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Home » ‘ZiG remains best foot forward’
National Report

‘ZiG remains best foot forward’

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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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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