Zimbabwe's Deputy Finance Minister confirms "drip-feeding" ZWG currency into economy due to shortage.

Deputy Finance Minister David Mnangagwa confirms Zimbabwe Gold (ZWG) currency is being "drip-fed" into the economy due to widespread shortage. The ZWG was introduced in April to replace the Zimdollar, but fears of US dollar promotion and hindrance to de-dollarisation have emerged. Government and the Reserve Bank of Zimbabwe previously stated there was enough ZWG for the market.

July 01, 2024
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