Subscribe Today
Monday, December 8, 2025
Top Posts
ZiG yield curve adjustment expected
Zim taps into call centre business
Govt to safeguard forex assets in mono-currency shift
Aid funds fall short of target
Mining cadastre system nears completion
Econet wary of share price valuation
Zim banks urged to slash charges
AirZim records 5k passengers on Harare–Mutare route
Govt pushes policy to unlock solar investment
Brick by brick, trust erodes
Subscribe Today
©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Home » Govt to safeguard forex assets in mono-currency shift
Top Stories

Govt to safeguard forex assets in mono-currency shift

written by Adelaide Moyo, Group Managing Editor 0 comments
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.
0 FacebookTwitterLinkedinWhatsappTelegramEmail

THE government says all foreign currency-denominated assets will be safeguarded during the transition to a ZiG-anchored mono-currency system, allaying fears of financial losses in previous currency shifts. According to the 2026 national budget, the ministry of Finance said the transition to a mono-currency system will not impact existing foreign currency accounts, US dollar-denominated financial instruments,…

Subscribe to read full article. Subscribe today
0 FacebookTwitterLinkedinWhatsappTelegramEmail

Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

Related Posts

ZiG yield curve adjustment expected

Aid funds fall short of target

Zim 2026 Central Budget panned

SOSES launches next week

World Bank gives thumbs up to Zim reforms

Budget diversion, underutilisation persists

Advertisements
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
©2024 The Financial Gazette. All Right Reserved. Designed and Developed by Innovura

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Close