https://en.sputniknews.africa/20250301/zimbabwe-central-bank-assures-sufficient-us-dollar-supply-amid-calls-for-free-float-of-zig-currency-1070886005.html
Zimbabwe Central Bank Assures Sufficient US Dollar Supply Amid Calls for Free Float of ZiG Currency
Zimbabwe Central Bank Assures Sufficient US Dollar Supply Amid Calls for Free Float of ZiG Currency
Sputnik Africa
Meanwhile, major companies have reportedly called for the Zimbabwe Gold (ZiG), the local gold-backed currency introduced in 2024, to be allowed to float... 01.03.2025, Sputnik Africa
2025-03-01T18:26+0100
2025-03-01T18:26+0100
2025-03-03T15:24+0100
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Zimbabwe's central bank governor, John Mushayavanhu, has reassured the public that the country has sufficient dollars to meet demand, dismissing concerns about a currency crisis.Mushayavanhu also assured businesses and citizens that foreign exchange needs would be honored.
https://en.sputniknews.africa/20250113/zimbabwes-reserves-rise-to-533-mln-amid-record-gold-output-boost-currency-stability-central-bank-1070161148.html
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economy, zimbabwe, united states (us), us dollar, southern africa, currency, local currency, gold, finance, central bank, bank, zimbabwe gold (zig)
economy, zimbabwe, united states (us), us dollar, southern africa, currency, local currency, gold, finance, central bank, bank, zimbabwe gold (zig)
Zimbabwe Central Bank Assures Sufficient US Dollar Supply Amid Calls for Free Float of ZiG Currency
18:26 01.03.2025 (Updated: 15:24 03.03.2025) Elizaveta Roschina
Writer/Editor
Meanwhile, major companies have reportedly called for the Zimbabwe Gold (ZiG), the local gold-backed currency introduced in 2024, to be allowed to float freely, arguing that efforts to prop up its value could limit the availability of US dollars.
Zimbabwe's
central bank governor, John Mushayavanhu, has reassured the public that the country has sufficient dollars to meet demand, dismissing concerns about a currency crisis.
"Yesterday we went into the market as a central bank to sell forex; we went in with about $20 million. The banks were only able to buy $15 million. In other words, that was the demand that was there in the market," Zimbabwe's central bank governor, John Mushayavanhu, told the state broadcaster ZTN.
Mushayavanhu also assured businesses and citizens that foreign exchange needs would be honored.
"If there is anyone who has an import invoice or foreign payment that they need to make outside the country and has not made it, they can go to the bank and it will be honored. We don’t have a foreign exchange problem," he noted.
