In its analysis of the 2024 MPS, (Zimbabwe Coalition on Debt) Zimcodd commended ZiG’s concept of anchoring the currency with reserve assets and currencies like gold and USD, seeing it as a potential solution to the recurring currency conundrum. However, given the current circumstances, one mus...
It is crucial to acknowledge that the RBZ's control over the exchange rate is influenced by multiple economic factors, market conditions, and external forces. The RBZ must take meticulous measures and establish policies that effectively uphold stability, competitiveness, and the country's monetary pol...
RBZ Governor Dr John Mushayavanhu Issues Important Update On The New ZiG Currency The RBZ governor has announced that the central bank is still printing ZiG notes and will be in the market at the end of the month. Hesaid: “The ZiG notes and coins are by these presents declared to be...
“We are doing it gradually as we don’t want to rush to direct service station to pay USD,” he said. Fuel remains a key product at the centre of driving the national economy. Past attempts to force dealers to sell the product in local currency backfired as the commodity became scarce ...
The RBZ's decision to increase interest rates and tighten monetary policy comes amid rising inflation, placing immense pressure on the central bank to stabilize the economy. However, many Zimbabweans view the devaluation as a severe blow to the already embattled ZiG currency, leaving them questioni...