Concerns over ZiG confidence deficit

The central bank is primarily building reserves through the foreign currency surrender system from exporters and royalties and minerals paid in kind, riding on high prices, particularly gold.

THE continued tightening of local currency liquidity in the economy by monetary authorities has left long-term market confidence in the ZiG hanging by a thread, analysts have warned. According to financial and securities research firm, Inter Horizons (IH) Securities in its third-quarter equity strategy review, the adoption of the local currency could be adversely impacted…

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