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 446 Days and Counting: Recession Signal Fails to Predict Economic Downturn READ MORE Fed's Looming Rate Cut Could Bolster Biden's Reelection Bid READ MORE Gold and Bitcoin: Call of the Year for 2024 READ MORE Bond Market's Recession Alarm Continues, Stock Market Impact Uncertain READ MORE Swiss Central Bank Cuts Rates, Getting Ahead of Global Peers READ MORE Add a Comment Cancel replyYour email address will not be published.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