Zimbabwe: RBZ Governor Assures Public On Financial Stability Amid ZiG Introduction

Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has re-affirmed the Central Bank’s commitment to financial stability in the country following the introduction of the gold-backed currency, Zimbabwe Gold (ZiG).

In an interview with a local television network, Dr. Mushayavanhu reassured the public that the RBZ possesses ample reserves to meet the foreign currency needs of legitimate businesses, thereby eliminating the necessity for companies to resort to the black market for import…