The ZiG was introduced following the rapid depreciation of the Zimbabwe dollar (ZWL).
‘New currency averted systems crash’
It replaced the Zimbabwe dollar (ZWL), which had to be decommissioned after depreciating rapidly against the US dollar, complicating an already dire economic situation.
‘Inflation forecast unrealistic’
As such, monthly inflation rates are expected to be well below 1%, while annual inflation is projected to close the year below 5%.
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Innovative crowd-investing app ‘PiggyBankAdvisor’ launched
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Japanese pop culture comes to life in Harare
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Herbicides: Bad news for local food security
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Zim to pay 100% of international hunting revenue to communities
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.
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