‘ZiG stability hinges on super demand’

Zimbabwe operates a multi-currency system dominated by the US dollar, alongside the ZiG, which was introduced in April 2024.

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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