THE Confederation of Zimbabwe Industries (CZI) has cautioned that achieving the government’s inflation targets hinges on authorities creating sufficient demand for the local currency.AdvertisementsWhile acknowledging the role of tight fiscal and monetary policies in stabilising ZiG inflation, the CZI emphasised that these measures alone are insufficient without a corresponding increase in ZiG use.The 2025 budget…
Industry seeks action on ZiG demand
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.”