Ecocash endures cost of ZiG devaluation

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Elton ManguwoStaff writer ECOCASH Holdings Zimbabwe (Ecocash) says the sudden devaluation of the Zimbabwe Gold- —ZiG currency by the Reserve Bank of Zimbabwe last year severely eroded its local currency holdings by up to 43 percent in real terms.The authorities — on September 28, 2024 devalued the ZiG by 42,6 percent in an attempt to…