Treasury sets deadline for currency recalibration

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FINANCE Minister Mthuli Ncube says Zimbabwe’s ongoing currency recalibration will be completed before the end of the second quarter this year.

Zimbabwe officially rolled out a new currency – Zimbabwe Gold (ZiG) – earlier in April to help stabilise the economy and restore confidence in the financial system.

The currency recalibration process involves a series of key steps, including revaluing the currency against other currencies, setting new exchange rates, and adjusting prices of goods and services to reflect the new monetary system.

Speaking to journalists recently, the treasury chief said fiscal author – ities were recalibrating the current budget using the new currency

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