THE local currency, the ZiG, is trading at almost half its implied value, a disparity that Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu says reflects a lingering “confidence gap” the central bank has been working to close over the past two years. Zimbabwe operates a multi-currency system dominated by the US dollar, alongside the…
ZiG is undervalued: RBZ
Zimbabwe operates a multi-currency system dominated by the US dollar, alongside the ZiG, which was introduced in April 2024.