FBC Securities says demand for borrowing in Zimbabwe Gold (ZiG) for working capital is expected to continue declining in the absence of stronger pro-ZiG demand policies. Demand for ZiG for working capital remains mixed. While official usage has increased, businesses continue to rely heavily on the United States dollar (USD) because of ongoing operational challenges…
Demand for domestic unit expected to fall
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.