Zimbabwe: RBZ Puts Two More Pillars to Stabilise ZiG Currency

THE Reserve Bank of Zimbabwe (RBZ) has erected two more structures, which will work towards stabilising the new Zimbabwe Gold (ZiG) currency.

The developments come at a time when the local unit has suffered heavy blows on the parallel market with premiums reaching as much as US$1:ZWG20.

Traditionally, local markets have maintained sensitivity to parallel market dynamics, which are also the determinant factor of inflation.

Presenting the Mid-Term Monetary Policy Review Statement last week, RBZ…