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…
‘ZiG remains best foot forward’
To the contrary, the central bank, through the monetary policy statement issued last week, said its directive was “consistent with the increase in the number and value of transactions settled in ZiG since its introduction on April 5, 2024.”