November 12, 2024 - The Financial Gazette

‘ZiG remains best foot forward’

Mishma Chakanyuka, Staff WriterNovember 12, 20240747 views

THE Ministry of Finance has maintained that Zimbabwe’s gold-backed currency, ZiG, will bring more economic benefits than challenges, even as it has lost value over recent weeks. Since its April launch, the ZiG has experienced volatility, with its value dropping from around 14 to nearly 25 against the US dollar. Currently, it trades at ZiG26,9024…

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‘Policy consistency key to vision 2030’

Mishma Chakanyuka, Staff WriterNovember 12, 20240787 views

TO ACHIEVE its ambitious Vision 2030, Zimbabwe must prioritise policy stability and a consistent exchange rate, according to former Zimbabwe Economics Society president Nigel Chanakira. Vision 2030, as outlined by the World Bank, seeks to raise Zimbabwe to an upper-middle-income economy, with a targeted gross national income per capita of between US$3,89 and US$12,06. “We…

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