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…
ZiG financial reporting directive sparks cynicism
Zimbabwe operates a multi-currency system dominated by the US dollar, alongside the ZiG, which was introduced in April 2024.