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Zimbabwe s ZiG wipes out 330% stocks rally

Zimbabwe s ZiG wipes out 330% stocks rally
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ZiG plays havoc on the Zimbabwe Stock Exchange

Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market this year, leaving investors dealing with the fallout. The Zimbabwe Stock Exchange All Share Index fell 99.95% since the introduction of ZiG, short for Zimbabwe Gold, on 5 April. The gold-backed ZiG succeeded the Zimbabwe dollar which had lost 80%

Zimbabwe s ZiG Wipes Out 330% Stocks Rally

(Bloomberg) Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market this year, leaving investors dealing with the fallout.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to Buy Singapore Mansion for $31 MillionThe Zimbabwe Stock Exc

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