Zimbabwe Launches ZiG Currency to Tackle Depreciation and Inflation

Friday, 5 April 2024, 17:48

Zimbabwe has taken a significant step by introducing the new currency ZiG in response to the ongoing economic turmoil fueled by depreciation and soaring inflation. With the previous currency losing over 70% of its value since January, the introduction of ZiG aims to stabilize the economy and restore confidence among citizens and investors. The move is crucial in addressing the pressing financial challenges faced by the country, signaling a crucial shift in monetary policy.

https://store.livarava.com/025fa4c9-f41a-11ee-8973-87cc5c87fb08.gif — Zimbabwe Launches ZiG Currency to Tackle Depreciation and Inflation

Zimbabwe Introduces New Currency ZiG

Zimbabwe has launched a new currency, which will be called ZiG and goes into effect on Monday, to replace its previous one that lost more than 70% of its value since January.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Zimbabwe Introduces New Currency ZiG

Related posts