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Zimbabwean Stock Exchange CEO Discusses ZiG Currency Impact

IN light of recent developments following the introduction of Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), and its subsequent impact on the stock market, The Southern African Times has conducted an exclusive interview with Justin Bgoni, CEO of the Zimbabwean Stock Exchange (ZSE). Motivated by a recent Bloomberg report titled “Zimbabwe’s ZiG Wipes Out 330% Stocks…

Zimbabwe's ZiG wipes out 330% stocks rally

Zimbabwe's ZiG wipes out 330% stocks rally

Zimbabwe's ZiG Wipes Out 330% Stocks Rally

(Bloomberg) Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market this year, leaving investors dealing with the fallout.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to Buy Singapore Mansion for $31 MillionThe Zimbabwe Stock Exc

Zimbabwe's new currency spells disaster for stock market investors

Zimbabwe's economic turbulence took a toll on investors as the introduction of the ZiG wiped out a staggering 330% stock market gain.