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.Advertisements 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,…
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.