandoned its own currency and switched to the U.S. dollar — a move experts say prevented a ...

Zimbabwe is looking to gold to “expand value-preserving instruments,” launching a gold-backed digital currency last week as the nation suffers from hyperinflation and its currency continues to ...

Twenty-three of the continent’s currencies, including the naira, Egyptian pound and Congolese franc, have hit historic lows against the US dollar, raising fears of loss of control over consumer prices ...

HARARE, Zimbabwe (AP) — Zimbabwe will launch a digital currency next month by introducing “tokens” that are backed by gold reserves and can be transferred between people and businesses as a form of ...

Zimbabwe's stock market is up roughly 800% in 2023, the world's biggest rally. The rally has taken shape as the country's annual inflation is up 176%. Local investors are turning to the stock market ...

This is an opinion by Thabo P. Ncube, a Bitcoiner who lived through Zimbabwe’s hyperinflation in 2008. The Reserve Bank of Zimbabwe (RBZ), the fiat custodian and lender of last resort in the country, ...

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. This month, the Central Bank of Zimbabwe launched a new gold-based currency, ...

Inflation occurs when prices rise and currency buying power declines. While modest inflation (2–5%) is normal, some countries are experiencing hyperinflation—extremely high, self-reinforcing price ...