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Home » Concerns mount over ZiG street market
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Concerns mount over ZiG street market

written by Almot Maqolo, Staff Writer 0 comments
For the ZiG to instill public confidence and ensure market stability before 2030, the RBZ should aim for a prudent target where gold reserves cover at least 25 to 30 percent of the ZiG’s total monetary base, as evidenced by international best practices.
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THE Confederation of Zimbabwe Industries (CZI) is worried about the growing difference between the official and parallel market exchange rates for the ZiG currency. According to some estimates, the premium went up from 25 percent in March to 28 percent in April. Since its introduction last April, the ZiG has had a rough ride, losing…

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