ZIMBABWE’S currency, the Zimbabwe Gold (ZiG), may achieve stability only when demand for it reaches critical levels within the economy, says Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee member Persistence Gwanyanya.
Since its introduction in April, the ZiG has faced turbulence, recently devaluing from around 14 to nearly 25 to the US dollar.
This devaluation has driven up the cost of goods and services and disrupted several supply chains, heightening concerns among investors about the currency’s stability and the broader economic outlook.