Home Africa Zambia: ZiG Falls by 67% Amid Economic Turmoil – Africa Links 24

Zambia: ZiG Falls by 67% Amid Economic Turmoil – Africa Links 24

Zambia: ZiG Falls by 67% Amid Economic Turmoil – Africa Links 24

Rédaction Africa Links 24 with Zimeye
Published on 2024-10-07 12:37:04

ZiG Falls by 67% Amid Economic Turmoil

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…

Read the full article on The Zimbabwe Eye

Previous articleKenya: MPs Approve Motion to Impeach DP Rigathi Gachagua
Next articleMan drowns in flooded road while moving bull for independence day celebration