Govt to safeguard forex assets in mono-currency shift

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 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,…

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