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Finance Minister Mthuli Ncube has been urged to promptly present fiscal measures that complement the monetary policy announced by Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu last week. The 2024 Monetary Policy Statement outlines key strategies and measures aimed at achieving currency stability. These include the introduction of a structured currency called ZiG, backed…
The Reserve Bank of Zimbabwe (RBZ) on Saturday noted satisfactory progress made by some financial institutions in migrating their systems from the Zimbabwe dollar to Zimbabwe Gold (ZiG), the country’s new medium of exchange. This comes as the transacting public at the weekend faced some bottlenecks as businesses worked flat-out to implement a currency changeover…
THE Reserve Bank of Zimbabwe has introduced a new structured currency, known as the Zimbabwe Gold (ZiG) in a move expected to solve exchange rate volatility and promote the use of local currency. The legal tender was unveiled during the presentation of the Monetary Policy Statement by Reserve Bank of Zimbabwe Governor, Dr John Mushayavanhu…
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "struct...