Rédaction Africa Links 24 with Zimeye
Published on 2024-10-27 11:33:39
IMF: Zimbabwe’s ZiG Can’t Fix the Economy
By Business Reporter
The International Monetary Fund stated that Zimbabwe’s gold-backed ZiG currency, which it introduced in April and has since had to devalue, will not help the country’s economic problems.
In an interview, IMF Africa Department Director Abebe Selassie stated, “There is a tendency to see the market rate, the exchange rate, as the cause of the problems countries face.”
“In actuality,…
Read the full article on The Zimbabwe Eye
