RBZ backs ZiG-only payments

The RBZ is responsible for formulating monetary policy, issuing the national currency, and regulating the financial and banking systems.

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. In a statement this week, the central bank moved to reassure contractors and…

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