President Mnangagwa faces criticism after urging use of Zimbabwe Gold currency while distributing US dollars, raising doubts about his commitment to the new currency.
Zimbabwe Gold currency
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Zimbabwe’s new ZiG currency faces significant resistance, complicating transactions and impacting consumer finances across multiple sectors.
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Finance Minister Mthuli Ncube increases tax-free threshold to ZiG 1,356, aiming to stabilize the economy with new fiscal policies amidst the transition to Zimbabwe Gold currency.
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Zimbabwe’s stakeholders advocate for government departments to primarily accept ZiG, enhancing the currency’s credibility and speeding up its market integration.
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Discover how Zimbabwe’s innovative financial reforms under the RBZ aim to stabilize and boost confidence in the new ZiG currency.