RBZ backs ZiG-only payments

The RBZ said it continues to monitor the effectiveness of strategies that the institutions have put in place to address the non-performing loans

THE Reserve Bank of Zimbabwe governor, John Mushayavanhu, says the apex bank supports the government’s move to pay public sector suppliers exclusively in the local currency, the ZiG, describing it as a decisive step towards strengthening the use of the domestic unit.Advertisements In a statement this week, the central bank moved to reassure contractors and…

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