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Home » ZiG makes up 40 percent of national payments
National Report

ZiG makes up 40 percent of national payments

written by Adelaide Moyo, Group Managing Editor 0 comments
RBZ governor John Mushayavanhu
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THE local currency, ZiG, now accounts for nearly 40 percent of all national payment system transactions, marking a steady improvement in its acceptance by the market, latest figures from the Reserve Bank of Zimbabwe (RBZ) show. Zimbabwe operates a multi-currency system, which, however, largely remains tilted towards the US dollar. The latest data signals a…

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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.

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