‘ZiG stability hinges on super demand’

The industry body highlighted that the 2025 National Budget acknowledged that there is need to create demand for ZiG by having more tax heads payable in ZiG but no specific measures were announced.

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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