Govt to safeguard forex assets in mono-currency shift

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.

Advertisements 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…

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