Zambia: Black Market Resurfaces As Shops Reject ZiG  – Africa Links 24

By Business Reporter-The black market has resurfaced following the refusal of the ZiG by many retailers owing to its continued devaluation.

Introduced in April last year, ZiG was meant to stabilise the economy and curb inflation. 

However, it rapidly lost value within two weeks of its launch, raising concerns about the government’s failure to implement sound monetary policies. 

Despite this,…