#ZIMWatch 🇿🇼: Chaos has ensued with Zimbabwe's latest currency gamble, the ZiG – the 6th in the last decade.

Payment networks are down, so banks attempting to transfer ZWL to ZiG could not do so.

ZIM’s MONETARY INCOMPETENCE KNOWS NO BOUNDS. Where there’s a ZiG, there’s a ZAG.

To all developers still working on currency conversation (ZWL to ZIG) HAPPY CODING 🙂

I give up on Zimbabweans.. the character below is cashing in $2 million ZWL at Pick n Pay Chadcombe right Now!! Yesterday he came with $1 million!!
It’s definitely not his money something is wrong somewhere!!
Why was he keeping such large sums of $100 bills??
Reserve Bank of Zimbabwe

After letting the ZWL tumble to its death, the govt is aggressively defending the local currency again using any and every means at its disposal. Will it win this battle? It depends on the money supply. It always does.

Econet's ZiG bundles are now live. They're now more expensive than USD bundles. They didn't just convert ZWL prices to ZiG, they also increased the ZiG prices.

Dr. Prosper Chitambara, an independent economist, discussed the ZiG, on Al Jazeera. He emphasized its role in restoring confidence amid economic growth challenges. ZiG replaces the depreciated ZWL, marking a pivotal shift in the country's economic strategy.

#ZiGbho #EDworks

🟣Lawyers will tell you that it is impossible to convert ZWL to Zig because section 2(7) of SI 60 of 2024 does not specify the quantity of the gold whose price is referred to.

It’s incurably ambiguous because it’s unclear whether they intended to refer to the one milligram of…

You can't rig the economy.

Here's one of our Cabs accounts.
Intial balance $114Million
Interbnk rate was $27K ~ $1
Meaning we have $4227USD

With the swish of a pen, we got it converted to: ZiG45747
In USD at ZiG rate: $3373

LOSS for just banking offically and accepting ZWL:…

曜日。4月11日 新しいジンバブエ通貨の金融政策声明のハイライト、ゴールドはZIGを支持しました。...テレグラム木曜日の米国債務時計。4月11日

* 準備金とロイヤリティに裏打ちされる構造化された通貨

* ZWLドル通貨はZIGに換算される

* ZIGは他の通貨と一緒に循環する。

* 多通貨システムは、法律

おきたにま

One day we will need to discuss demonetisation of the ZWL

Who lost?

Who won?

Who cared?

They removed zwl that was backed by 200 million dollars NOW they are introducing ZIG backed by katsapo ke brasso vachiti it's GOLD...it will not work..

How to convert your ZWL$ salary into ZiG

Formula: ZWL$ Salary / 2500

Eg. ZWL$ 2,000,000 = ZiG 800

You are welcome

#ZIMWatch 🇿🇼: As the Zimbabwe dollar (ZWL) is buried, it’s time to reflect. The ZWL was introduced with great fanfare by Finance Minister Mthuli Ncube in Feb 2019 at 2.5 ZWL/USD. It was buried on April 5 at a rate of 33,886.7 ZWL/USD. It was one of the world’s greatest currency…

They want people to explain how they have ZWL 100,000 but they're ignoring the guy who says 'go and see Victor' each and every after next week. We live in an unreal place man

ZIMRA System Feels the Heat: System Down Indefinitely

Read their statement below 👇

---------------------------------------------

PUBLIC NOTICE: SYSTEMS CHANGEOVER FROM ZWL TO ZiG

The Zimbabwe Revenue Authority (ZIMRA) wishes to inform its esteemed clients that we are in the…

These are lies
twitter.com/mahowa15/statu…

4.2 trillion plus physical money will amount to more than 200milion USD. How does government convert 200miliom worth of ZWL to 80milion worth of ZiG pane arikubirwa pr arikunyepa

How the looting started

They raised the bank rate to over $30000 in few days and used it to convert zwl to zig.

Pakabiwa mari paya 😂😂

I was trying to explain isalary yomuntu that was sent as ZWL but was converted to ZiG 😪 lami ngicine ngingasekho sure lento ebengiyitsho

So at the moment we have 2 Zimbabwe currencies run by the same RBZ trading against each other at different rates?? this is so confusing ..has this ever happened in other countries?what was backing th ZWL all along?