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Top News In Zimbabwe Industries Today - Breaking & Trending Today

RBZ Governor Admits ZiG Is Useless

By Business Reporter- In a startling admission, the newly appointed Reserve Bank of Zimbabwe (RBZ) Governor, John Mushayavanhu, has openly acknowledged the ineffectiveness of the Zimbabwean Integrated Gold-backed currency (ZiG). Mushayavanhu disclosed that the authorities were in the dark regarding structured currency and had to seek guidance from a World Bank consultant before launching ZiG.… ....

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Making ZiG fully convertible could lead to dollarisation

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu says making ZiG fully convertible for all local transactions will result in complete dollarisation of the economy as a weaker local currency cannot compete with a strong one such as the US dollar. The central bank introduced a new currency, ZiG, on April 5 this year.… ....

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Zim remains lowly-ranked on governance record: AfDB

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu says making ZiG fully convertible for all local transactions will result in complete dollarisation of the economy as a weaker local currency cannot compete with a strong one such as the US dollar. The central bank introduced a new currency, ZiG, on April 5 this year.… ....

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Govt considered cryptocurrency to deal with currency crisis…as Mushayavanhu reveals ZiG creation

Govt considered cryptocurrency to deal with currency crisis…as Mushayavanhu reveals ZiG creation
zimbabwesituation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwesituation.com Daily Mail and Mail on Sunday newspapers.

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Govt considered cryptocurrency to deal with currency crisis…as Mushayavanhu reveals ZiG creation -Newsday Zimbabwe

Mushayavanhu said he was in September last year told that he was going to be governor and began consultations. ....

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