Government Measures Aim to Strengthen Demand for ZiG in Zimbabwe Zimbabwe’s Finance Minister Mthuli Ncube has announced measures to boost demand for the country’s new bullion-backed currency, ZiG (Zimbabwe Gold). These include requiring government departments to accept ZiG for goods and services, mandating certain taxes be paid exclusively in ZiG, and increasing circulation of ZiG notes without expanding money supply. The government aims to strengthen the local currency, which replaced the Zimbabwean dollar in April after it lost 80% of its value against the US dollar, fueling inflation. Ncube credits the ZiG for helping to curb inflation and is implementing these measures to further support its adoption and stability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts I Believe Gold & Silver Demand Will Rise 4x Within 5 Years READ MORE Japan Sounds the Alarm on Yen's Speculative Tumble Amidst Rising U.S. Inflation READ MORE Stacking Gold Bars in BullionStar’s Vault READ MORE Fed's Anticipated Rate Cuts Stir Major Buzz at Davos 2024 READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment