Concerns over ZiG confidence deficit

Foreign currency reserves currently cover about 1,5 months of imports, reflecting a steady buildup since the launch of the ZiG currency in April 2024.

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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