ZiG financial reporting directive sparks cynicism

The ZWG:US$ exchange rate has become more predictable. Gold and forex reserves have grown, and monetary expansion has largely remained within targeted levels.

THE Reserve Bank of Zimbabwe (RBZ)’s directive for companies to adopt ZiG as a functional reporting currency in a multi-currency regime has been met with cynicism, with some analysts warning of distortions in the interpretation of corporate performance.This comes as a majority of listed companies have been adopting the US$ as their reporting currency, alluding…

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