Tag: ZiG
Business
RBZ Cuts Rate to 27.5% as ZiG Inflation Hits 45-Year Low
The Reserve Bank of Zimbabwe has cut its policy rate to 27.5% from 30%, saying inflation is now firmly anchored despite a spike in global oil prices. Governor John Mushayavanhu said annual ZiG inflation fell to 2.9% in August, its lowest since 1980, before edging up to 3.7% in September. “The increase largely reflected the
Business
World Bank Warns Zimbabwe Against Ditching the US Dollar
Zimbabwe plans to phase out the use of foreign currencies for domestic transactions by 2030, paving the way for a mono-currency system centred on the ZiG.
Business
RBZ Celebrates Single Digit ZiG Inflation
Mushayavanhu added that companies should now have no issues in accepting local currency.