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 Zimbabwe Keeps Interest Rate at 20%, Predicts Inflation Below 5% by Year-End READ MORE The Scene of THE CRIME READ MORE Growing Credit Card Debt: A Warning Sign for Investors READ MORE Gold Price Tests $2,500 Levels READ MORE Gold Eyes All-Time High as Silver and Copper Find Support READ MORE Add a Comment Cancel replyYour email address will not be published.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