Zimbabwe: IMF Wants Zimbabwe's Gold-Backed Zig to Become Sole Currency

Zimbabwe: IMF Wants Zimbabwe's Gold-Backed Zig to Become Sole Currency

The International Monetary Fund said it would like to see the ZiG "fully becoming a national currency," as it weighs whether to place Zimbabwe on a staff-monitored program.

IMF's push for ZiG as sole legal tender met with skepticism in Zimbabwe – Nehanda Radio

HARARE - A recommendation from the International Monetary Fund (IMF) to make Zimbabwe's ZiG currency the exclusive legal tender is being met with widespread public skepticism, primarily due to the nation's turbulent economic history and deeply entrenched distrust in official financial policies. The post IMF’s push for ZiG as sole legal tender met with skepticism in Zimbabwe appeared first on Nehanda Radio.

IMF urges Zimbabwe to ban US dollar

The International Monetary Fund (IMF) has expressed full support for Zimbabwe’s gold-backed ZiG currency to become the country’s sole legal tender. This is in line with reforms under consideration for a potential staff-monitored program (SMP). The ZiG short for Zimbabwe Gold, was introduced in April 2024 to take the place of the collapsing Zimbabwean dollar. […] The post IMF urges Zimbabwe to ban US dollar appeared first on Zw News Zimbabwe.