ZiG reporting delays financial statements

In its first quarter trading update, Zimbabwe Stock Exchange Holdings (ZSEH) said the ZiG exchange rate held steady at around 25,57 per US dollar, enhancing investor confidence and market predictability.

SEVERAL companies listed on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) have delayed publishing their financials following a directive to adopt ZiG as a functional reporting currency. The Reserve Bank of Zimbabwe announced through the Monetary Policy Statement that all entities should adopt the ZWG as the reporting currency for…

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