Home Africa Zambia: ZiG Crumbles… – Africa Links 24

Zambia: ZiG Crumbles… – Africa Links 24

Zambia: ZiG Crumbles… – Africa Links 24

Rédaction Africa Links 24 with Zimeye
Published on 2024-10-08 00:30:00

By A Correspondent

Amidst a backdrop of ongoing economic challenges, the Zimbabwe Gold (ZiG) currency has plummeted by 67% against the US dollar since its introduction.

This alarming depreciation has drawn sharp criticism from renowned American economic analyst Professor Steve Hanke, who is known for his expertise in tracking struggling currencies worldwide.

Hanke, who closely monitors the performance of the ZiG, stated, “Since its adoption on April 8, 2024, the ZiG has depreciated by…

Read the full article on The Zimbabwe Eye

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