ZiG plunge by more than 40%, RBZ hike interest rate

STAFF WRITER   The Reserve Bank of Zimbabwe (RBZ) has devalued the local currency, the Zimbabwe Gold (ZiG), by more than 40% and hiked interest rate to 35% from 20%, Business Times can report.   The value of ZiG, which was introduced in April this year, plunged to ZWG24.3902 to the greenback on Friday  from…