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Home » ‘ZiG stability hinges on super demand’
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‘ZiG stability hinges on super demand’

written by Mishma Chakanyuka, Staff Writer 0 comments
The ZWG:US$ exchange rate has become more predictable. Gold and forex reserves have grown, and monetary expansion has largely remained within targeted levels.
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Zimbabwe’s currency, the Zimbabwe Gold (ZiG), may achieve stability only when demand for it reaches critical levels within the economy, says Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee member Persistence Gwanyanya. Since its introduction in April, the ZiG has faced turbulence, recently devaluing from around 14 to nearly 25 to the US dollar. This…

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